LDO

Alert

Funding spread now, next payment 15:00 UTC−0.0232%/8h

next payment, per $10,000−$0.29paid, last 24h−0.052%paid, last 5 days+0.028%to open and closeno order book

Long on Polymarket Perps Short on Deribit

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.028% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps LDO-USD	0.4306	0.0018	pay 0.0002% / 1h	46m 55s	$27K	$1.5M	5x
Short	Deribit LDO_USDC-PERPETUAL	0.4303	−0.0215	pay 0.0027% / 1h	46m 55s	$3K	$10K	25x

Funding history

latest

Range statsloading…

Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee DeribitbpOrdersRate

Funding earned: −$48.79
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$63.79
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 3 min ago; Deribit: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.081%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Polymarket Perps live order book, 3 min ago	3.02 bp	8.4 bp −$8	9.3 bp −$93	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 28 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International LDO-PERP-INTX	−0.1016%	1h	$114K	$32K	50x	as long as short
Injective LDO/USDC PERP	−0.0430%	1h	$4K	$177K	12x	as long as short
Deribit LDO_USDC-PERPETUALshort	−0.0215%	1h	$3K	$10K	25x
Kraken Futures PF_LDOUSD	−0.0086%	1h	$1.1M	$548K	50x	as long as short
Backpack LDO_USDC_PERP	−0.0047%	1h	$88K	$188K	10x	as long as short
dYdX LDO-USD	0.0000%	1h	$83K	$21K	5x	as long as short
Polymarket Perps LDO-USDlong	+0.0018%	1h	$27K	$1.5M	5x
Bybit LDOUSDT	+0.0055%	8h	$16.4M	$12.7M	50x	as long as short
ApeX Omni LDOUSDT	+0.0067%	1h	$33K	$650K	50x	as long as short
Variational Omni LDO	+0.0074%	8h	$220K	$154K	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin LDO-USDT	+0.0076%	8h	$838K	$151K	75x	as long as short
Lighter LDO	+0.0096%	1h	$855K	$245K	10x	as long as short
Paradex LDO-USD-PERP	+0.0100%	8h	$3K	$56	20x	as long as short
Hyperliquid LDO	+0.0100%	1h	$12.3M	$3.6M	5x	as long as short
Aster LDOUSDT	+0.0100%	8h	$167K	$312K	10x	as long as short
Pacifica LDO	+0.0100%	1h	$111K	$189K	10x	as long as short
Binance LDOUSDT	+0.0100%	8h	$17.8M	$37.9M	75x	as long as short
OKX LDO-USDT-SWAP	+0.0100%	8h	$4.0M	$9.4M	50x	as long as short
Gate LDO_USDT	+0.0100%	8h	$1.5M	$1.1M	50x	as long as short
MEXC LDO_USDT	+0.0100%	8h	$9.7M	$7.3M	200x	as long as short
KuCoin LDOUSDTM	+0.0100%	8h	$2.5M	$4.0M	50x	as long as short
Bitget LDOUSDT	+0.0100%	8h	$3.3M	$3.7M	75x	as long as short
BingX LDO-USDT	+0.0100%	8h	—	$4.8M	—	as long as short
SunX LDO-USDT	+0.0100%	8h	$1K	$1.4M	20x	as long as short
Extended LDO-USD	+0.0104%	1h	$259K	$1.0M	25x	as long as short
Aevo LDO-PERP	+0.0104%	1h	$38K	—	3x	as long as short
GMX LDO/USD [ETH-USDC]	L +0.0296% / S −0.0174%	1h	$23K	—	100x	as long as short
Reya LDORUSDPERP	+0.0323%	1h	$300K	—	15x	as long as short