Spread before costs (cost unknown: a leg has no order-book sample)+1.147%
7d average+0.548%if it closes, per $10,000$115funding while held, a day+$2.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective LDO/USDC PERP | 0.4350 | 0.0033 | pay 0.0004% / 1h | 40m 19s | $4K | $177K | 12x |
| Short | Hyperliquid LDO | 0.4400 | 0.0100 | get 0.0013% / 1h | 40m 19s | $12.6M | $3.5M | 5x |
Injective LDO/USDC PERP
Hyperliquid LDOPrice 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
- $114.71
- Funding while held
- $2
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $107.69
- Spread needed to break even
- 0.090%
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0067%
- Per $10,000 a day
- +$2.00
- 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 Injective no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 4 min ago | 1.25 bp | 10.9 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
Injective: 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.Injective0.4350cheapest
Coinbase International0.4368+0.414%Variational Omni0.4385+0.795%Bybit0.4390+0.920%ApeX Omni0.4390+0.920%Backpack0.4391+0.945%Extended0.4391+0.953%Pacifica0.4392+0.962%Reya0.4392+0.963%OKX0.4392+0.966%Bitget0.4392+0.966%BloFin0.4392+0.966%Paradex0.4392+0.975%dYdX0.4393+0.990%Gate0.4394+1.011%MEXC0.4394+1.011%KuCoin0.4394+1.011%BingX0.4394+1.011%Aevo0.4394+1.022%Binance0.4395+1.034%Deribit0.4395+1.034%Polymarket Perps0.4395+1.037%Aster0.4395+1.045%GMX0.4396+1.063%Kraken Futures0.4398+1.093%
Coinbase International
Variational Omni
Bybit
ApeX Omni
Backpack
Extended
Pacifica
Reya
OKX
Bitget
BloFin
Paradex
dYdX
Gate
MEXC
KuCoin
BingX
Aevo
Binance
Deribit
Polymarket Perps
Aster
GMX
Kraken FuturesHyperliquid0.4400+1.147%
Lighter0.4402+1.198%SunX0.4497+3.379%
Lighter
SunXLDO on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective LDO/USDC PERPlong | 0.000% | +0.0033% | 1h | $4K | $177K | 12x | |
| Coinbase International LDO-PERP-INTX | +0.414% | −0.0768% | 1h | $117K | $35K | 50x | as long as short |
| Variational Omni LDO | +0.795% | +0.0090% | 8h | $227K | $157K | — | as long as short |
| Bybit LDOUSDT | +0.920% | +0.0082% | 8h | $16.8M | $12.3M | 50x | as long as short |
| ApeX Omni LDOUSDT | +0.920% | +0.0100% | 1h | $34K | $650K | 50x | as long as short |
| Backpack LDO_USDC_PERP | +0.945% | +0.0100% | 1h | $88K | $179K | 10x | as long as short |
| Extended LDO-USD | +0.953% | +0.0104% | 1h | $267K | $1.0M | 25x | as long as short |
| Pacifica LDO | +0.962% | +0.0100% | 1h | $113K | $188K | 10x | as long as short |
| Reya LDORUSDPERP | +0.963% | +0.0321% | 1h | $306K | — | 15x | as long as short |
| OKX LDO-USDT-SWAP | +0.966% | +0.0100% | 8h | $4.1M | $9.5M | 50x | as long as short |
Show all 28 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget LDOUSDT | +0.966% | +0.0100% | 8h | $3.4M | $3.6M | 75x | as long as short |
| BloFin LDO-USDT | +0.966% | +0.0123% | 8h | $918K | $164K | 75x | as long as short |
| Paradex LDO-USD-PERP | +0.975% | +0.0100% | 8h | $3K | $56 | 20x | as long as short |
| dYdX LDO-USD | +0.990% | 0.0000% | 1h | $84K | $21K | 5x | as long as short |
| Gate LDO_USDT | +1.011% | +0.0100% | 8h | $1.5M | $1.0M | 50x | as long as short |
| MEXC LDO_USDT | +1.011% | +0.0100% | 8h | $10.0M | $6.9M | 200x | as long as short |
| KuCoin LDOUSDTM | +1.011% | +0.0100% | 8h | $2.5M | $3.8M | 50x | as long as short |
| BingX LDO-USDT | +1.011% | +0.0100% | 8h | — | $7.1M | — | as long as short |
| Aevo LDO-PERP | +1.022% | +0.0104% | 1h | $39K | — | 3x | as long as short |
| Binance LDOUSDT | +1.034% | +0.0100% | 8h | $18.4M | $36.2M | 75x | as long as short |
| Deribit LDO_USDC-PERPETUAL | +1.034% | −0.0205% | 1h | $3K | $10K | 25x | as long as short |
| Polymarket Perps LDO-USD | +1.037% | +0.0100% | 1h | $27K | $1.4M | 5x | as long as short |
| Aster LDOUSDT | +1.045% | +0.0100% | 8h | $170K | $307K | 10x | as long as short |
| GMX LDO/USD [ETH-USDC] | +1.063% | L +0.0295% / S −0.0170% | 1h | $24K | — | 100x | as long as short |
| Kraken Futures PF_LDOUSD | +1.093% | +0.0253% | 1h | $1.2M | $535K | 50x | as long as short |
| Hyperliquid LDOshort | +1.147% | +0.0100% | 1h | $12.6M | $3.5M | 5x | |
| Lighter LDO | +1.198% | +0.0104% | 1h | $867K | $188K | 10x | as long as short |
| SunX LDO-USDT | +3.379% | +0.0100% | 8h | $1K | $1.4M | 20x | as long as short |