LDO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0528%/8h= +57.8% APRnext payment +$0.66 per $10,000 · paid last 24h +0.033%

Price spread now: GMX against Kraken Futures−0.043%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.043% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 7 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LDOUSD	0.4361	−0.0326	get 0.0041% / 1h	20m 16s	$1.1M	$556K	50x
Short	GMX LDO/USD [ETH-USDC]	0.4359	L +0.0320% / S −0.0201%	get 0.0025% / 1h	20m 16s	$24K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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

Position, each leg$Hold fordaysFee Kraken FuturesbpFee GMXbpOrdersPrice spread, now −0.043%Rate

Funding earned: $110.8
Price spread: −0.043% → 0.000%: −$4.32
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $84.47
Costs to cover: 0.220%
Break-even: 1.7 days

Slippage unknown: Kraken Futures: live order book, 3 min ago; GMX: no order-book sample. Net counts fees only.

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, 3 min ago	14.90 bp	29.0 bp −$29	135.1 bp −$1,351	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0688%	1h	0.4290	−1.620%	$116K	$54K	50x	as long as short
Kraken Futures PF_LDOUSDlong	−0.0326%	1h	0.4361	long leg	$1.1M	$556K	50x
Deribit LDO_USDC-PERPETUAL	0.0000%	1h	0.4359	−0.038%	$3K	$10K	25x	as long as short
dYdX LDO-USD	+0.0019%	1h	0.4359	−0.041%	$84K	$17K	5x	as long as short
Injective LDO/USDC PERP	+0.0033%	1h	0.4270	−2.079%	$4K	$11	12x	as long as short
Lighter LDO	+0.0096%	1h	0.4373	+0.292%	$887K	$265K	10x	as long as short
Paradex LDO-USD-PERP	+0.0100%	8h	0.4358	−0.072%	$3K	$56	20x	as long as short
Hyperliquid LDO	+0.0100%	1h	0.4361	+0.010%	$12.1M	$3.6M	5x	as long as short
Aster LDOUSDT	+0.0100%	8h	0.4360	−0.022%	$171K	$144K	10x	as long as short
Pacifica LDO	+0.0100%	1h	0.4361	−0.003%	$112K	$182K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance LDOUSDT	+0.0100%	8h	0.4358	−0.061%	$18.2M	$38.0M	75x	as long as short
Bybit LDOUSDT	+0.0100%	8h	0.4357	−0.084%	$16.9M	$12.9M	50x	as long as short
OKX LDO-USDT-SWAP	+0.0100%	8h	0.4355	−0.130%	$4.1M	$9.2M	50x	as long as short
Gate LDO_USDT	+0.0100%	8h	0.4360	−0.015%	$1.4M	$1.1M	50x	as long as short
MEXC LDO_USDT	+0.0100%	8h	0.4357	−0.084%	$8.8M	$7.6M	200x	as long as short
KuCoin LDOUSDTM	+0.0100%	8h	0.4359	−0.038%	$2.8M	$4.3M	50x	as long as short
Bitget LDOUSDT	+0.0100%	8h	0.4358	−0.061%	$3.4M	$3.7M	75x	as long as short
BingX LDO-USDT	+0.0100%	8h	0.4357	−0.084%	—	$3.9M	—	as long as short
Backpack LDO_USDC_PERP	+0.0100%	1h	0.4361	+0.012%	$86K	$186K	10x	as long as short
Variational Omni LDO	+0.0100%	8h	0.4359	−0.032%	$204K	$89K	—	as long as short
GRVT LDO_USDT_Perp	+0.0100%	8h	0.4358	−0.061%	$310K	$3.5M	10x	as long as short
ApeX Omni LDOUSDT	+0.0100%	1h	0.4360	−0.015%	$35K	$649K	50x	as long as short
Polymarket Perps LDO-USD	+0.0100%	1h	0.4360	−0.010%	$22K	$739K	5x	as long as short
SunX LDO-USDT	+0.0100%	8h	0.4459	+2.255%	$2K	$1.5M	20x	as long as short
BloFin LDO-USDT	+0.0102%	8h	0.4363	+0.054%	$792K	$230K	75x	as long as short
Extended LDO-USD	+0.0104%	1h	0.4355	−0.123%	$262K	$1.0M	25x	as long as short
Aevo LDO-PERP	+0.0104%	1h	0.4359	−0.038%	$39K	—	3x	as long as short
GMX LDO/USD [ETH-USDC]short	L +0.0320% / S −0.0201%	1h	0.4359	−0.043%	$24K	—	100x
Reya LDORUSDPERP	+0.0332%	1h	0.4356	−0.111%	$304K	—	15x	as long as short