LDO

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.004%

7d average—if it closes, per $10,000$0funding while held, a day−$3.00

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LDO	0.4328	0.0100	pay 0.0013% / 1h	45m 26s	$111K	$188K	10x
Short	Deribit LDO_USDC-PERPETUAL	0.4328	0	get 0.0000% / 1h	45m 26s	$3K	$10K	25x

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 PacificabpFee DeribitbpOrdersClose when spread is

Spread captured: $0.42
Funding while held: −$3
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$17.58
Spread needed to break even: 0.150%

Slippage unknown: Pacifica: live order book, 54 min ago; Deribit: no order-book sample. 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 Pacifica live order book, 54 min ago	10.34 bp	19.6 bp −$20	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 28 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective LDO/USDC PERP	−1.336%	−0.5000%	1h	$4K	$57K	12x	as long as short
Coinbase International LDO-PERP-INTX	−0.897%	−0.1392%	1h	$113K	$50K	50x	as long as short
BloFin LDO-USDT	−0.227%	+0.0077%	8h	$826K	$215K	75x	as long as short
ApeX Omni LDOUSDT	−0.181%	+0.0100%	1h	$33K	$648K	50x	as long as short
Reya LDORUSDPERP	−0.120%	+0.0328%	1h	$301K	—	15x	as long as short
Extended LDO-USD	−0.120%	+0.0104%	1h	$260K	$1.0M	25x	as long as short
OKX LDO-USDT-SWAP	−0.111%	+0.0100%	8h	$4.0M	$9.5M	50x	as long as short
BingX LDO-USDT	−0.111%	+0.0100%	8h	—	$5.0M	—	as long as short
dYdX LDO-USD	−0.110%	0.0000%	1h	$83K	$17K	5x	as long as short
Paradex LDO-USD-PERP	−0.098%	+0.0100%	8h	$3K	$56	20x	as long as short

Show all 28 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget LDOUSDT	−0.088%	+0.0100%	8h	$3.3M	$3.7M	75x	as long as short
Bybit LDOUSDT	−0.065%	+0.0100%	8h	$16.7M	$13.4M	50x	as long as short
MEXC LDO_USDT	−0.065%	+0.0100%	8h	$9.2M	$7.9M	200x	as long as short
Binance LDOUSDT	−0.053%	+0.0100%	8h	$18.0M	$39.1M	75x	as long as short
Variational Omni LDO	−0.051%	+0.0100%	8h	$201K	$166K	—	as long as short
GMX LDO/USD [ETH-USDC]	−0.043%	L +0.0311% / S −0.0191%	1h	$24K	—	100x	as long as short
Gate LDO_USDT	−0.042%	+0.0031%	8h	$1.4M	$1.1M	50x	as long as short
KuCoin LDOUSDTM	−0.019%	+0.0100%	8h	$2.7M	$4.3M	50x	as long as short
Aevo LDO-PERP	−0.019%	+0.0104%	1h	$38K	—	3x	as long as short
Hyperliquid LDO	−0.014%	+0.0100%	1h	$12.1M	$3.5M	5x	as long as short
Kraken Futures PF_LDOUSD	−0.011%	−0.0462%	1h	$1.1M	$555K	50x	as long as short
Polymarket Perps LDO-USD	−0.007%	+0.0100%	1h	$23K	$792K	5x	as long as short
Pacifica LDOlong	0.000%	+0.0100%	1h	$111K	$188K	10x
Backpack LDO_USDC_PERP	+0.002%	−0.0062%	1h	$86K	$196K	10x	as long as short
Deribit LDO_USDC-PERPETUALshort	+0.004%	0.0000%	1h	$3K	$10K	25x
Aster LDOUSDT	+0.011%	+0.0100%	8h	$168K	$159K	10x	as long as short
Lighter LDO	+0.164%	+0.0096%	1h	$881K	$265K	10x	as long as short
SunX LDO-USDT	+2.292%	+0.0100%	8h	$2K	$1.5M	20x	as long as short

LDO