Spread before costs (cost unknown: a leg has no order-book sample)−0.174%
7d average—if it closes, per $10,000$17funding while held, a day+$0.03
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex LDO-USD-PERP | 0.4328 | 0.0099 | pay 0.0099% / 8h | 6h 34m | $3K | $56 | 20x |
| Short | Backpack LDO_USDC_PERP | 0.4321 | 0.0100 | get 0.0013% / 1h | 34m 05s | $85K | $198K | 10x |
Paradex LDO-USD-PERP
Backpack LDO_USDC_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
- −$17.41
- Funding while held
- $0.03
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$31.38
- Spread needed to break even
- 0.140%
Slippage unknown: Paradex: no order-book sample; Backpack: live order book, 6 min ago. 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 6 min ago | 2.64 bp | 11.2 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
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.Injective0.4140cheapestBybit0.4308+4.058%OKX0.4310+4.106%Gate0.4318+4.300%Bitget0.4318+4.300%BingX0.4318+4.300%Extended0.4320+4.347%MEXC0.4320+4.348%Binance0.4320+4.349%
Injective
Bybit
OKX
Gate
Bitget
BingX
Extended
MEXC
BinanceBackpack0.4321+4.370%
Reya0.4322+4.391%Hyperliquid0.4322+4.401%Aevo0.4324+4.432%Deribit0.4324+4.444%KuCoin0.4325+4.469%Coinbase International0.4325+4.469%Kraken Futures0.4325+4.471%GMX0.4326+4.488%Aster0.4326+4.490%Polymarket Perps0.4327+4.524%
Reya
Hyperliquid
Aevo
Deribit
KuCoin
Coinbase International
Kraken Futures
GMX
Aster
Polymarket PerpsParadex0.4328+4.552%
Pacifica0.4330+4.589%dYdX0.4330+4.596%Lighter0.4332+4.633%Variational Omni0.4333+4.658%BloFin0.4337+4.758%ApeX Omni0.4360+5.314%SunX0.4426+6.908%
Pacifica
dYdX
Lighter
Variational Omni
BloFin
ApeX Omni
SunXLDO on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective LDO/USDC PERP | −4.353% | +0.0033% | 1h | $4K | $92K | 12x | as long as short |
| Bybit LDOUSDT | −0.472% | +0.0096% | 8h | $16.7M | $13.5M | 50x | as long as short |
| OKX LDO-USDT-SWAP | −0.426% | +0.0100% | 8h | $4.0M | $9.6M | 50x | as long as short |
| Gate LDO_USDT | −0.241% | −0.0018% | 8h | $1.4M | $1.2M | 50x | as long as short |
| Bitget LDOUSDT | −0.241% | +0.0100% | 8h | $3.3M | $3.8M | 75x | as long as short |
| BingX LDO-USDT | −0.241% | +0.0100% | 8h | — | $4.9M | — | as long as short |
| Extended LDO-USD | −0.196% | +0.0104% | 1h | $261K | $1.0M | 25x | as long as short |
| MEXC LDO_USDT | −0.195% | +0.0100% | 8h | $8.9M | $7.7M | 200x | as long as short |
| Binance LDOUSDT | −0.194% | +0.0100% | 8h | $17.9M | $39.9M | 75x | as long as short |
| Backpack LDO_USDC_PERPshort | −0.174% | +0.0100% | 1h | $85K | $198K | 10x |
Show all 28 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya LDORUSDPERP | −0.153% | +0.0327% | 1h | $301K | — | 15x | as long as short |
| Hyperliquid LDO | −0.144% | +0.0100% | 1h | $12.1M | $3.7M | 5x | as long as short |
| Aevo LDO-PERP | −0.114% | +0.0104% | 1h | $38K | — | 3x | as long as short |
| Deribit LDO_USDC-PERPETUAL | −0.102% | 0.0000% | 1h | $3K | $10K | 25x | as long as short |
| KuCoin LDOUSDTM | −0.079% | +0.0100% | 8h | $2.7M | $4.3M | 50x | as long as short |
| Coinbase International LDO-PERP-INTX | −0.079% | −0.1272% | 1h | $114K | $49K | 50x | as long as short |
| Kraken Futures PF_LDOUSD | −0.077% | +0.0126% | 1h | $1.1M | $573K | 50x | as long as short |
| GMX LDO/USD [ETH-USDC] | −0.061% | L +0.0308% / S −0.0188% | 1h | $24K | — | 100x | as long as short |
| Aster LDOUSDT | −0.059% | +0.0100% | 8h | $169K | $162K | 10x | as long as short |
| Polymarket Perps LDO-USD | −0.026% | +0.0100% | 1h | $23K | $900K | 5x | as long as short |
| Paradex LDO-USD-PERPlong | 0.000% | +0.0099% | 8h | $3K | $56 | 20x | |
| Pacifica LDO | +0.036% | +0.0100% | 1h | $111K | $188K | 10x | as long as short |
| dYdX LDO-USD | +0.042% | 0.0000% | 1h | $84K | $17K | 5x | as long as short |
| Lighter LDO | +0.078% | +0.0096% | 1h | $877K | $268K | 10x | as long as short |
| Variational Omni LDO | +0.101% | +0.0100% | 8h | $208K | $165K | — | as long as short |
| BloFin LDO-USDT | +0.198% | +0.0092% | 8h | $840K | $188K | 75x | as long as short |
| ApeX Omni LDOUSDT | +0.729% | +0.0079% | 1h | $33K | $646K | 50x | as long as short |
| SunX LDO-USDT | +2.254% | +0.0100% | 8h | $2K | $1.5M | 20x | as long as short |