LDO

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.032%

7d average+0.036%if it closes, per $10,000$3funding while held, a day−$10.74

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya LDORUSDPERP	0.4307	0.0327	pay 0.0041% / 1h	20m 24s	$300K	—	15x
Short	Gate LDO_USDT	0.4308	−0.0031	pay 0.0031% / 8h	6h 20m	$1.4M	$1.2M	50x

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 ReyabpFee GatebpOrdersClose when spread is

Spread captured: $3.18
Funding while held: −$10.74
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$28.56
Spread needed to break even: 0.210%

Slippage unknown: Reya: no order-book sample; Gate: live order book, 3 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0358%
Per $10,000 a day: −$10.74
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 Reya no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	5.81 bp	24.3 bp −$24	157.2 bp −$1,572	doesn't fit	doesn't fit

Reya: 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	−3.869%	+0.0033%	1h	$4K	$92K	12x	as long as short
Coinbase International LDO-PERP-INTX	−0.688%	−0.1272%	1h	$113K	$49K	50x	as long as short
Bitget LDOUSDT	−0.061%	+0.0100%	8h	$3.3M	$3.8M	75x	as long as short
Extended LDO-USD	−0.041%	+0.0104%	1h	$259K	$1.0M	25x	as long as short
Bybit LDOUSDT	−0.038%	+0.0093%	8h	$16.6M	$13.4M	50x	as long as short
OKX LDO-USDT-SWAP	−0.038%	+0.0100%	8h	$4.0M	$9.6M	50x	as long as short
Backpack LDO_USDC_PERP	−0.033%	+0.0100%	1h	$85K	$196K	10x	as long as short
Variational Omni LDO	−0.006%	+0.0100%	8h	$206K	$166K	—	as long as short
Reya LDORUSDPERPlong	0.000%	+0.0327%	1h	$300K	—	15x
BloFin LDO-USDT	+0.009%	+0.0078%	8h	$830K	$187K	75x	as long as short

Show all 28 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Paradex LDO-USD-PERP	+0.009%	+0.0099%	8h	$3K	$56	20x	as long as short
Gate LDO_USDTshort	+0.032%	−0.0031%	8h	$1.4M	$1.2M	50x
MEXC LDO_USDT	+0.032%	+0.0100%	8h	$8.9M	$7.8M	200x	as long as short
BingX LDO-USDT	+0.032%	+0.0100%	8h	—	$5.0M	—	as long as short
Pacifica LDO	+0.045%	+0.0100%	1h	$111K	$188K	10x	as long as short
Deribit LDO_USDC-PERPETUAL	+0.055%	0.0000%	1h	$3K	$10K	25x	as long as short
GMX LDO/USD [ETH-USDC]	+0.060%	L +0.0308% / S −0.0189%	1h	$24K	—	100x	as long as short
Binance LDOUSDT	+0.067%	+0.0100%	8h	$17.9M	$39.8M	75x	as long as short
Aevo LDO-PERP	+0.067%	+0.0104%	1h	$38K	—	3x	as long as short
Kraken Futures PF_LDOUSD	+0.076%	+0.0126%	1h	$1.1M	$572K	50x	as long as short
KuCoin LDOUSDTM	+0.078%	+0.0100%	8h	$2.7M	$4.3M	50x	as long as short
Polymarket Perps LDO-USD	+0.092%	+0.0100%	1h	$23K	$900K	5x	as long as short
Aster LDOUSDT	+0.118%	+0.0100%	8h	$168K	$162K	10x	as long as short
Hyperliquid LDO	+0.118%	+0.0100%	1h	$12.0M	$3.7M	5x	as long as short
dYdX LDO-USD	+0.133%	0.0000%	1h	$83K	$17K	5x	as long as short
Lighter LDO	+0.241%	+0.0096%	1h	$875K	$269K	10x	as long as short
ApeX Omni LDOUSDT	+0.310%	+0.0073%	1h	$33K	$646K	50x	as long as short
SunX LDO-USDT	+2.377%	+0.0100%	8h	$2K	$1.5M	20x	as long as short

LDO