Funding you earn now, next payment 01:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h +0.022%
Price spread now: Binance against Kraken Futures−0.097%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$680.682% of the position
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 3 days (all we have)+0.070%+$7 · spread now −0.097%, 7d avg −0.051%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.045% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.051%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.058%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_LDOUSD | 0.4343 | 0.0195 | pay 0.0024% / 1h | 12m 42s | $1.1M | $526K | 50x |
| Short | Binance LDOUSDT | 0.4339 | 0.0100 | get 0.0100% / 8h | 7h 12m | $18.2M | $37.4M | 75x |
Kraken Futures PF_LDOUSD
Binance LDOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- −$20.03
- Price spread: −0.097% → −0.051%
- −$4.52
- Slippage, 4 orders
- −$48.23
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$92.78
- Costs to cover
- 0.682%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; Binance: live order book, 14 min ago.
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 Kraken Futures live order book, 1 min ago | 12.67 bp | 25.9 bp −$26 | 108.2 bp −$1,082 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 1.16 bp | 12.3 bp −$12 | 24.9 bp −$249 | 116.1 bp −$11.6K | 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 | −0.0752% | 1h | 0.4333 | −0.235% | $118K | $53K | 50x | as long as short |
| dYdX LDO-USD | +0.0030% | 1h | 0.4336 | −0.159% | $84K | $17K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −5.369% | $4K | $14 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4335 | −0.182% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4341 | −0.048% | $12.0M | $4.1M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4343 | −0.005% | $171K | $149K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4340 | −0.080% | $111K | $178K | 10x | as long as short |
| Binance LDOUSDTshort | +0.0100% | 8h | 0.4339 | −0.097% | $18.2M | $37.4M | 75x | |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4334 | −0.212% | $16.4M | $11.9M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4335 | −0.189% | $4.1M | $8.9M | 50x | as long as short |
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Injective LDO/USDC PERP
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDO
Bybit LDOUSDT
OKX LDO-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate LDO_USDT | +0.0100% | 8h | 0.4339 | −0.097% | $1.5M | $1.0M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4337 | −0.143% | $8.0M | $7.5M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4341 | −0.051% | $2.8M | $4.1M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4339 | −0.097% | $3.4M | $3.6M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4338 | −0.120% | — | $10.1M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4343 | −0.014% | $87K | $150K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4335 | −0.193% | $204K | $82K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4337 | −0.143% | $309K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4340 | −0.074% | $35K | $644K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4343 | −0.014% | $23K | $731K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4442 | +2.275% | $2K | $1.4M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4336 | −0.177% | $264K | $1.3M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4342 | −0.020% | $38K | — | 3x | as long as short |
| BloFin LDO-USDT | +0.0120% | 8h | 0.4340 | −0.074% | $790K | $213K | 75x | as long as short |
| Kraken Futures PF_LDOUSDlong | +0.0195% | 1h | 0.4343 | long leg | $1.1M | $526K | 50x | |
| Deribit LDO_USDC-PERPETUAL | +0.0211% | 1h | 0.4344 | +0.019% | $8K | $20K | 25x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0320% / S −0.0201% | 1h | 0.4342 | −0.037% | $24K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0337% | 1h | 0.4338 | −0.122% | $303K | — | 15x | as long as short |
| Lighter LDO | +0.0592% | 1h | 0.4346 | +0.074% | $882K | $267K | 10x | as long as short |
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
BloFin LDO-USDT
Deribit LDO_USDC-PERPETUAL
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Lighter LDO