Spread before costs (cost unknown: a leg has no order-book sample)+0.048%
7d average+0.121%if it closes, per $10,000$5funding while held, a day+$0.51
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni LDO | 0.4353 | 0.0083 | pay 0.0083% / 8h | 2h 00m | $223K | $154K | — |
| Short | Hyperliquid LDO | 0.4355 | 0.0100 | get 0.0013% / 1h | 0m 15s | $12.4M | $3.5M | 5x |
Variational Omni LDO
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
- $4.82
- Funding while held
- $0.51
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$3.67
- Spread needed to break even
- 0.090%
Slippage unknown: Variational Omni: RFQ quote, 60 min ago; Hyperliquid: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0017%
- Per $10,000 a day
- +$0.51
- 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 Variational Omni RFQ quote, 60 min ago | 7.94 bp | doesn't fit | 44.2 bp −$442 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 1.03 bp | 13.1 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
LDO price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.4296cheapestBybit0.4346+1.164%Extended0.4347+1.197%Reya0.4348+1.220%OKX0.4349+1.234%Aevo0.4350+1.245%BingX0.4350+1.257%Injective0.4350+1.257%Deribit0.4350+1.257%Paradex0.4351+1.279%Binance0.4351+1.280%MEXC0.4351+1.280%Polymarket Perps0.4351+1.290%KuCoin0.4352+1.304%Pacifica0.4352+1.312%GMX0.4353+1.320%
Coinbase International
Bybit
Extended
Reya
OKX
Aevo
BingX
Injective
Deribit
Paradex
Binance
MEXC
Polymarket Perps
KuCoin
Pacifica
GMXVariational Omni0.4353+1.334%
Bitget0.4355+1.373%BloFin0.4355+1.373%
Bitget
BloFinHyperliquid0.4355+1.383%
Kraken Futures0.4356+1.388%dYdX0.4356+1.392%Backpack0.4357+1.413%Aster0.4358+1.438%Gate0.4358+1.443%Lighter0.4359+1.476%ApeX Omni0.4360+1.490%SunX0.4451+3.608%
Kraken Futures
dYdX
Backpack
Aster
Gate
Lighter
ApeX Omni
SunXLDO on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International LDO-PERP-INTX | −1.316% | −0.0768% | 1h | $115K | $32K | 50x | as long as short |
| Bybit LDOUSDT | −0.168% | +0.0054% | 8h | $16.6M | $12.6M | 50x | as long as short |
| Extended LDO-USD | −0.135% | +0.0104% | 1h | $261K | $1.0M | 25x | as long as short |
| Reya LDORUSDPERP | −0.112% | +0.0322% | 1h | $303K | — | 15x | as long as short |
| OKX LDO-USDT-SWAP | −0.099% | +0.0100% | 8h | $4.0M | $9.5M | 50x | as long as short |
| Aevo LDO-PERP | −0.087% | +0.0104% | 1h | $38K | — | 3x | as long as short |
| BingX LDO-USDT | −0.076% | +0.0100% | 8h | — | $4.8M | — | as long as short |
| Injective LDO/USDC PERP | −0.076% | +0.0033% | 1h | $4K | $177K | 12x | as long as short |
| Deribit LDO_USDC-PERPETUAL | −0.076% | −0.0439% | 1h | $3K | $10K | 25x | as long as short |
| Paradex LDO-USD-PERP | −0.054% | +0.0099% | 8h | $3K | $56 | 20x | as long as short |
Show all 28 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance LDOUSDT | −0.053% | +0.0100% | 8h | $18.1M | $37.5M | 75x | as long as short |
| MEXC LDO_USDT | −0.053% | +0.0100% | 8h | $10.0M | $7.2M | 200x | as long as short |
| Polymarket Perps LDO-USD | −0.044% | +0.0100% | 1h | $27K | $1.5M | 5x | as long as short |
| KuCoin LDOUSDTM | −0.030% | +0.0100% | 8h | $2.5M | $4.0M | 50x | as long as short |
| Pacifica LDO | −0.021% | +0.0100% | 1h | $112K | $189K | 10x | as long as short |
| GMX LDO/USD [ETH-USDC] | −0.013% | L +0.0296% / S −0.0173% | 1h | $24K | — | 100x | as long as short |
| Variational Omni LDOlong | 0.000% | +0.0083% | 8h | $223K | $154K | — | |
| Bitget LDOUSDT | +0.039% | +0.0100% | 8h | $3.4M | $3.8M | 75x | as long as short |
| BloFin LDO-USDT | +0.039% | +0.0119% | 8h | $835K | $150K | 75x | as long as short |
| Hyperliquid LDOshort | +0.048% | +0.0100% | 1h | $12.4M | $3.5M | 5x | |
| Kraken Futures PF_LDOUSD | +0.053% | +0.0255% | 1h | $1.2M | $542K | 50x | as long as short |
| dYdX LDO-USD | +0.057% | 0.0000% | 1h | $83K | $21K | 5x | as long as short |
| Backpack LDO_USDC_PERP | +0.078% | +0.0100% | 1h | $88K | $187K | 10x | as long as short |
| Aster LDOUSDT | +0.102% | +0.0100% | 8h | $169K | $312K | 10x | as long as short |
| Gate LDO_USDT | +0.108% | +0.0100% | 8h | $1.5M | $1.1M | 50x | as long as short |
| Lighter LDO | +0.140% | +0.0096% | 1h | $871K | $241K | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.154% | +0.0100% | 1h | $33K | $651K | 50x | as long as short |
| SunX LDO-USDT | +2.244% | +0.0100% | 8h | $2K | $1.4M | 20x | as long as short |