Funding you earn now, next payment 00:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h +0.004%
Price spread now: Bybit against Kraken Futures−0.025%7-day average −0.129% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$770.770% of the position
Funding, last 7 days+0.044%+$4 on $10k
+Price spread, last 3 days (all we have)−0.094%−$9 · spread now −0.025%, 7d avg −0.129%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.104% dearer against Kraken Futures than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.129%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_LDOUSD | 0.4371 | 0.0026 | pay 0.0003% / 1h | 53m 27s | $1.1M | $528K | 50x |
| Short | Bybit LDOUSDT | 0.4370 | 0.0100 | get 0.0100% / 8h | 53m 27s | $16.6M | $12.6M | 50x |
Kraken Futures PF_LDOUSD
Bybit LDOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $15.53
- Price spread: −0.025% → −0.129%
- $10.39
- Slippage, 4 orders
- −$55.95
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$51.03
- Costs to cover
- 0.770%
- Break-even
- 30.0 days
Slippage from Kraken Futures: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago | 6.88 bp | 24.5 bp −$25 | 79.2 bp −$792 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.15 bp | 13.3 bp −$13 | 37.0 bp −$370 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective LDO/USDC PERP | −0.5000% | 1h | 0.4110 | −5.974% | $4K | $14 | 12x | as long as short |
| Coinbase International LDO-PERP-INTX | −0.1016% | 1h | 0.4369 | −0.048% | $118K | $55K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4367 | −0.085% | $84K | $17K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4369 | −0.048% | $3K | $10K | 25x | as long as short |
| Kraken Futures PF_LDOUSDlong | +0.0026% | 1h | 0.4371 | long leg | $1.1M | $528K | 50x | |
| BloFin LDO-USDT | +0.0090% | 8h | 0.4368 | −0.071% | $791K | $223K | 75x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4366 | −0.122% | $3K | $56 | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4379 | +0.185% | $12.2M | $4.0M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4369 | −0.056% | $172K | $149K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4369 | −0.056% | $112K | $178K | 10x | as long as short |
Injective LDO/USDC PERP
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance LDOUSDT | +0.0100% | 8h | 0.4374 | +0.075% | $18.2M | $37.6M | 75x | as long as short |
| Bybit LDOUSDTshort | +0.0100% | 8h | 0.4370 | −0.025% | $16.6M | $12.6M | 50x | |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4370 | −0.025% | $4.1M | $9.1M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4369 | −0.048% | $1.5M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4374 | +0.066% | $8.5M | $7.5M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4374 | +0.066% | $2.8M | $4.3M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4371 | −0.003% | $3.4M | $3.7M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4369 | −0.048% | — | $3.7M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4367 | −0.087% | $88K | $179K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4353 | −0.416% | $204K | $83K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4370 | −0.026% | $310K | $3.4M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4360 | −0.254% | $35K | $648K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4375 | +0.082% | $23K | $736K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4468 | +2.217% | $2K | $1.4M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4366 | −0.107% | $261K | $1.0M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4367 | −0.089% | $39K | — | 3x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0320% / S −0.0201% | 1h | 0.4367 | −0.085% | $24K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0334% | 1h | 0.4371 | +0.002% | $305K | — | 15x | as long as short |
| Lighter LDO | +0.0504% | 1h | 0.4376 | +0.110% | $887K | $268K | 10x | as long as short |
Binance 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
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Lighter LDO