LDO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.04 per $10,000 · paid last 24h +0.374%

Price spread now: Deribit against Injective+4.745%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Deribit

What this pair did over the last

the charts below follow

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—needs both histories

The price spread pays, funding is against you. Deribit is 4.745% dearer against Injective than usual: you sell high and buy low (spread +4.745% now, against zero (this spread has no 7-day history yet)): +$474 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 16 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective LDO/USDC PERP	0.4110	0.0033	pay 0.0004% / 1h	13m 04s	$4K	$13	12x
Short	Deribit LDO_USDC-PERPETUAL	0.4305	0	get 0.0000% / 1h	13m 04s	$7K	$20K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee DeribitbpOrdersPrice spread, now +4.745%Rate

Funding earned: −$7
Price spread: +4.745% → 0.000%: $474.45
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $460.43
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Injective and 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	−0.0512%	1h	0.4304	+4.720%	$120K	$41K	50x	as long as short
dYdX LDO-USD	0.0000%	1h	0.4310	+4.870%	$83K	$5K	5x	as long as short
Deribit LDO_USDC-PERPETUALshort	0.0000%	1h	0.4305	+4.745%	$7K	$20K	25x
Injective LDO/USDC PERPlong	+0.0033%	1h	0.4110	long leg	$4K	$13	12x
Paradex LDO-USD-PERP	+0.0100%	8h	0.4307	+4.801%	$3K	—	20x	as long as short
Hyperliquid LDO	+0.0100%	1h	0.4303	+4.701%	$11.7M	$3.3M	5x	as long as short
Aster LDOUSDT	+0.0100%	8h	0.4310	+4.872%	$170K	$116K	10x	as long as short
Pacifica LDO	+0.0100%	1h	0.4311	+4.891%	$111K	$86K	10x	as long as short
Binance LDOUSDT	+0.0100%	8h	0.4302	+4.661%	$18.1M	$31.2M	75x	as long as short
Bybit LDOUSDT	+0.0100%	8h	0.4297	+4.550%	$16.1M	$10.0M	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX LDO-USDT-SWAP	+0.0100%	8h	0.4297	+4.550%	$4.0M	$7.0M	50x	as long as short
Gate LDO_USDT	+0.0100%	8h	0.4307	+4.793%	$1.5M	$1.0M	50x	as long as short
MEXC LDO_USDT	+0.0100%	8h	0.4302	+4.672%	$7.8M	$7.0M	200x	as long as short
KuCoin LDOUSDTM	+0.0100%	8h	0.4306	+4.769%	$2.8M	$3.9M	50x	as long as short
Bitget LDOUSDT	+0.0100%	8h	0.4300	+4.623%	$3.3M	$3.2M	75x	as long as short
BingX LDO-USDT	+0.0100%	8h	0.4305	+4.745%	—	$10.0M	—	as long as short
Backpack LDO_USDC_PERP	+0.0100%	1h	0.4302	+4.664%	$94K	$175K	10x	as long as short
Variational Omni LDO	+0.0100%	8h	0.4317	+5.040%	$203K	$62K	—	as long as short
GRVT LDO_USDT_Perp	+0.0100%	8h	0.4323	+5.182%	$306K	$3.3M	10x	as long as short
ApeX Omni LDOUSDT	+0.0100%	1h	0.4320	+5.109%	$33K	$640K	50x	as long as short
Polymarket Perps LDO-USD	+0.0100%	1h	0.4312	+4.910%	$23K	$530K	5x	as long as short
SunX LDO-USDT	+0.0100%	8h	0.4411	+7.324%	$2K	$1.2M	20x	as long as short
Extended LDO-USD	+0.0104%	1h	0.4296	+4.529%	$258K	$1.3M	25x	as long as short
Aevo LDO-PERP	+0.0104%	1h	0.4306	+4.769%	$38K	—	3x	as long as short
BloFin LDO-USDT	+0.0114%	8h	0.4306	+4.769%	$914K	$255K	75x	as long as short
GMX LDO/USD [ETH-USDC]	L +0.0320% / S −0.0201%	1h	0.4306	+4.768%	$24K	—	100x	as long as short
Reya LDORUSDPERP	+0.0339%	1h	0.4305	+4.740%	$300K	—	15x	as long as short
Lighter LDO	+0.0432%	1h	0.4313	+4.937%	$876K	$265K	10x	as long as short
Kraken Futures PF_LDOUSD	+0.0574%	1h	0.4307	+4.795%	$1.2M	$678K	50x	as long as short