Lido DAO (LDO) perpetual futures
LDO perpetual contracts on 12 reviewed venues.
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Funding rates
Annualized rates across exchanges
AevoDEX
BinanceCEX
BybitCEX
BitgetCEX
MEXCCEX
Gate.ioCEX
BingXCEX
Open interest
Per-exchange open interest
Bybit
HyperliquidGate.io
OKXBitget
KuCoin
PhemexWhat the LDO data shows
11 of 20 venues quote the same LDO funding rate, +10.95% a year. The exceptions are BloFin at +24.09%, Aevo at +11.39%, Paradex at +10.92%, and 6 more.
No venue holds half of the $52.2m in reported LDO open interest. Bybit has the largest share, 30.6%, and Hyperliquid is next with 24.6%.
Lighter quoted LDO at $0.4558 and Bybit at $0.4543, a gap of 33.0 bps.
The LDO settlement periods differ: 11 venues settle every 8 hours; 4 venues settle every hour.
- Source: public APIs of 20 venues for LDO, read at October 3, 2026, 09:49 UTC.
Where to Trade Lido DAO (LDO) Perpetual Futures
Fees and leverage limits apply venue-wide; confirm LDO limits with the venue.
| Venue | Maker | Taker | Max leverage | Rating | Trade |
|---|---|---|---|---|---|
| 0.015% | 0.045% | 40x | 9.2 | LDO | |
| 0.010% | 0.050% | 50x | 9.0 | LDO | |
| 0.035% position fee | 1000x | 8.0 | LDO | ||
| 0.010% | 0.035% | 50x | 8.0 | LDO | |
| 0.020% | 0.050% | 100x | 8.0 | LDO | |
| 0.010% | 0.020% | 100x | 7.8 | LDO | |
| Free | 0.030% | 50x | 7.8 | LDO | |
| -0.010% | 0.017% | 1000x | 7.8 | LDO | |
| 0.050% | 0.080% | 20x | 7.5 | LDO | |
| Free | 0.040% | 200x | 7.5 | LDO | |
| 0.040% | 0.045% | 100x | 7.5 | LDO | |
| 0.01% or 0.045% position fee | 100x | 7.0 | LDO | ||
Lido DAO (LDO) market overview
LDO perps let traders take a position on whether Lido retains its dominant share of Ethereum's liquid staking market. Lido controls roughly one-third of all staked ETH, making it simultaneously the largest single entity in Ethereum's validator set and the source of ongoing centralization debates that affect its regulatory and governance standing.
Both dynamics drive LDO perp funding.
Venue depth and execution surface
The LDO perp market spans Binance, Bybit, OKX, and Hyperliquid. CEX venues dominate, and the deepest LDO book sits on Binance. On-chain depth for LDO stays limited relative to the asset's market cap, though Hyperliquid has grown its LDO depth as overall platform liquidity expanded.
Coinalyze's LDO open interest data shows OI most elevated during Ethereum staking yield discussions, stETH discount-to-ETH events, and Ethereum protocol debates about validator concentration limits.
ETH staking yield as the primary LDO price signal
LDO price is closely tied to Ethereum staking economics. When ETH validator yields compress (high ETH staking ratio, low network fees), Lido's revenue per staked ETH falls, which pressures LDO. When network fees rise and staking yields increase, Lido benefits from higher fee income and stakers' willingness to stake more ETH through Lido's interface.
High Ethereum base fees raise staking rewards and Lido revenue, which gives traders a reason to hold LDO long.
The stETH/ETH peg is the key technical risk signal for LDO perp traders. During the June 2022 depeg event, LDO perp funding turned sharply negative as stETH traded at a discount, raising contagion concerns. Monitor the DefiLlama Lido page for TVL and the stETH secondary market price.
Regulatory and centralization headwinds
Lido's dominant market share in ETH staking creates ongoing regulatory exposure. Any enforcement action targeting liquid staking providers would affect LDO disproportionately given its size. Track CoinDesk's LDO coverage for regulatory developments. Use the cost comparison tool to model break-even entry costs.
Frequently Asked Questions — Lido DAO (LDO)
What funding data is available for LDO?
20 venues report an LDO funding rate in this read.
An annualized LDO rate extrapolates one reading and does not predict a return.
What open interest data is available for LDO?
15 venues report positive LDO open interest in this read.
The LDO total leaves out venues outside the read.
Which mapped venue has the lowest recorded LDO taker fee?
DESK lists 0.017% and SynFutures lists 0.020%, the two lowest of 10 mapped LDO maker/taker schedules.
2 LDO venues charge a position fee and are not compared.
Category: DeFi