Funding you earn now, next payment 06:00 UTC+0.0497%/8h= +54.4% APRpaid last 24h −0.008%
Price spread now: Kraken Futures against Binance+0.119%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$780.781% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.119%, 7d avg +0.049%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Kraken Futures is 0.070% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.049%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.024% in total (about -1.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance LDOUSDT | 0.4232 | 0.0100 | pay 0.0100% / 8h | 2h 18m | $17.7M | $31.1M | 75x |
| Short | Kraken Futures PF_LDOUSD | 0.4237 | 0.0597 | get 0.0075% / 1h | 18m 06s | $1.1M | $660K | 50x |
Binance LDOUSDT
Kraken Futures PF_LDOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $104.27
- Price spread: +0.119% → +0.049%
- $6.96
- Slippage, 4 orders
- −$58.06
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $33.17
- Costs to cover
- 0.781%
- Break-even
- 4.8 days
Slippage from Binance: live order book, 8 min ago; Kraken Futures: live order book, just now.
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 Binance live order book, 8 min ago | 1.19 bp | 10.6 bp −$11 | 25.1 bp −$251 | 220.3 bp −$22.0K | doesn't fit |
| Sell Kraken Futures live order book, just now | 11.83 bp | 19.9 bp −$20 | 101.1 bp −$1,011 | doesn't fit | doesn't fit |
LDO on 29 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International LDO-PERP-INTX | −0.0464% | 1h | 0.4192 | −0.938% | $117K | $41K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4231 | −0.011% | $82K | $5K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4235 | +0.078% | $7K | $20K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −2.876% | $4K | $11 | 12x | as long as short |
| BloFin LDO-USDT | +0.0099% | 8h | 0.4234 | +0.054% | $888K | $259K | 75x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4230 | −0.050% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4233 | +0.028% | $11.5M | $3.1M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4233 | +0.031% | $167K | $91K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4231 | −0.017% | $107K | $28K | 10x | as long as short |
| Binance LDOUSDTlong | +0.0100% | 8h | 0.4232 | long leg | $17.7M | $31.1M | 75x |
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
Injective LDO/USDC PERP
BloFin LDO-USDT
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDOShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit LDOUSDT | +0.0100% | 8h | 0.4228 | −0.088% | $16.1M | $10.2M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4227 | −0.111% | $4.0M | $6.8M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4233 | +0.031% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4232 | +0.007% | $7.2M | $5.9M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4234 | +0.054% | $2.7M | $3.5M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4230 | −0.040% | $3.2M | $3.0M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4232 | +0.007% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4231 | −0.019% | $89K | $181K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4215 | −0.400% | $196K | $62K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4199 | −0.769% | $301K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4200 | −0.749% | $32K | $638K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4234 | +0.064% | $22K | $380K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4333 | +2.394% | $2K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4231 | −0.007% | $254K | $1.2M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4231 | −0.021% | $37K | — | 3x | as long as short |
| Lighter LDO | +0.0208% | 1h | 0.4241 | +0.213% | $855K | $267K | 10x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0318% / S −0.0201% | 1h | 0.4234 | +0.060% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0343% | 1h | 0.4232 | +0.010% | $295K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSDshort | +0.0597% | 1h | 0.4237 | +0.119% | $1.1M | $660K | 50x |
Bybit LDOUSDT
OKX LDO-USDT-SWAP
Gate LDO_USDT
MEXC LDO_USDT
KuCoin LDOUSDTM
Bitget LDOUSDT
BingX LDO-USDT
Backpack LDO_USDC_PERP
Variational Omni LDO
GRVT LDO_USDT_Perp
ApeX Omni LDOUSDT
Polymarket Perps LDO-USD
SunX LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
Lighter LDO
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP