Settings8H · net · $10k
Funding arb · Price arb /

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h +0.019%
Price spread now: Gate against Kraken Futures−0.111%7-day average −0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1011.010% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.083%+$8 on $10k
Price spread, last 3 days (all we have)+0.006%+$1 · spread now −0.111%, 7d avg −0.084%
Together, before fees+0.090%+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. Gate is 0.027% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.111% now, against its 7-day average of −0.084%). If the spread goes back, that is −$3 on $10k: about 29 hours of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_LDOUSD0.43040.0026pay 0.0003% / 1h5m 48s$1.1M$527K50x
ShortGate LDO_USDT0.42990.0100get 0.0100% / 8h5m 48s$1.4M$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$15.45
Price spread: −0.111% → −0.084%
−$2.7
Slippage, 4 orders
−$75.99
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$88.24
Costs to cover
1.010%
Break-even
47.0 days
Slippage from Kraken Futures: live order book, 3 min ago; Gate: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 3 min ago8.13 bp23.2 bp −$2389.7 bp −$897doesn't fitdoesn't fit
Sell Gate live order book, 2 min ago4.65 bp26.7 bp −$27166.0 bp −$1,660doesn't fitdoesn't fit

LDO on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective LDO/USDC PERP−0.5000%1h0.4110−4.503%$4K$1412xas long as short
Coinbase International LDO-PERP-INTX−0.1016%1h0.4312+0.191%$117K$52K50xas long as short
dYdX LDO-USD0.0000%1h0.4300−0.088%$83K$17K5xas long as short
Kraken Futures PF_LDOUSDlong+0.0026%1h0.4304long leg$1.1M$527K50x
Paradex LDO-USD-PERP+0.0100%8h0.4295−0.206%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4304−0.007%$12.1M$4.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4306+0.043%$169K$149K10xas long as short
Pacifica LDO+0.0100%1h0.4300−0.082%$110K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4302−0.035%$18.1M$38.0M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4298−0.135%$16.3M$12.5M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4297−0.158%$4.1M$9.1M50xas long as short
Gate LDO_USDTshort+0.0100%8h0.4299−0.111%$1.4M$1.1M50x
MEXC LDO_USDT+0.0100%8h0.4299−0.111%$7.9M$7.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4302−0.042%$2.8M$4.2M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4300−0.088%$3.4M$3.7M75xas long as short
BingX LDO-USDT+0.0100%8h0.4302−0.042%$3.7Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4301−0.062%$86K$181K10xas long as short
Variational Omni LDO+0.0100%8h0.4296−0.183%$201K$82Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4299−0.114%$306K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4300−0.088%$34K$646K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4301−0.065%$23K$736K5xas long as short
SunX LDO-USDT+0.0100%8h0.4400+2.235%$2K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4299−0.119%$259K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4300−0.092%$38K3xas long as short
BloFin LDO-USDT+0.0105%8h0.4301−0.065%$786K$219K75xas long as short
Deribit LDO_USDC-PERPETUAL+0.0215%1h0.4300−0.088%$3K$10K25xas long as short
Lighter LDO+0.0304%1h0.4310+0.154%$875K$269K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4299−0.113%$23K100xas long as short
Reya LDORUSDPERP+0.0335%1h0.4297−0.165%$300K15xas long as short