LDO

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After costs, if the gap returns to its 7d average, $10k−$454

spread now−0.883%7d average−0.023%fees + slippage, in and out−$368spread needed3.684%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LDO_USDC_PERP	0.4339	0.0100	pay 0.0013% / 1h	5m 24s	$88K	$189K	10x
Short	Coinbase International LDO-PERP-INTX	0.4301	−0.1016	pay 0.0127% / 1h	5m 24s	$115K	$42K	50x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

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

Position, each leg$Hold forhoursFee BackpackbpFee Coinbase InternationalbpOrdersClose when spread is

Slippage from Backpack: live order book, 49 min ago; Coinbase International: live order book, 49 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Backpack live order book, 49 min ago	1.85 bp	14.3 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 49 min ago	34.94 bp	177.9 bp −$178	doesn't fit	doesn't fit	doesn't fit

against the cheapest. Click to use as the short leg.

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International LDO-PERP-INTXshort	−0.883%	−0.1016%	1h	$115K	$42K	50x
Paradex LDO-USD-PERP	−0.111%	+0.0100%	8h	$3K	$56	20x	as long as short
Extended LDO-USD	−0.076%	+0.0104%	1h	$260K	$1.0M	25x	as long as short
Bybit LDOUSDT	−0.076%	+0.0080%	8h	$16.5M	$12.5M	50x	as long as short
Reya LDORUSDPERP	−0.066%	+0.0323%	1h	$302K	—	15x	as long as short
OKX LDO-USDT-SWAP	−0.053%	+0.0100%	8h	$4.0M	$9.6M	50x	as long as short
Pacifica LDO	−0.047%	+0.0100%	1h	$111K	$188K	10x	as long as short
Binance LDOUSDT	−0.030%	+0.0100%	8h	$18.0M	$38.0M	75x	as long as short
Polymarket Perps LDO-USD	−0.025%	+0.0100%	1h	$27K	$1.5M	5x	as long as short
Variational Omni LDO	−0.014%	+0.0100%	8h	$223K	$154K	—	as long as short

Show all 28 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Gate LDO_USDT	−0.007%	+0.0100%	8h	$1.4M	$1.1M	50x	as long as short
MEXC LDO_USDT	−0.007%	+0.0100%	8h	$10.0M	$7.4M	200x	as long as short
Bitget LDOUSDT	−0.007%	+0.0100%	8h	$3.3M	$3.7M	75x	as long as short
BingX LDO-USDT	−0.007%	+0.0100%	8h	—	$4.9M	—	as long as short
Backpack LDO_USDC_PERPlong	0.000%	+0.0100%	1h	$88K	$189K	10x
GMX LDO/USD [ETH-USDC]	+0.008%	L +0.0299% / S −0.0177%	1h	$24K	—	100x	as long as short
dYdX LDO-USD	+0.011%	0.0000%	1h	$83K	$17K	5x	as long as short
KuCoin LDOUSDTM	+0.016%	+0.0100%	8h	$2.5M	$4.1M	50x	as long as short
Aster LDOUSDT	+0.033%	+0.0100%	8h	$168K	$312K	10x	as long as short
Deribit LDO_USDC-PERPETUAL	+0.039%	−0.0211%	1h	$3K	$10K	25x	as long as short
Aevo LDO-PERP	+0.065%	+0.0104%	1h	$38K	—	3x	as long as short
Hyperliquid LDO	+0.085%	+0.0100%	1h	$12.4M	$3.5M	5x	as long as short
Kraken Futures PF_LDOUSD	+0.107%	−0.0085%	1h	$1.2M	$547K	50x	as long as short
BloFin LDO-USDT	+0.108%	+0.0121%	8h	$832K	$153K	75x	as long as short
Lighter LDO	+0.207%	+0.0096%	1h	$882K	$283K	10x	as long as short
ApeX Omni LDOUSDT	+0.247%	+0.0100%	1h	$33K	$647K	50x	as long as short
Injective LDO/USDC PERP	+0.247%	−0.0430%	1h	$4K	$177K	12x	as long as short
SunX LDO-USDT	+2.390%	+0.0100%	8h	$2K	$1.4M	20x	as long as short