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 → Gate · Perp–Perp
Best perp–perp spread+0.11%Bybit → Gate
Markets tracked1710 venues · 10 perp · 7 spot · 0 DEX
Price range0.23%$0.438 – $0.439

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybit$0.438Gate logoGate$0.4385 +0.11%-0.05% +0.13%— +0.058%— LS Chart →
Bybit logoBybit$0.438Hyperliquid logoHyperliquid$0.4384 +0.10%-0.06% +0.11%— +0.058%— LS Chart →
OKX logoOKX$0.4381Gate logoGate$0.4385 +0.09%-0.07% +0.13%— +0.123%— LS Chart →
OKX logoOKX$0.4381Hyperliquid logoHyperliquid$0.4384 +0.08%-0.08% +0.11%— +0.123%— LS Chart →
Bitget logoBitget$0.4382Gate logoGate$0.4385 +0.07%-0.09% +0.07%— 0.000%— LS Chart →
Bitget logoBitget$0.4382Hyperliquid logoHyperliquid$0.4384 +0.05%-0.11% +0.05%— 0.000%— LS Chart →
Bybit logoBybit$0.438Binance logoBinance$0.4382 +0.05%-0.11% +0.05%— +0.017%— LS Chart →
Bybit logoBybit$0.438MEXC logoMEXC$0.4382 +0.05%-0.11% +0.05%— +0.017%— LS Chart →
Bybit logoBybit$0.438Variational logoVariational$0.4382 +0.05%-0.11% +0.05%— +0.007%— LS Chart →
Binance logoBinance$0.4383Gate logoGate$0.4385 +0.05%-0.11% +0.06%— +0.041%— LS Chart →
MEXC logoMEXC$0.4383Gate logoGate$0.4385 +0.05%-0.11% +0.06%— +0.042%— LS Chart →
KuCoin logoKuCoin$0.4383Gate logoGate$0.4385 +0.05%-0.11% +0.07%— +0.060%— LS Chart →
Binance logoBinance$0.4383Hyperliquid logoHyperliquid$0.4384 +0.03%-0.13% +0.04%— +0.041%— LS Chart →
MEXC logoMEXC$0.4383Hyperliquid logoHyperliquid$0.4384 +0.03%-0.13% +0.04%— +0.042%— LS Chart →
KuCoin logoKuCoin$0.4383Hyperliquid logoHyperliquid$0.4384 +0.03%-0.13% +0.04%— +0.060%— 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 $0.4381$0.4383$0.4382-0.08% -0.030%$8.57M
Bybit logoBybitPerpetual · LDOUSDTPerpetual $0.4379$0.438$0.438-0.14% -0.028%$7.78M
OKX logoOKXPerpetual · LDO-USDT-SWAPPerpetual $0.438$0.4381$0.4381-0.11% -0.093%$7.47M
MEXC logoMEXCPerpetual · LDO_USDTPerpetual $0.4382$0.4383$0.4383-0.07% -0.012%$5.50M
OKX logoOKXSpot · LDO-USDTSpot $0.4386$0.4388$0.4387+0.03% —$2.81M
Bybit logoBybitSpot · LDOUSDTSpot $0.4386$0.4387$0.4387+0.02% —$2.41M
Hyperliquid logoHyperliquidPerpetual · LDOPerpetual $0.4384$0.4389$0.4387+0.03% +0.030%$1.97M
Gate logoGatePerpetual · LDO_USDTPerpetual $0.4385$0.4386$0.43860.00% +0.030%$1.78M
Bitget logoBitgetPerpetual · LDOUSDTPerpetual $0.438$0.4382$0.4381-0.10% +0.030%$1.52M
KuCoin logoKuCoinSpot · LDO-USDTSpot $0.4384$0.4387$0.43860.00% —$275.0K
Gate logoGateSpot · LDO_USDTSpot $0.4388$0.4391$0.439+0.09% —$179.2K
Bitget logoBitgetSpot · LDOUSDTSpot $0.4386$0.439$0.4388+0.06% —$175.9K
Variational logoVariationalPerpetual · LDOPerpetual $0.4382$0.4388$0.4385-0.01% -0.021%$88.7K
Binance logoBinancePerpetual · LDOUSDTPerpetual $0.4382$0.4383$0.4383-0.07% -0.011%—
Aster logoAsterPerpetual · LDOUSDTPerpetual $0.4379$0.4387$0.4383-0.06% +0.030%—
Binance logoBinanceSpot · LDOUSDTSpot $0.4386$0.4387$0.4387+0.02% ——
MEXC logoMEXCSpot · LDOUSDTSpot $0.4386$0.4387$0.4387+0.02% ——
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 $0.438 and the highest bid on Gate spot at $0.4388.

The widest LDO perpetual spread is between Bybit and Gate: long LDO on Bybit at $0.438 and short on Gate at $0.4385 for +0.11% 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 +0.058% 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 Binance and short the perpetual on Gate: -0.05% gross, -0.25% net, with +0.030% a day of funding on the short leg.

Spot–spot LDO arbitrage (buy on Binance, withdraw, deposit and sell on Gate) shows +0.02% 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 Gate (Perp–Perp): +0.11% gross and -0.05% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest LDO?

Bybit (perp) has the lowest LDO ask at $0.438, and Gate (spot) the highest bid at $0.4388. 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 (Gate), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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