ArbiLayer

LDO arbitrage

live

Live Lido DAO price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread+0.05%Bybit → Variational · Perp–Perp
Best perp–perp spread+0.21%Bybit → Variational
Markets tracked1710 venues · 10 perp · 7 spot · 0 DEX
Price range0.28%$0.434 – $0.4352

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybit$0.434Variational logoVariational$0.4349 +0.21%+0.05% +0.22%— +0.031%— LS Chart →
OKX logoOKX$0.4341Variational logoVariational$0.4349 +0.18%+0.02% +0.20%— +0.054%— LS Chart →
MEXC logoMEXC$0.4342Variational logoVariational$0.4349 +0.16%+0.00% +0.16%— -0.002%— LS Chart →
Binance logoBinance$0.4343Variational logoVariational$0.4349 +0.14%-0.02% +0.14%— -0.003%— LS Chart →
Bitget logoBitget$0.4343Variational logoVariational$0.4349 +0.14%-0.02% +0.12%— -0.052%— LS Chart →
KuCoin logoKuCoin$0.4344Variational logoVariational$0.4349 +0.12%-0.04% +0.11%— -0.003%— LS Chart →
Bybit logoBybit$0.434Gate logoGate$0.4344 +0.09%-0.07% +0.12%— +0.073%— LS Chart →
Hyperliquid logoHyperliquid$0.4346Variational logoVariational$0.4349 +0.07%-0.09% +0.06%— -0.052%— LS Chart →
OKX logoOKX$0.4341Gate logoGate$0.4344 +0.07%-0.09% +0.10%— +0.095%— LS Chart →
Aster logoAster$0.4346Variational logoVariational$0.4349 +0.07%-0.09% +0.05%— -0.052%— LS Chart →
Bybit logoBybit$0.434Hyperliquid logoHyperliquid$0.4342 +0.05%-0.11% +0.07%— +0.083%— LS Chart →
Bybit logoBybit$0.434Binance logoBinance$0.4342 +0.05%-0.11% +0.06%— +0.034%— LS Chart →
MEXC logoMEXC$0.4342Gate logoGate$0.4344 +0.05%-0.11% +0.06%— +0.039%— LS Chart →
Gate logoGate$0.4347Variational logoVariational$0.4349 +0.05%-0.11% +0.03%— -0.041%— LS Chart →
OKX logoOKX$0.4341Hyperliquid logoHyperliquid$0.4342 +0.03%-0.13% +0.05%— +0.106%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

LDO price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
KuCoin logoKuCoinPerpetual · LDOUSDTMPerpetual $0.4341$0.4344$0.4343-0.07% -0.019%$8.88M
Bybit logoBybitPerpetual · LDOUSDTPerpetual $0.4339$0.434$0.434-0.14% -0.053%$7.96M
OKX logoOKXPerpetual · LDO-USDT-SWAPPerpetual $0.434$0.4341$0.4341-0.12% -0.076%$7.32M
MEXC logoMEXCPerpetual · LDO_USDTPerpetual $0.4341$0.4342$0.4342-0.09% -0.019%$5.19M
OKX logoOKXSpot · LDO-USDTSpot $0.4345$0.4349$0.4347+0.03% —$2.88M
Bybit logoBybitSpot · LDOUSDTSpot $0.4346$0.4348$0.4347+0.03% —$2.39M
Gate logoGatePerpetual · LDO_USDTPerpetual $0.4344$0.4347$0.43460.00% +0.019%$1.75M
Hyperliquid logoHyperliquidPerpetual · LDOPerpetual $0.4342$0.4346$0.4344-0.03% +0.030%$1.69M
Bitget logoBitgetPerpetual · LDOUSDTPerpetual $0.4341$0.4343$0.4342-0.08% +0.030%$1.54M
KuCoin logoKuCoinSpot · LDO-USDTSpot $0.4345$0.4349$0.4347+0.03% —$275.2K
Gate logoGateSpot · LDO_USDTSpot $0.4349$0.435$0.435+0.09% —$177.5K
Bitget logoBitgetSpot · LDOUSDTSpot $0.4345$0.4349$0.4347+0.03% —$170.2K
Variational logoVariationalPerpetual · LDOPerpetual $0.4349$0.4354$0.4352+0.14% -0.022%$88.5K
Binance logoBinancePerpetual · LDOUSDTPerpetual $0.4342$0.4343$0.4343-0.07% -0.019%—
Aster logoAsterPerpetual · LDOUSDTPerpetual $0.4339$0.4346$0.4343-0.07% +0.030%—
Binance logoBinanceSpot · LDOUSDTSpot $0.4347$0.4348$0.4347+0.05% ——
MEXC logoMEXCSpot · LDOUSDTSpot $0.4345$0.4347$0.4346+0.01% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

LDO arbitrage explained

Right now Lido DAO (LDO) trades on 10 venues we scan: 10 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.434 and the highest bid on Gate spot at $0.4349.

The widest LDO perpetual spread is between Bybit and Variational: long LDO on Bybit at $0.434 and short on Variational at $0.4349 for +0.21% gross, or +0.05% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.031% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best LDO route is to buy spot on MEXC and short the perpetual on Variational: +0.05% gross, -0.15% net, with -0.022% a day of funding on the short leg.

Spot–spot LDO arbitrage (buy on MEXC, withdraw, deposit and sell on Gate) shows +0.05% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small LDO gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: LDO funding rates · LDO spread charts · Lido DAO price · arbitrage scanner for all coins.

Is there a LDO arbitrage opportunity right now?

The best LDO route right now is to buy on Bybit → sell on Variational (Perp–Perp): +0.21% gross and +0.05% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest LDO?

Bybit (perp) has the lowest LDO ask at $0.434, and Gate (spot) the highest bid at $0.4349. Prices update every 15 seconds on this page.

How many exchanges list LDO?

ArbiLayer tracks 17 LDO markets on 10 venues: 10 perpetual, 7 spot and 0 DEX pools.

How do I arbitrage LDO without transferring coins?

Use two perpetual contracts: go long LDO on the cheaper exchange (Bybit now) and short it on the more expensive one (Variational), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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