Funding you earn now, next payment 03:00 UTC−0.0474%/8h= −51.9% APRnext payment −$0.59 per $10,000 · paid last 24h +0.007%
Price spread now: Polymarket Perps against Kraken Futures−0.049%48s7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$750.754% of the position
Funding, last 7 days−0.184%−$18 on $10k
+Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.049%, 7d avg −0.050%
=The price spread sits at its 7-day average of −0.050%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.184% in total (about -9.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.59 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_LDOUSD | 0.4304 | 0.0574 | pay 0.0072% / 1h | 34m 27s | $1.2M | $693K | 50x |
| Short | Polymarket Perps LDO-USD | 0.4302 | 0.0100 | get 0.0013% / 1h | 34m 27s | $23K | $686K | 5x |
Kraken Futures PF_LDOUSD
Polymarket Perps LDO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$99.56
- Price spread: −0.049% → −0.050%
- $0.04
- Slippage, 4 orders
- −$57.36
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$174.87
- Costs to cover
- 0.754%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; Polymarket Perps: live order book, 28 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, 4 min ago | 8.18 bp | 34.7 bp −$35 | 95.3 bp −$953 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 28 min ago | 4.30 bp | 10.3 bp −$10 | 10.7 bp −$107 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International LDO-PERP-INTX | −0.0512% | 1h | 0.4259 | −1.041% | $119K | $43K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4291 | −0.294% | $83K | $5K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4300 | −0.089% | $7K | $20K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −4.503% | $4K | $13 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4299 | −0.110% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4301 | −0.070% | $11.7M | $3.3M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4297 | −0.149% | $169K | $134K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4298 | −0.128% | $110K | $131K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4301 | −0.065% | $18.0M | $31.8M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4297 | −0.158% | $16.1M | $10.4M | 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 | 0.4297 | −0.158% | $4.0M | $7.2M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4300 | −0.089% | $1.5M | $1.0M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4298 | −0.135% | $7.8M | $6.9M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4299 | −0.112% | $2.8M | $3.9M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4296 | −0.182% | $3.3M | $3.2M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4298 | −0.135% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4299 | −0.121% | $87K | $144K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4297 | −0.166% | $202K | $67K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4288 | −0.373% | $305K | $3.4M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4290 | −0.321% | $33K | $639K | 50x | as long as short |
| Polymarket Perps LDO-USDshort | +0.0100% | 1h | 0.4302 | −0.049% | $23K | $686K | 5x | |
| SunX LDO-USDT | +0.0100% | 8h | 0.4400 | +2.235% | $2K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4296 | −0.180% | $258K | $1.3M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4300 | −0.084% | $38K | — | 3x | as long as short |
| BloFin LDO-USDT | +0.0123% | 8h | 0.4302 | −0.042% | $917K | $256K | 75x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0320% / S −0.0201% | 1h | 0.4298 | −0.145% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0339% | 1h | 0.4295 | −0.215% | $300K | — | 15x | as long as short |
| Lighter LDO | +0.0392% | 1h | 0.4308 | +0.102% | $875K | $265K | 10x | as long as short |
| Kraken Futures PF_LDOUSDlong | +0.0574% | 1h | 0.4304 | long leg | $1.2M | $693K | 50x |
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
SunX LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
BloFin LDO-USDT
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Lighter LDO