# LDO Arbitrage: Live Price Spreads Across Exchanges

As of 2026-10-04 06:57 UTC, ArbTide tracks LDO spot and perpetual prices across exchanges. On spot markets, the best route has a 0.02% gross spread, which fees turn into a -0.28% net loss. On perpetual markets, the best route has a 0.10% gross spread, which fees turn into a -0.22% net loss.

## Spot prices by exchange

| Exchange | Market | Bid | Ask | Book spread | 24h volume | Taker fee |
| --- | --- | --- | --- | --- | --- | --- |
| KuCoin | [LDO/USDT](https://www.kucoin.com/trade/LDO-USDT) | 0.4578 | 0.4582 | 0.087% | $371.2K | 0.100% |
| Bitstamp | [LDO/USD](https://www.bitstamp.net/markets/ldo/usd/) | 0.458 | 0.4582 | 0.044% | $100.9K | 0.400% |
| Binance | [LDO/USDT](https://www.binance.com/en/trade/LDO_USDT?type=spot) | 0.4581 | 0.4583 | 0.044% | $2.6M | 0.100% |
| Bybit | [LDO/USDT](https://www.bybit.com/en/trade/spot/LDO/USDT) | 0.4582 | 0.4583 | 0.022% | $940.6K | 0.100% |
| Bitget | [LDO/USDT](https://www.bitget.com/spot/LDOUSDT) | 0.4579 | 0.4583 | 0.087% | $116K | 0.200% |
| MEXC | [LDO/USDT](https://www.mexc.com/exchange/LDO_USDT) | 0.4582 | 0.4583 | 0.022% | $164.5K | 0.080% |
| WhiteBIT | LDO/USDT | 0.458 | 0.4583 | 0.065% | $1.3M | 0.100% |
| XT.COM | [LDO/USDT](https://www.xt.com/en/trade/ldo_usdt) | 0.4581 | 0.4583 | 0.044% | $157.7K | 0.200% |
| Toobit | [LDO/USDT](https://www.toobit.com/en-US/spot/LDO_USDT) | 0.4582 | 0.4583 | 0.022% | $983.4K | 0.100% |
| CEX.IO | [LDO/USD](https://trade.cex.io/spot/LDO-USD) | 0.45786 | 0.45834 | 0.105% | $47.8 | 0.100% |
| Gate | [LDO/USDT](https://www.gate.com/trade/LDO_USDT) | 0.4582 | 0.4584 | 0.044% | $90.9K | 0.200% |
| Crypto.com | [LDO/USD](https://crypto.com/exchange/trade/LDO_USD) | 0.4582 | 0.4584 | 0.044% | $24K | 0.500% |
| DigiFinex | [LDO/USDT](https://www.digifinex.com/en-ww/trade/USDT/LDO) | 0.4582 | 0.4584 | 0.044% | $123.7K | 0.200% |
| BTSE | [LDO/USD](https://www.btse.com/en/trading/LDO-USD) | 0.4578 | 0.4585 | 0.153% | $663.5K | 0.020% |
| WEEX | [LDO/USDT](https://www.weex.com/spot/LDO-USDT) | 0.4583 | 0.4585 | 0.044% | $39.1K | 0.100% |
| Revolut X | [LDO/USD](https://exchange.revolut.com/trade/LDO-USD) | 0.4577 | 0.4585 | 0.174% | $671.4 | 0.090% |
| OKX | [LDO/USDT](https://www.okx.com/trade-spot/ldo-usdt) | 0.4582 | 0.4586 | 0.087% | $804.4K | 0.150% |
| Deepcoin | [LDO/USDT](https://www.deepcoin.com/en/spot/LDO-USDT) | 0.4579 | 0.4586 | 0.153% | $8.4K | 0.150% |
| BingX | [LDO/USDT](https://bingx.com/en/spot/LDOUSDT) | 0.4577 | 0.4587 | 0.218% | $200.8K | 0.100% |
| HitBTC | LDO/USDT | 0.45766 | 0.45873 | 0.233% | — | 0.250% |
| Kraken | [LDO/USD](https://pro.kraken.com/app/trade/ldo-usd) | 0.458 | 0.459 | 0.218% | $1.1M | 0.260% |
| BtcTurk | [LDO/USDT](https://kripto.btcturk.com/pro/al-sat/LDO_USDT) | 0.458 | 0.459 | 0.218% | $12.2K | 0.090% |
| HTX | [LDO/USDT](https://www.htx.com/trade/ldo_usdt) | 0.4583 | 0.4592 | 0.196% | $487.8K | 0.200% |

### Spot net spread for every exchange pair

Rows are where you buy at the ask, columns are where you sell at the bid; figures are after taker fees on every fill.

| Buy on ↓, sell on → | WEEX | HTX | Bybit | MEXC | Toobit | Gate | Crypto.com | DigiFinex | OKX | Binance | XT.COM | Bitstamp | WhiteBIT | Kraken | BtcTurk | Bitget | Deepcoin | CEX.IO | KuCoin | BTSE | Revolut X | BingX | HitBTC |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| KuCoin | -0.18% | -0.28% | -0.20% | -0.18% | -0.20% | -0.30% | -0.60% | -0.30% | -0.25% | -0.22% | -0.32% | -0.54% | -0.24% | -0.40% | -0.23% | -0.37% | -0.32% | -0.27% | — | -0.21% | -0.30% | -0.31% | -0.47% |
| Bitstamp | -0.48% | -0.58% | -0.50% | -0.48% | -0.50% | -0.60% | -0.90% | -0.60% | -0.55% | -0.52% | -0.62% | — | -0.54% | -0.70% | -0.53% | -0.67% | -0.62% | -0.57% | -0.59% | -0.51% | -0.60% | -0.61% | -0.77% |
| Binance | -0.20% | -0.30% | -0.22% | -0.20% | -0.22% | -0.32% | -0.62% | -0.32% | -0.27% | — | -0.34% | -0.57% | -0.27% | -0.43% | -0.26% | -0.39% | -0.34% | -0.30% | -0.31% | -0.23% | -0.32% | -0.33% | -0.49% |
| Bybit | -0.20% | -0.30% | — | -0.20% | -0.22% | -0.32% | -0.62% | -0.32% | -0.27% | -0.24% | -0.34% | -0.57% | -0.27% | -0.43% | -0.26% | -0.39% | -0.34% | -0.30% | -0.31% | -0.23% | -0.32% | -0.33% | -0.49% |
| Bitget | -0.30% | -0.40% | -0.32% | -0.30% | -0.32% | -0.42% | -0.72% | -0.42% | -0.37% | -0.34% | -0.44% | -0.67% | -0.37% | -0.53% | -0.36% | — | -0.44% | -0.40% | -0.41% | -0.33% | -0.42% | -0.43% | -0.59% |
| MEXC | -0.18% | -0.28% | -0.20% | — | -0.20% | -0.30% | -0.60% | -0.30% | -0.25% | -0.22% | -0.32% | -0.55% | -0.25% | -0.41% | -0.24% | -0.37% | -0.32% | -0.28% | -0.29% | -0.21% | -0.30% | -0.31% | -0.47% |
| WhiteBIT | -0.20% | -0.30% | -0.22% | -0.20% | -0.22% | -0.32% | -0.62% | -0.32% | -0.27% | -0.24% | -0.34% | -0.57% | — | -0.43% | -0.26% | -0.39% | -0.34% | -0.30% | -0.31% | -0.23% | -0.32% | -0.33% | -0.49% |
| XT.COM | -0.30% | -0.40% | -0.32% | -0.30% | -0.32% | -0.42% | -0.72% | -0.42% | -0.37% | -0.34% | — | -0.67% | -0.37% | -0.53% | -0.36% | -0.49% | -0.44% | -0.40% | -0.41% | -0.33% | -0.42% | -0.43% | -0.59% |
| Toobit | -0.20% | -0.30% | -0.22% | -0.20% | — | -0.32% | -0.62% | -0.32% | -0.27% | -0.24% | -0.34% | -0.57% | -0.27% | -0.43% | -0.26% | -0.39% | -0.34% | -0.30% | -0.31% | -0.23% | -0.32% | -0.33% | -0.49% |
| CEX.IO | -0.21% | -0.31% | -0.23% | -0.21% | -0.23% | -0.33% | -0.63% | -0.33% | -0.28% | -0.25% | -0.35% | -0.57% | -0.27% | -0.43% | -0.26% | -0.40% | -0.35% | — | -0.32% | -0.24% | -0.33% | -0.34% | -0.50% |
| Gate | -0.32% | -0.42% | -0.34% | -0.32% | -0.34% | — | -0.74% | -0.44% | -0.39% | -0.37% | -0.47% | -0.69% | -0.39% | -0.55% | -0.38% | -0.51% | -0.46% | -0.42% | -0.43% | -0.35% | -0.44% | -0.45% | -0.61% |
| Crypto.com | -0.62% | -0.72% | -0.64% | -0.62% | -0.64% | -0.74% | — | -0.74% | -0.69% | -0.67% | -0.77% | -0.99% | -0.69% | -0.85% | -0.68% | -0.81% | -0.76% | -0.72% | -0.73% | -0.65% | -0.74% | -0.75% | -0.91% |
| DigiFinex | -0.32% | -0.42% | -0.34% | -0.32% | -0.34% | -0.44% | -0.74% | — | -0.39% | -0.37% | -0.47% | -0.69% | -0.39% | -0.55% | -0.38% | -0.51% | -0.46% | -0.42% | -0.43% | -0.35% | -0.44% | -0.45% | -0.61% |
| BTSE | -0.16% | -0.26% | -0.19% | -0.17% | -0.19% | -0.29% | -0.59% | -0.29% | -0.24% | -0.21% | -0.31% | -0.53% | -0.23% | -0.39% | -0.22% | -0.35% | -0.30% | -0.26% | -0.27% | — | -0.28% | -0.29% | -0.45% |
| WEEX | — | -0.34% | -0.27% | -0.25% | -0.27% | -0.37% | -0.67% | -0.37% | -0.32% | -0.29% | -0.39% | -0.61% | -0.31% | -0.47% | -0.30% | -0.43% | -0.38% | -0.34% | -0.35% | -0.27% | -0.36% | -0.37% | -0.53% |
| Revolut X | -0.23% | -0.33% | -0.26% | -0.24% | -0.26% | -0.36% | -0.66% | -0.36% | -0.31% | -0.28% | -0.38% | -0.60% | -0.30% | -0.46% | -0.29% | -0.42% | -0.37% | -0.33% | -0.34% | -0.26% | — | -0.36% | -0.52% |
| OKX | -0.32% | -0.42% | -0.34% | -0.32% | -0.34% | -0.44% | -0.74% | -0.44% | — | -0.36% | -0.46% | -0.68% | -0.38% | -0.54% | -0.37% | -0.50% | -0.45% | -0.41% | -0.42% | -0.34% | -0.44% | -0.45% | -0.60% |
| Deepcoin | -0.32% | -0.42% | -0.34% | -0.32% | -0.34% | -0.44% | -0.74% | -0.44% | -0.39% | -0.36% | -0.46% | -0.68% | -0.38% | -0.54% | -0.37% | -0.50% | — | -0.41% | -0.42% | -0.34% | -0.44% | -0.45% | -0.60% |
| BingX | -0.29% | -0.39% | -0.31% | -0.29% | -0.31% | -0.41% | -0.71% | -0.41% | -0.36% | -0.33% | -0.43% | -0.65% | -0.35% | -0.51% | -0.34% | -0.47% | -0.42% | -0.38% | -0.40% | -0.32% | -0.41% | — | -0.58% |
| HitBTC | -0.44% | -0.54% | -0.47% | -0.45% | -0.47% | -0.57% | -0.87% | -0.57% | -0.52% | -0.49% | -0.59% | -0.81% | -0.51% | -0.67% | -0.50% | -0.63% | -0.58% | -0.54% | -0.55% | -0.47% | -0.56% | -0.57% | — |
| Kraken | -0.51% | -0.61% | -0.53% | -0.51% | -0.53% | -0.63% | -0.93% | -0.63% | -0.58% | -0.56% | -0.66% | -0.88% | -0.58% | — | -0.57% | -0.70% | -0.65% | -0.61% | -0.62% | -0.54% | -0.63% | -0.64% | -0.80% |
| BtcTurk | -0.34% | -0.44% | -0.36% | -0.34% | -0.36% | -0.46% | -0.76% | -0.46% | -0.41% | -0.39% | -0.49% | -0.71% | -0.41% | -0.57% | — | -0.53% | -0.48% | -0.44% | -0.45% | -0.37% | -0.46% | -0.47% | -0.63% |
| HTX | -0.50% | — | -0.52% | -0.50% | -0.52% | -0.62% | -0.92% | -0.62% | -0.57% | -0.54% | -0.64% | -0.86% | -0.56% | -0.72% | -0.55% | -0.68% | -0.63% | -0.59% | -0.60% | -0.52% | -0.62% | -0.63% | -0.79% |

## Perpetual prices by exchange

| Exchange | Market | Bid | Ask | Book spread | 24h volume | Taker fee |
| --- | --- | --- | --- | --- | --- | --- |
| Bitget | [LDO/USDT:USDT](https://www.bitget.com/futures/usdt/LDOUSDT) | 0.4576 | 0.4577 | 0.022% | $1.2M | 0.060% |
| Bybit | [LDO/USDT:USDT](https://www.bybit.com/trade/usdt/LDOUSDT) | 0.4577 | 0.4578 | 0.022% | $5.3M | 0.060% |
| Extended | [LDO/USDC:USDC](https://app.extended.exchange/perp/LDO-USD) | 0.4573 | 0.4578 | 0.109% | $23.7K | 0.200% |
| Binance | [LDO/USDT:USDT](https://www.binance.com/en/futures/LDOUSDT) | 0.4578 | 0.4579 | 0.022% | $15.6M | 0.050% |
| MEXC | [LDO/USDT:USDT](https://www.mexc.com/futures/LDO_USDT) | 0.4578 | 0.4579 | 0.022% | $3.6M | 0.000% |
| WEEX | [LDO/USDT:USDT](https://www.weex.com/futures/LDO-USDT) | 0.4578 | 0.4579 | 0.022% | $1.1M | 0.080% |
| Deepcoin | [LDO/USDT:USDT](https://www.deepcoin.com/en/swap/LDO-USDT) | 0.4578 | 0.4579 | 0.022% | $2.9M | 0.150% |
| KuCoin | [LDO/USDT:USDT](https://www.kucoin.com/trade/futures/LDOUSDTM) | 0.4579 | 0.458 | 0.022% | $10.2M | 0.060% |
| XT.COM | [LDO/USDT:USDT](https://www.xt.com/en/futures/trade/ldo_usdt) | 0.4577 | 0.458 | 0.066% | $278K | 0.060% |
| LBank | [LDO/USDT:USDT](https://www.lbank.com/futures/ldousdt) | 0.4579 | 0.458 | 0.022% | $10M | 0.100% |
| Toobit | [LDO/USDT:USDT](https://www.toobit.com/en-US/futures/LDO-SWAP-USDT) | 0.4577 | 0.458 | 0.066% | $4.8M | 0.100% |
| Paradex | [LDO/USD:USDC](https://app.paradex.trade/trade/LDO-USD-PERP) | 0.4576 | 0.458 | 0.087% | $2.1K | 0.030% |
| OKX | [LDO/USDT:USDT](https://www.okx.com/trade-swap/ldo-usdt-swap) | 0.458 | 0.4581 | 0.022% | $4.5M | 0.050% |
| BingX | [LDO/USDT:USDT](https://bingx.com/en/perpetual/LDO-USDT) | 0.458 | 0.4581 | 0.022% | $3.2M | 0.050% |
| Gate | [LDO/USDT:USDT](https://www.gate.com/futures/USDT/LDO_USDT) | 0.458 | 0.4582 | 0.044% | $409.1K | 0.050% |
| BTSE | [LDO/USDT:USDT](https://www.btse.com/en/futures/LDO-PERP) | 0.4575 | 0.4582 | 0.153% | $410K | 0.055% |
| HitBTC | LDO/USDT:USDT | 0.4577 | 0.4582 | 0.109% | — | 0.070% |
| Kraken | [LDO/USD:USD](https://pro.kraken.com/app/trade/futures-ldo-usd-perp) | 0.458 | 0.4583 | 0.065% | $1.1M | 0.050% |
| Backpack | [LDO/USDC:USDC](https://backpack.exchange/trade/LDO_USDC_PERP) | 0.45816 | 0.45831 | 0.033% | $106.2K | 0.100% |
| Hyperliquid | [LDO/USDC:USDC](https://app.hyperliquid.xyz/trade/LDO) | 0.458 | 0.45836 | 0.079% | $1.1M | 0.045% |
| Bitfinex | [LDO/USDT:USDT](https://trading.bitfinex.com/t/LDOF0:USTF0) | 0.45775 | 0.45847 | 0.157% | $40.6K | 0.200% |
| Crypto.com | [LDO/USD:USD](https://crypto.com/exchange/trade/LDOUSD-PERP) | 0.4584 | 0.4585 | 0.022% | $297.7 | 0.500% |
| Aster | [LDO/USDT:USDT](https://www.asterdex.com/en/trade/pro/futures/LDOUSDT) | 0.4576 | 0.4589 | 0.283% | $4K | 0.035% |
| DigiFinex | [LDO/USDT:USDT](https://www.digifinex.com/en-ww/swap/LDOUSDTPERP) | 0.458 | 0.459 | 0.218% | $2.2M | 0.200% |
| WhiteBIT | [LDO/USDT:USDT](https://whitebit.com/trade/LDO-PERP?type=futures) | 0.4577 | 0.4592 | 0.327% | $6.3M | 0.055% |

### Perpetual net spread for every exchange pair

Rows are where you buy at the ask, columns are where you sell at the bid; figures are after taker fees on every fill.

| Buy on ↓, sell on → | Crypto.com | Backpack | OKX | BingX | Gate | Kraken | Hyperliquid | DigiFinex | KuCoin | LBank | Binance | MEXC | WEEX | Deepcoin | Bitfinex | Bybit | XT.COM | Toobit | HitBTC | WhiteBIT | Bitget | Paradex | Aster | BTSE | Extended |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Bitget | -0.97% | -0.22% | -0.15% | -0.15% | -0.15% | -0.15% | -0.14% | -0.45% | -0.20% | -0.28% | -0.20% | -0.10% | -0.26% | -0.40% | -0.51% | -0.24% | -0.24% | -0.32% | -0.26% | -0.23% | — | -0.20% | -0.21% | -0.27% | -0.61% |
| Bybit | -0.99% | -0.24% | -0.18% | -0.18% | -0.18% | -0.18% | -0.17% | -0.48% | -0.22% | -0.30% | -0.22% | -0.12% | -0.28% | -0.42% | -0.53% | — | -0.26% | -0.34% | -0.28% | -0.25% | -0.28% | -0.22% | -0.23% | -0.30% | -0.63% |
| Extended | -1.27% | -0.52% | -0.46% | -0.46% | -0.46% | -0.46% | -0.45% | -0.76% | -0.50% | -0.58% | -0.50% | -0.40% | -0.56% | -0.70% | -0.81% | -0.54% | -0.54% | -0.62% | -0.56% | -0.53% | -0.56% | -0.50% | -0.51% | -0.58% | — |
| Binance | -0.99% | -0.24% | -0.18% | -0.18% | -0.18% | -0.18% | -0.17% | -0.48% | -0.22% | -0.30% | — | -0.12% | -0.28% | -0.42% | -0.53% | -0.26% | -0.26% | -0.34% | -0.28% | -0.25% | -0.29% | -0.23% | -0.24% | -0.30% | -0.63% |
| MEXC | -0.89% | -0.14% | -0.08% | -0.08% | -0.08% | -0.08% | -0.07% | -0.38% | -0.12% | -0.20% | -0.12% | — | -0.18% | -0.32% | -0.43% | -0.16% | -0.16% | -0.24% | -0.18% | -0.15% | -0.19% | -0.13% | -0.14% | -0.20% | -0.53% |
| WEEX | -1.05% | -0.30% | -0.24% | -0.24% | -0.24% | -0.24% | -0.23% | -0.54% | -0.28% | -0.36% | -0.28% | -0.18% | — | -0.48% | -0.59% | -0.32% | -0.32% | -0.40% | -0.34% | -0.31% | -0.35% | -0.29% | -0.30% | -0.36% | -0.69% |
| Deepcoin | -1.19% | -0.44% | -0.38% | -0.38% | -0.38% | -0.38% | -0.37% | -0.68% | -0.42% | -0.50% | -0.42% | -0.32% | -0.48% | — | -0.73% | -0.46% | -0.46% | -0.54% | -0.48% | -0.45% | -0.49% | -0.43% | -0.44% | -0.50% | -0.83% |
| KuCoin | -1.03% | -0.29% | -0.22% | -0.22% | -0.22% | -0.22% | -0.21% | -0.52% | — | -0.34% | -0.26% | -0.16% | -0.32% | -0.46% | -0.57% | -0.31% | -0.31% | -0.39% | -0.33% | -0.30% | -0.33% | -0.27% | -0.28% | -0.34% | -0.67% |
| XT.COM | -1.03% | -0.29% | -0.22% | -0.22% | -0.22% | -0.22% | -0.21% | -0.52% | -0.26% | -0.34% | -0.26% | -0.16% | -0.32% | -0.46% | -0.57% | -0.31% | — | -0.39% | -0.33% | -0.30% | -0.33% | -0.27% | -0.28% | -0.34% | -0.67% |
| LBank | -1.11% | -0.37% | -0.30% | -0.30% | -0.30% | -0.30% | -0.29% | -0.60% | -0.34% | — | -0.34% | -0.24% | -0.40% | -0.54% | -0.65% | -0.39% | -0.39% | -0.47% | -0.41% | -0.38% | -0.41% | -0.35% | -0.36% | -0.42% | -0.75% |
| Toobit | -1.11% | -0.37% | -0.30% | -0.30% | -0.30% | -0.30% | -0.29% | -0.60% | -0.34% | -0.42% | -0.34% | -0.24% | -0.40% | -0.54% | -0.65% | -0.39% | -0.39% | — | -0.41% | -0.38% | -0.41% | -0.35% | -0.36% | -0.42% | -0.75% |
| Paradex | -0.97% | -0.23% | -0.16% | -0.16% | -0.16% | -0.16% | -0.15% | -0.46% | -0.20% | -0.28% | -0.20% | -0.10% | -0.26% | -0.40% | -0.51% | -0.25% | -0.25% | -0.33% | -0.27% | -0.24% | -0.27% | — | -0.22% | -0.28% | -0.61% |
| OKX | -1.03% | -0.29% | — | -0.22% | -0.22% | -0.22% | -0.21% | -0.52% | -0.26% | -0.34% | -0.27% | -0.17% | -0.33% | -0.47% | -0.58% | -0.31% | -0.31% | -0.39% | -0.33% | -0.30% | -0.33% | -0.27% | -0.28% | -0.34% | -0.67% |
| BingX | -1.03% | -0.29% | -0.22% | — | -0.22% | -0.22% | -0.21% | -0.52% | -0.26% | -0.34% | -0.27% | -0.17% | -0.33% | -0.47% | -0.58% | -0.31% | -0.31% | -0.39% | -0.33% | -0.30% | -0.33% | -0.27% | -0.28% | -0.34% | -0.67% |
| Gate | -1.06% | -0.31% | -0.24% | -0.24% | — | -0.24% | -0.23% | -0.54% | -0.29% | -0.37% | -0.29% | -0.19% | -0.35% | -0.49% | -0.60% | -0.33% | -0.33% | -0.41% | -0.35% | -0.32% | -0.35% | -0.29% | -0.30% | -0.36% | -0.70% |
| BTSE | -1.07% | -0.32% | -0.25% | -0.25% | -0.25% | -0.25% | -0.24% | -0.55% | -0.30% | -0.38% | -0.30% | -0.20% | -0.36% | -0.50% | -0.61% | -0.34% | -0.34% | -0.42% | -0.36% | -0.33% | -0.36% | -0.30% | -0.31% | — | -0.71% |
| HitBTC | -1.10% | -0.35% | -0.28% | -0.28% | -0.28% | -0.28% | -0.27% | -0.58% | -0.33% | -0.41% | -0.33% | -0.23% | -0.39% | -0.53% | -0.64% | -0.37% | -0.37% | -0.45% | — | -0.36% | -0.39% | -0.33% | -0.34% | -0.40% | -0.74% |
| Kraken | -1.08% | -0.33% | -0.27% | -0.27% | -0.27% | — | -0.26% | -0.57% | -0.31% | -0.39% | -0.31% | -0.21% | -0.37% | -0.51% | -0.62% | -0.35% | -0.35% | -0.43% | -0.37% | -0.34% | -0.37% | -0.31% | -0.32% | -0.38% | -0.72% |
| Backpack | -1.18% | — | -0.37% | -0.37% | -0.37% | -0.37% | -0.36% | -0.67% | -0.41% | -0.49% | -0.41% | -0.31% | -0.47% | -0.61% | -0.72% | -0.45% | -0.45% | -0.53% | -0.47% | -0.44% | -0.47% | -0.41% | -0.42% | -0.49% | -0.82% |
| Hyperliquid | -1.08% | -0.33% | -0.27% | -0.27% | -0.27% | -0.27% | — | -0.57% | -0.31% | -0.39% | -0.31% | -0.21% | -0.37% | -0.51% | -0.62% | -0.35% | -0.35% | -0.43% | -0.37% | -0.34% | -0.38% | -0.32% | -0.33% | -0.39% | -0.72% |
| Bitfinex | -1.42% | -0.67% | -0.60% | -0.60% | -0.60% | -0.60% | -0.59% | -0.90% | -0.64% | -0.72% | -0.65% | -0.55% | -0.71% | -0.85% | — | -0.69% | -0.69% | -0.77% | -0.71% | -0.68% | -0.71% | -0.65% | -0.66% | -0.72% | -1.06% |
| Crypto.com | — | -1.27% | -1.21% | -1.21% | -1.21% | -1.21% | -1.20% | -1.51% | -1.25% | -1.33% | -1.25% | -1.15% | -1.31% | -1.45% | -1.56% | -1.29% | -1.29% | -1.37% | -1.31% | -1.28% | -1.32% | -1.26% | -1.27% | -1.33% | -1.66% |
| Aster | -1.18% | -0.43% | -0.37% | -0.37% | -0.37% | -0.37% | -0.36% | -0.67% | -0.41% | -0.49% | -0.41% | -0.31% | -0.47% | -0.61% | -0.72% | -0.45% | -0.45% | -0.53% | -0.47% | -0.44% | -0.47% | -0.41% | — | -0.49% | -0.82% |
| DigiFinex | -1.53% | -0.78% | -0.72% | -0.72% | -0.72% | -0.72% | -0.71% | — | -0.76% | -0.84% | -0.76% | -0.66% | -0.82% | -0.96% | -1.07% | -0.80% | -0.80% | -0.88% | -0.82% | -0.79% | -0.83% | -0.77% | -0.78% | -0.84% | -1.17% |
| WhiteBIT | -1.28% | -0.54% | -0.47% | -0.47% | -0.47% | -0.47% | -0.46% | -0.77% | -0.51% | -0.59% | -0.51% | -0.41% | -0.57% | -0.71% | -0.83% | -0.56% | -0.56% | -0.64% | -0.58% | — | -0.58% | -0.52% | -0.53% | -0.59% | -0.92% |

## Frequently asked questions

### Is there a LDO arbitrage opportunity right now?

No. The best LDO routes do not cover taker fees at the moment.

### Which exchange has the cheapest LDO?

Lowest ask price: Spot: KuCoin at 0.4582; Perpetual: Bitget at 0.4577.

### How is the net spread calculated?

Net spread = (best bid on the sell exchange − best ask on the buy exchange) ÷ best ask − taker fees. Spot routes pay one taker fee per exchange. Perpetual routes pay two per exchange, to open and to close. Max profit is read from both order books, so it includes slippage, and spot routes also subtract the withdrawal fee.