Spread before costs (cost unknown: a leg has no order-book sample)−0.283%
7d average—if it closes, per $10,000$28funding while held, a day−$9.32
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack LDO_USDC_PERP | 0.4353 | 0.0100 | pay 0.0013% / 1h | 38m 24s | $86K | $198K | 10x |
| Short | Deribit LDO_USDC-PERPETUAL | 0.4341 | −0.0211 | pay 0.0026% / 1h | 38m 24s | $3K | $10K | 25x |
Backpack LDO_USDC_PERP
Deribit LDO_USDC-PERPETUALPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$28.25
- Funding while held
- −$9.32
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$54.57
- Spread needed to break even
- 0.170%
Slippage unknown: Backpack: live order book, 1 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0311%
- Per $10,000 a day
- −$9.32
- Average in range /8h
- —
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 Backpack live order book, 1 min ago | 2.64 bp | 15.1 bp −$15 | 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 price on every exchange
against the cheapest. Click to use as the short leg.OKX0.4335cheapestBitget0.4336+0.023%Extended0.4336+0.034%Reya0.4337+0.036%Bybit0.4337+0.046%BingX0.4337+0.046%Coinbase International0.4337+0.046%Gate0.4338+0.069%Aevo0.4339+0.081%Binance0.4339+0.088%MEXC0.4339+0.092%KuCoin0.4340+0.115%Polymarket Perps0.4340+0.120%
OKX
Bitget
Extended
Reya
Bybit
BingX
Coinbase International
Gate
Aevo
Binance
MEXC
KuCoin
Polymarket PerpsDeribit0.4341+0.138%
Hyperliquid0.4342+0.168%GMX0.4343+0.181%Aster0.4344+0.216%Paradex0.4344+0.218%Pacifica0.4345+0.231%dYdX0.4346+0.259%Variational Omni0.4353+0.409%Lighter0.4353+0.411%
Hyperliquid
GMX
Aster
Paradex
Pacifica
dYdX
Variational Omni
LighterBackpack0.4353+0.422%
Kraken Futures0.4355+0.455%BloFin0.4356+0.484%ApeX Omni0.4360+0.577%Injective0.4380+1.038%SunX0.4439+2.399%
Kraken Futures
BloFin
ApeX Omni
Injective
SunXLDO on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX LDO-USDT-SWAP | −0.420% | +0.0100% | 8h | $4.0M | $9.7M | 50x | as long as short |
| Bitget LDOUSDT | −0.397% | +0.0100% | 8h | $3.3M | $3.8M | 75x | as long as short |
| Extended LDO-USD | −0.386% | +0.0104% | 1h | $261K | $1.0M | 25x | as long as short |
| Reya LDORUSDPERP | −0.385% | +0.0327% | 1h | $302K | — | 15x | as long as short |
| Bybit LDOUSDT | −0.374% | +0.0064% | 8h | $16.8M | $13.4M | 50x | as long as short |
| BingX LDO-USDT | −0.374% | +0.0100% | 8h | — | $4.9M | — | as long as short |
| Coinbase International LDO-PERP-INTX | −0.374% | −0.1272% | 1h | $114K | $49K | 50x | as long as short |
| Gate LDO_USDT | −0.351% | −0.0023% | 8h | $1.5M | $1.2M | 50x | as long as short |
| Aevo LDO-PERP | −0.340% | +0.0104% | 1h | $38K | — | 3x | as long as short |
| Binance LDOUSDT | −0.333% | +0.0100% | 8h | $18.0M | $39.8M | 75x | as long as short |
Show all 28 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC LDO_USDT | −0.328% | +0.0100% | 8h | $8.7M | $7.5M | 200x | as long as short |
| KuCoin LDOUSDTM | −0.306% | +0.0100% | 8h | $2.7M | $4.3M | 50x | as long as short |
| Polymarket Perps LDO-USD | −0.301% | +0.0100% | 1h | $23K | $900K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUALshort | −0.283% | −0.0211% | 1h | $3K | $10K | 25x | |
| Hyperliquid LDO | −0.253% | +0.0100% | 1h | $12.2M | $3.7M | 5x | as long as short |
| GMX LDO/USD [ETH-USDC] | −0.241% | L +0.0308% / S −0.0187% | 1h | $24K | — | 100x | as long as short |
| Aster LDOUSDT | −0.205% | +0.0100% | 8h | $169K | $164K | 10x | as long as short |
| Paradex LDO-USD-PERP | −0.204% | +0.0099% | 8h | $3K | $56 | 20x | as long as short |
| Pacifica LDO | −0.191% | +0.0100% | 1h | $112K | $188K | 10x | as long as short |
| dYdX LDO-USD | −0.163% | 0.0000% | 1h | $84K | $17K | 5x | as long as short |
| Variational Omni LDO | −0.013% | +0.0100% | 8h | $209K | $165K | — | as long as short |
| Lighter LDO | −0.011% | +0.0096% | 1h | $881K | $268K | 10x | as long as short |
| Backpack LDO_USDC_PERPlong | 0.000% | +0.0100% | 1h | $86K | $198K | 10x | |
| Kraken Futures PF_LDOUSD | +0.033% | +0.0125% | 1h | $1.2M | $568K | 50x | as long as short |
| BloFin LDO-USDT | +0.062% | +0.0099% | 8h | $840K | $188K | 75x | as long as short |
| ApeX Omni LDOUSDT | +0.154% | +0.0032% | 1h | $33K | $646K | 50x | as long as short |
| Injective LDO/USDC PERP | +0.613% | +0.0033% | 1h | $4K | $92K | 12x | as long as short |
| SunX LDO-USDT | +1.969% | +0.0100% | 8h | $1K | $1.5M | 20x | as long as short |