Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.052%
Price spread now: Deribit against Hyperliquid−0.082%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.082% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid LDO | 0.4286 | 0.0100 | pay 0.0013% / 1h | 57m 16s | $11.7M | $3.2M | 5x |
| Short | Deribit LDO_USDC-PERPETUAL | 0.4283 | 0 | get 0.0000% / 1h | 57m 16s | $7K | $20K | 25x |
Hyperliquid LDO
Deribit LDO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: −0.082% → 0.000%
- −$8.17
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$45.17
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 5 min ago; Deribit: no order-book sample. Net counts fees only.
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 Hyperliquid live order book, 5 min ago | 1.52 bp | 8.8 bp −$9 | 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 on 29 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International LDO-PERP-INTX | −0.0352% | 1h | 0.4268 | −0.432% | $119K | $41K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4286 | −0.019% | $83K | $5K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUALshort | 0.0000% | 1h | 0.4283 | −0.082% | $7K | $20K | 25x | |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −4.118% | $4K | $13 | 12x | as long as short |
| BloFin LDO-USDT | +0.0078% | 8h | 0.4287 | +0.012% | $909K | $253K | 75x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4282 | −0.106% | $3K | — | 20x | as long as short |
| Hyperliquid LDOlong | +0.0100% | 1h | 0.4286 | long leg | $11.7M | $3.2M | 5x | |
| Aster LDOUSDT | +0.0100% | 8h | 0.4290 | +0.081% | $169K | $120K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4288 | +0.031% | $110K | $26K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4285 | −0.045% | $18.0M | $30.8M | 75x | as long as short |
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Injective LDO/USDC PERP
BloFin LDO-USDT
Paradex LDO-USD-PERP
Aster LDOUSDT
Pacifica LDO
Binance LDOUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit LDOUSDT | +0.0100% | 8h | 0.4279 | −0.175% | $16.1M | $9.9M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4280 | −0.152% | $4.0M | $6.8M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4286 | −0.012% | $1.5M | $1.0M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4283 | −0.082% | $7.7M | $6.3M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4285 | −0.035% | $2.8M | $3.7M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4282 | −0.105% | $3.3M | $3.1M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4284 | −0.058% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4285 | −0.028% | $91K | $176K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4284 | −0.064% | $201K | $60K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4285 | −0.036% | $307K | $3.4M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4290 | +0.082% | $33K | $640K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4285 | −0.026% | $23K | $508K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4384 | +2.275% | $2K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4279 | −0.168% | $260K | $1.3M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4283 | −0.082% | $38K | — | 3x | as long as short |
| Lighter LDO | +0.0256% | 1h | 0.4297 | +0.240% | $876K | $244K | 10x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0319% / S −0.0201% | 1h | 0.4282 | −0.098% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0341% | 1h | 0.4281 | −0.138% | $299K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0393% | 1h | 0.4286 | −0.005% | $1.2M | $677K | 50x | as long as short |
Bybit LDOUSDT
OKX LDO-USDT-SWAP
Gate LDO_USDT
MEXC LDO_USDT
KuCoin LDOUSDTM
Bitget LDOUSDT
BingX LDO-USDT
Backpack LDO_USDC_PERP
Variational Omni LDO
GRVT LDO_USDT_Perp
ApeX Omni LDOUSDT
Polymarket Perps LDO-USD
SunX LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
Lighter LDO
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Kraken Futures PF_LDOUSD