Funding you earn now, next payment 01:00 UTC−0.0091%/8h= −10.0% APRpaid last 24h +0.021%
Price spread now: BloFin against Kraken Futures+0.017%7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$750.754% of the position
Funding, last 7 days+0.086%+$9 on $10k
+Price spread, last 3 days (all we have)−0.095%−$10 · spread now +0.017%, 7d avg −0.039%
=The price spread pays, funding is against you. BloFin is 0.056% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.017% now, against its 7-day average of −0.039%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.086%, 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 | 0.4349 | 0.0195 | pay 0.0024% / 1h | 6m 19s | $1.1M | $516K | 50x |
| Short | BloFin LDO-USDT | 0.4350 | 0.0104 | get 0.0104% / 8h | 7h 06m | $922K | $213K | 75x |
Kraken Futures PF_LDOUSD
BloFin LDO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$19.13
- Price spread: +0.017% → −0.039%
- $5.6
- Slippage, 4 orders
- −$53.44
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$88.97
- Costs to cover
- 0.754%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; BloFin: live order book, 1 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, 2 min ago | 10.36 bp | 30.5 bp −$31 | 99.5 bp −$995 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 4.61 bp | 10.6 bp −$11 | 19.6 bp −$196 | 69.8 bp −$6,976 | 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 | 0.4345 | −0.098% | $119K | $47K | 50x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4347 | −0.052% | $8K | $20K | 25x | as long as short |
| dYdX LDO-USD | +0.0026% | 1h | 0.4339 | −0.232% | $84K | $17K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −5.502% | $4K | $14 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4333 | −0.385% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4330 | −0.443% | $12.0M | $3.9M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4343 | −0.143% | $171K | $149K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4342 | −0.167% | $111K | $178K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4326 | −0.535% | $18.2M | $36.6M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4323 | −0.604% | $16.4M | $11.7M | 50x | as long as short |
Coinbase International LDO-PERP-INTX
Deribit LDO_USDC-PERPETUAL
dYdX LDO-USD
Injective LDO/USDC PERP
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDO
Binance LDOUSDT
Bybit LDOUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4323 | −0.604% | $4.1M | $8.7M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4326 | −0.535% | $1.5M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4326 | −0.535% | $7.9M | $7.5M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4328 | −0.489% | $2.8M | $4.1M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4322 | −0.627% | $3.4M | $3.5M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4326 | −0.535% | — | $10.1M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4346 | −0.066% | $89K | $151K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4331 | −0.414% | $204K | $82K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4349 | 0.000% | $306K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4360 | +0.247% | $35K | $644K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4328 | −0.487% | $23K | $720K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4444 | +2.178% | $2K | $1.4M | 20x | as long as short |
| BloFin LDO-USDTshort | +0.0104% | 8h | 0.4350 | +0.017% | $922K | $213K | 75x | |
| Extended LDO-USD | +0.0104% | 1h | 0.4330 | −0.439% | $265K | $1.3M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4326 | −0.535% | $38K | — | 3x | as long as short |
| Kraken Futures PF_LDOUSDlong | +0.0195% | 1h | 0.4349 | long leg | $1.1M | $516K | 50x | |
| GMX LDO/USD [ETH-USDC] | L +0.0320% / S −0.0201% | 1h | 0.4327 | −0.520% | $24K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0337% | 1h | 0.4324 | −0.587% | $302K | — | 15x | as long as short |
| Lighter LDO | +0.0568% | 1h | 0.4352 | +0.056% | $883K | $267K | 10x | as long as short |
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
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Lighter LDO