LDO

Alert

After costs, if the gap returns to its 7d average, $10k−$54

spread now−0.181%7d average+0.009%fees + slippage, in and out−$35spread needed0.354%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LDO_USDC_PERP	0.4358	0.0100	pay 0.0013% / 1h	25m 08s	$86K	$200K	10x
Short	MEXC LDO_USDT	0.4350	0.0100	get 0.0100% / 8h	7h 25m	$9.3M	$7.7M	200x

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 MEXCbpOrdersClose when spread is

Slippage from Backpack: live order book, 20 min ago; MEXC: live order book, 4 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, 20 min ago	2.18 bp	15.9 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.15 bp	4.3 bp −$4	10.0 bp −$100	86.9 bp −$8,695	147.4 bp −$73.7K

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
OKX LDO-USDT-SWAP	−0.388%	+0.0100%	8h	$4.0M	$9.9M	50x	as long as short
Bybit LDOUSDT	−0.319%	+0.0040%	8h	$16.6M	$13.2M	50x	as long as short
Bitget LDOUSDT	−0.227%	+0.0100%	8h	$3.3M	$3.8M	75x	as long as short
MEXC LDO_USDTshort	−0.181%	+0.0100%	8h	$9.3M	$7.7M	200x
BloFin LDO-USDT	−0.181%	+0.0075%	8h	$839K	$186K	75x	as long as short
Binance LDOUSDT	−0.156%	+0.0100%	8h	$18.2M	$40.2M	75x	as long as short
Variational Omni LDO	−0.145%	+0.0100%	8h	$222K	$157K	—	as long as short
Reya LDORUSDPERP	−0.142%	+0.0326%	1h	$303K	—	15x	as long as short
Extended LDO-USD	−0.140%	+0.0104%	1h	$262K	$1.0M	25x	as long as short
Aevo LDO-PERP	−0.115%	+0.0104%	1h	$39K	—	3x	as long as short

Show all 28 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Paradex LDO-USD-PERP	−0.090%	+0.0099%	8h	$3K	$56	20x	as long as short
Polymarket Perps LDO-USD	−0.071%	+0.0100%	1h	$22K	$1.2M	5x	as long as short
Pacifica LDO	−0.068%	+0.0100%	1h	$112K	$188K	10x	as long as short
BingX LDO-USDT	−0.067%	+0.0100%	8h	—	$4.9M	—	as long as short
Deribit LDO_USDC-PERPETUAL	−0.067%	0.0000%	1h	$3K	$10K	25x	as long as short
Gate LDO_USDT	−0.044%	−0.0115%	8h	$1.4M	$1.1M	50x	as long as short
KuCoin LDOUSDTM	−0.021%	+0.0100%	8h	$2.7M	$4.3M	50x	as long as short
GMX LDO/USD [ETH-USDC]	−0.021%	L +0.0305% / S −0.0184%	1h	$24K	—	100x	as long as short
Kraken Futures PF_LDOUSD	−0.018%	−0.0345%	1h	$1.2M	$579K	50x	as long as short
Hyperliquid LDO	−0.011%	+0.0100%	1h	$12.3M	$3.6M	5x	as long as short
Backpack LDO_USDC_PERPlong	0.000%	+0.0100%	1h	$86K	$200K	10x
Aster LDOUSDT	+0.034%	+0.0100%	8h	$171K	$324K	10x	as long as short
Lighter LDO	+0.034%	+0.0096%	1h	$883K	$271K	10x	as long as short
ApeX Omni LDOUSDT	+0.048%	+0.0100%	1h	$34K	$645K	50x	as long as short
dYdX LDO-USD	+0.049%	0.0000%	1h	$84K	$17K	5x	as long as short
Coinbase International LDO-PERP-INTX	+0.186%	−0.1456%	1h	$117K	$47K	50x	as long as short
Injective LDO/USDC PERP	+0.507%	−0.0806%	1h	$4K	$136K	12x	as long as short
SunX LDO-USDT	+2.274%	+0.0100%	8h	$2K	$1.5M	20x	as long as short