Funding you earn now, next payment 08:00 UTC−0.0125%/8h= −13.7% APRpaid last 24h +0.013%
Price spread now: MEXC against Kraken Futures−0.372%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$480.476% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.329%+$33 · spread now −0.372%, 7d avg −0.056%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and MEXC is 0.317% cheaper against Kraken Futures than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of −0.056%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_LDOUSD | 0.4209 | 0.0225 | pay 0.0028% / 1h | 37m 56s | $1.1M | $711K | 50x |
| Short | MEXC LDO_USDT | 0.4193 | 0.0100 | get 0.0100% / 8h | 37m 56s | $6.6M | $5.5M | 200x |
Kraken Futures PF_LDOUSD
MEXC LDO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$26.29
- Price spread: −0.372% → −0.056%
- −$31.65
- Slippage, 4 orders
- −$37.58
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$105.52
- Costs to cover
- 0.476%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; MEXC: 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 | 5.93 bp | 24.6 bp −$25 | 99.6 bp −$996 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.18 bp | 4.8 bp −$5 | 12.1 bp −$121 | 62.3 bp −$6,234 | 150.0 bp −$75.0K |
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 | −0.0920% | 1h | 0.4180 | −0.681% | $116K | $39K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4221 | +0.297% | $81K | $5K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4211 | +0.055% | $7K | $20K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −2.344% | $4K | $11 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4214 | +0.134% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4195 | −0.318% | $11.4M | $3.0M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4196 | −0.296% | $165K | $91K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4215 | +0.161% | $106K | $28K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4193 | −0.381% | $17.6M | $30.8M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4188 | −0.491% | $15.9M | $9.9M | 50x | as long as short |
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
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 | 0.4189 | −0.467% | $4.0M | $6.5M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4194 | −0.348% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDTshort | +0.0100% | 8h | 0.4193 | −0.372% | $6.6M | $5.5M | 200x | |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4192 | −0.396% | $2.6M | $3.3M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4186 | −0.539% | $3.2M | $3.0M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4192 | −0.396% | — | $10.1M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4192 | −0.387% | $90K | $177K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4223 | +0.345% | $201K | $66K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4226 | +0.411% | $297K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4230 | +0.507% | $31K | $633K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4213 | +0.105% | $22K | $371K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4315 | +2.527% | $2K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4187 | −0.517% | $256K | $1.4M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4210 | +0.044% | $37K | — | 3x | as long as short |
| BloFin LDO-USDT | +0.0126% | 8h | 0.4217 | +0.198% | $884K | $258K | 75x | as long as short |
| Kraken Futures PF_LDOUSDlong | +0.0225% | 1h | 0.4209 | long leg | $1.1M | $711K | 50x | |
| Lighter LDO | +0.0240% | 1h | 0.4216 | +0.184% | $850K | $270K | 10x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0318% / S −0.0201% | 1h | 0.4210 | +0.024% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0345% | 1h | 0.4209 | +0.004% | $294K | — | 15x | as long as short |
OKX LDO-USDT-SWAP
Gate 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
Lighter LDO
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP