Funding you earn now, next payment 03:00 UTC−0.0476%/8h= −52.1% APRpaid last 24h −0.003%
Price spread now: Variational Omni against Kraken Futures−0.255%7-day average −0.120% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.036%−$4 on $10k
+Price spread, last 4 days (all we have)+0.342%+$34 · spread now −0.255%, 7d avg −0.120%
=Together, before fees+0.306%+ Points / potential airdropVariational Omni: Active · farm board+$31 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Variational Omni is 0.135% cheaper against Kraken Futures than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.120%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.036% in total (about -3.8% a year). A funding rate is set anew for every payment. 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 | 0.4290 | 0.0576 | pay 0.0072% / 1h | 39m 57s | $1.2M | $711K | 50x |
| Short | Variational Omni LDO | 0.4279 | 0.0100 | get 0.0100% / 8h | 5h 39m | $201K | $68K | — |
Kraken Futures PF_LDOUSD
Variational Omni LDOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$99.94
- Price spread: −0.255% → −0.120%
- −$13.47
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$123.41
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 3 min ago; Variational Omni: RFQ quote, 24 min ago. 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 | 10.49 bp | 26.2 bp −$26 | 79.2 bp −$792 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 24 min ago | 4.65 bp | doesn't fit | 37.2 bp −$372 | 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 | −0.725% | $119K | $43K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4287 | −0.068% | $83K | $5K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4288 | −0.049% | $7K | $20K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −4.198% | $4K | $13 | 12x | as long as short |
| BloFin LDO-USDT | +0.0089% | 8h | 0.4284 | −0.142% | $917K | $255K | 75x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4287 | −0.066% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4288 | −0.060% | $11.7M | $3.3M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4291 | +0.012% | $169K | $134K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4288 | −0.045% | $110K | $131K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4286 | −0.095% | $17.9M | $32.0M | 75x | as long as short |
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
Injective LDO/USDC PERP
BloFin LDO-USDT
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDO
Binance LDOUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit LDOUSDT | +0.0100% | 8h | 0.4282 | −0.189% | $16.1M | $10.4M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4281 | −0.212% | $4.0M | $7.2M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4287 | −0.072% | $1.5M | $1.0M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4285 | −0.119% | $7.7M | $6.9M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4287 | −0.072% | $2.7M | $4.0M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4282 | −0.189% | $3.3M | $3.2M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4286 | −0.095% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4287 | −0.081% | $87K | $144K | 10x | as long as short |
| Variational Omni LDOshort | +0.0100% | 8h | 0.4279 | −0.255% | $201K | $68K | — | |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4290 | −0.012% | $304K | $3.3M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4290 | −0.002% | $33K | $639K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4290 | 0.000% | $23K | $686K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4389 | +2.305% | $1K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4281 | −0.210% | $258K | $1.3M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4286 | −0.091% | $38K | — | 3x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0320% / S −0.0201% | 1h | 0.4286 | −0.084% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0339% | 1h | 0.4284 | −0.141% | $299K | — | 15x | as long as short |
| Lighter LDO | +0.0400% | 1h | 0.4295 | +0.124% | $872K | $265K | 10x | as long as short |
| Kraken Futures PF_LDOUSDlong | +0.0576% | 1h | 0.4290 | long leg | $1.2M | $711K | 50x |
Bybit LDOUSDT
OKX LDO-USDT-SWAP
Gate LDO_USDT
MEXC LDO_USDT
KuCoin LDOUSDTM
Bitget LDOUSDT
BingX LDO-USDT
Backpack LDO_USDC_PERP
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