Funding you earn now, next payment 01:00 UTC+0.0110%/8h= +12.1% APRnext payment +$0.14 per $10,000 · paid last 24h −0.060%
Price spread now: Deribit against Hyperliquid−0.119%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding pays, the price is against you. Deribit is 0.119% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.119% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 3.6 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid LDO | 0.4354 | 0.0100 | pay 0.0013% / 1h | 9m 47s | $12.1M | $3.9M | 5x |
| Short | Deribit LDO_USDC-PERPETUAL | 0.4349 | 0.0210 | get 0.0026% / 1h | 9m 47s | $8K | $20K | 25x |
Hyperliquid LDO
Deribit LDO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $23.12
- Price spread: −0.119% → 0.000%
- −$11.94
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$4.82
- Costs to cover
- 0.160%
- Break-even
- 8.5 days
Slippage unknown: Hyperliquid: live order book, 3 min ago; Deribit: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hyperliquid live order book, 3 min ago | 0.81 bp | 10.7 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
LDO on 29 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International LDO-PERP-INTX | −0.0752% | 1h | 0.4330 | −0.556% | $118K | $47K | 50x | as long as short |
| dYdX LDO-USD | +0.0028% | 1h | 0.4345 | −0.204% | $84K | $17K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −5.608% | $4K | $14 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4342 | −0.283% | $3K | — | 20x | as long as short |
| BloFin LDO-USDT | +0.0100% | 8h | 0.4332 | −0.510% | $789K | $212K | 75x | as long as short |
| Hyperliquid LDOlong | +0.0100% | 1h | 0.4354 | long leg | $12.1M | $3.9M | 5x | |
| Aster LDOUSDT | +0.0100% | 8h | 0.4353 | −0.027% | $171K | $149K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4346 | −0.198% | $112K | $178K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4352 | −0.051% | $18.3M | $36.9M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4348 | −0.142% | $16.5M | $11.8M | 50x | as long as short |
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Injective LDO/USDC PERP
Paradex LDO-USD-PERP
BloFin LDO-USDT
Aster LDOUSDT
Pacifica LDO
Binance LDOUSDT
Bybit LDOUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4348 | −0.142% | $4.1M | $8.8M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4348 | −0.142% | $1.5M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4351 | −0.073% | $8.0M | $7.5M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4350 | −0.096% | $2.8M | $4.1M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4349 | −0.119% | $3.4M | $3.5M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4349 | −0.119% | — | $10.1M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4349 | −0.129% | $89K | $151K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4331 | −0.526% | $204K | $82K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4342 | −0.280% | $308K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4340 | −0.326% | $35K | $644K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4350 | −0.099% | $23K | $720K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4450 | +2.200% | $2K | $1.4M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4347 | −0.159% | $264K | $1.3M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4347 | −0.158% | $38K | — | 3x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0195% | 1h | 0.4349 | −0.128% | $1.1M | $516K | 50x | as long as short |
| Deribit LDO_USDC-PERPETUALshort | +0.0210% | 1h | 0.4349 | −0.119% | $8K | $20K | 25x | |
| GMX LDO/USD [ETH-USDC] | L +0.0320% / S −0.0201% | 1h | 0.4346 | −0.185% | $24K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0337% | 1h | 0.4346 | −0.191% | $303K | — | 15x | as long as short |
| Lighter LDO | +0.0584% | 1h | 0.4361 | +0.152% | $885K | $267K | 10x | as long as short |
OKX LDO-USDT-SWAP
Gate LDO_USDT
MEXC LDO_USDT
KuCoin LDOUSDTM
Bitget LDOUSDT
BingX LDO-USDT
Backpack LDO_USDC_PERP
Variational Omni LDO
GRVT LDO_USDT_Perp
ApeX Omni LDOUSDT
Polymarket Perps LDO-USD
SunX LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
Kraken Futures PF_LDOUSD
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Lighter LDO