Spread before costs (cost unknown: a leg has no order-book sample)+0.014%
7d average—if it closes, per $10,000$1funding while held, a day−$0.03
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid LDO | 0.4351 | 0.0100 | pay 0.0013% / 1h | 22m 03s | $12.3M | $3.6M | 5x |
| Short | Paradex LDO-USD-PERP | 0.4352 | 0.0099 | get 0.0099% / 8h | 7h 22m | $3K | $56 | 20x |
Hyperliquid LDO
Paradex LDO-USD-PERPPrice 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
- $1.38
- Funding while held
- −$0.03
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$11.66
- Spread needed to break even
- 0.130%
Slippage unknown: Hyperliquid: live order book, 2 min ago; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0001%
- Per $10,000 a day
- −$0.03
- 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 Hyperliquid live order book, 2 min ago | 1.26 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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.Coinbase International0.4325cheapestReya0.4344+0.439%Bybit0.4344+0.439%OKX0.4344+0.439%Gate0.4345+0.462%BingX0.4345+0.462%Extended0.4346+0.496%Polymarket Perps0.4347+0.502%MEXC0.4347+0.509%Bitget0.4347+0.509%Binance0.4348+0.527%Backpack0.4348+0.532%Aevo0.4349+0.555%GMX0.4349+0.565%Aster0.4349+0.565%Pacifica0.4350+0.575%ApeX Omni0.4350+0.578%BloFin0.4351+0.601%
Coinbase International
Reya
Bybit
OKX
Gate
BingX
Extended
Polymarket Perps
MEXC
Bitget
Binance
Backpack
Aevo
GMX
Aster
Pacifica
ApeX Omni
BloFinHyperliquid0.4351+0.610%
Variational Omni0.4352+0.614%KuCoin0.4352+0.624%Deribit0.4352+0.624%
Variational Omni
KuCoin
DeribitParadex0.4352+0.624%
dYdX0.4352+0.628%Kraken Futures0.4354+0.669%Lighter0.4356+0.728%Injective0.4380+1.272%SunX0.4455+3.006%
dYdX
Kraken Futures
Lighter
Injective
SunXLDO 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 | −0.607% | −0.1456% | 1h | $116K | $47K | 50x | as long as short |
| Reya LDORUSDPERP | −0.170% | +0.0326% | 1h | $303K | — | 15x | as long as short |
| Bybit LDOUSDT | −0.170% | +0.0025% | 8h | $16.6M | $13.2M | 50x | as long as short |
| OKX LDO-USDT-SWAP | −0.170% | +0.0100% | 8h | $4.0M | $9.9M | 50x | as long as short |
| Gate LDO_USDT | −0.147% | −0.0077% | 8h | $1.4M | $1.1M | 50x | as long as short |
| BingX LDO-USDT | −0.147% | +0.0100% | 8h | — | $4.9M | — | as long as short |
| Extended LDO-USD | −0.113% | +0.0104% | 1h | $262K | $1.0M | 25x | as long as short |
| Polymarket Perps LDO-USD | −0.108% | +0.0100% | 1h | $22K | $1.2M | 5x | as long as short |
| MEXC LDO_USDT | −0.101% | +0.0100% | 8h | $9.2M | $7.8M | 200x | as long as short |
| Bitget LDOUSDT | −0.101% | +0.0100% | 8h | $3.3M | $3.8M | 75x | as long as short |
Show all 28 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance LDOUSDT | −0.083% | +0.0100% | 8h | $18.2M | $40.1M | 75x | as long as short |
| Backpack LDO_USDC_PERP | −0.078% | +0.0100% | 1h | $85K | $200K | 10x | as long as short |
| Aevo LDO-PERP | −0.055% | +0.0104% | 1h | $38K | — | 3x | as long as short |
| GMX LDO/USD [ETH-USDC] | −0.045% | L +0.0305% / S −0.0184% | 1h | $24K | — | 100x | as long as short |
| Aster LDOUSDT | −0.045% | +0.0100% | 8h | $171K | $325K | 10x | as long as short |
| Pacifica LDO | −0.035% | +0.0100% | 1h | $112K | $188K | 10x | as long as short |
| ApeX Omni LDOUSDT | −0.032% | +0.0100% | 1h | $34K | $645K | 50x | as long as short |
| BloFin LDO-USDT | −0.009% | +0.0087% | 8h | $841K | $186K | 75x | as long as short |
| Hyperliquid LDOlong | 0.000% | +0.0100% | 1h | $12.3M | $3.6M | 5x | |
| Variational Omni LDO | +0.004% | +0.0100% | 8h | $222K | $157K | — | as long as short |
| KuCoin LDOUSDTM | +0.014% | +0.0100% | 8h | $2.7M | $4.2M | 50x | as long as short |
| Deribit LDO_USDC-PERPETUAL | +0.014% | 0.0000% | 1h | $3K | $10K | 25x | as long as short |
| Paradex LDO-USD-PERPshort | +0.014% | +0.0099% | 8h | $3K | $56 | 20x | |
| dYdX LDO-USD | +0.018% | 0.0000% | 1h | $84K | $17K | 5x | as long as short |
| Kraken Futures PF_LDOUSD | +0.059% | −0.0345% | 1h | $1.2M | $579K | 50x | as long as short |
| Lighter LDO | +0.117% | +0.0096% | 1h | $883K | $271K | 10x | as long as short |
| Injective LDO/USDC PERP | +0.657% | −0.0806% | 1h | $4K | $136K | 12x | as long as short |
| SunX LDO-USDT | +2.381% | +0.0100% | 8h | $1K | $1.5M | 20x | as long as short |