LDO

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.145%

7d average—if it closes, per $10,000$14funding while held, a day+$3.00

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LDO-USD	0.4356	0	get 0.0000% / 1h	28m 19s	$84K	$17K	5x
Short	Hyperliquid LDO	0.4362	0.0100	get 0.0013% / 1h	28m 19s	$12.3M	$3.6M	5x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

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

Profit calculator

Position, each leg$Hold forhoursFee dYdXbpFee HyperliquidbpOrdersClose when spread is

Spread captured: $14.49
Funding while held: $3
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$1.51
Spread needed to break even: 0.190%

Slippage unknown: dYdX: no order-book sample; Hyperliquid: live order book, 6 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0100%
Per $10,000 a day: +$3.00
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 dYdX no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 6 min ago	1.72 bp	11.4 bp −$11	doesn't fit	doesn't fit	doesn't fit

dYdX: 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

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International LDO-PERP-INTX	−0.691%	−0.1456%	1h	$116K	$46K	50x	as long as short
Variational Omni LDO	−0.215%	+0.0100%	8h	$221K	$157K	—	as long as short
Backpack LDO_USDC_PERP	−0.135%	+0.0100%	1h	$85K	$200K	10x	as long as short
Deribit LDO_USDC-PERPETUAL	−0.117%	−0.0209%	1h	$3K	$10K	25x	as long as short
BloFin LDO-USDT	−0.094%	+0.0121%	8h	$842K	$186K	75x	as long as short
Paradex LDO-USD-PERP	−0.079%	+0.0099%	8h	$3K	$56	20x	as long as short
Extended LDO-USD	−0.078%	+0.0104%	1h	$262K	$1.0M	25x	as long as short
Pacifica LDO	−0.071%	+0.0100%	1h	$112K	$188K	10x	as long as short
OKX LDO-USDT-SWAP	−0.071%	+0.0100%	8h	$4.0M	$9.9M	50x	as long as short
Gate LDO_USDT	−0.071%	−0.0088%	8h	$1.4M	$1.1M	50x	as long as short

Show all 28 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_LDOUSD	−0.061%	−0.0345%	1h	$1.2M	$579K	50x	as long as short
Bybit LDOUSDT	−0.048%	+0.0063%	8h	$16.6M	$13.2M	50x	as long as short
Bitget LDOUSDT	−0.048%	+0.0100%	8h	$3.3M	$3.8M	75x	as long as short
BingX LDO-USDT	−0.048%	+0.0100%	8h	—	$4.9M	—	as long as short
Reya LDORUSDPERP	−0.005%	+0.0326%	1h	$304K	—	15x	as long as short
Aster LDOUSDT	−0.002%	+0.0100%	8h	$171K	$324K	10x	as long as short
KuCoin LDOUSDTM	−0.002%	+0.0100%	8h	$2.7M	$4.3M	50x	as long as short
dYdX LDO-USDlong	0.000%	0.0000%	1h	$84K	$17K	5x
Aevo LDO-PERP	+0.009%	+0.0104%	1h	$39K	—	3x	as long as short
Binance LDOUSDT	+0.021%	+0.0100%	8h	$18.3M	$40.3M	75x	as long as short
MEXC LDO_USDT	+0.021%	+0.0100%	8h	$9.3M	$7.7M	200x	as long as short
Polymarket Perps LDO-USD	+0.060%	+0.0100%	1h	$22K	$1.2M	5x	as long as short
ApeX Omni LDOUSDT	+0.090%	+0.0100%	1h	$34K	$644K	50x	as long as short
GMX LDO/USD [ETH-USDC]	+0.100%	L +0.0305% / S −0.0184%	1h	$24K	—	100x	as long as short
Lighter LDO	+0.108%	+0.0096%	1h	$883K	$271K	10x	as long as short
Hyperliquid LDOshort	+0.145%	+0.0100%	1h	$12.3M	$3.6M	5x
Injective LDO/USDC PERP	+0.549%	−0.0806%	1h	$4K	$136K	12x	as long as short
SunX LDO-USDT	+2.179%	+0.0100%	8h	$2K	$1.5M	20x	as long as short

LDO