Funding you earn now, next payment 22:00 UTC−0.0428%/8h= −46.9% APRpaid last 24h −0.008%
Price spread now: Kraken Futures against Variational Omni+0.273%7-day average +0.113% · you sell dearer than you buy
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 3 days (all we have)−0.251%−$25 · spread now +0.273%, 7d avg +0.113%
=Together, before fees−0.215%+ Points / potential airdropVariational Omni: Active · farm board−$22 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.160% dearer against Variational Omni than usual: you sell high and buy low (spread +0.273% now, against its 7-day average of +0.113%): +$16 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 30 hours.
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 4.1% 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 | Variational Omni LDO | 0.4320 | 0.0100 | pay 0.0100% / 8h | 2h 32m | $202K | $89K | — |
| Short | Kraken Futures PF_LDOUSD | 0.4332 | −0.0328 | pay 0.0041% / 1h | 32m 30s | $1.1M | $556K | 50x |
Variational Omni LDO
Kraken Futures PF_LDOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Variational Omni. 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
- −$89.98
- Price spread: +0.273% → +0.113%
- $15.98
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$84.01
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 56 min ago; Kraken Futures: live order book, 1 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 Variational Omni RFQ quote, 56 min ago | 5.72 bp | doesn't fit | 42.3 bp −$423 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 6.93 bp | 22.8 bp −$23 | doesn't fit | 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 | −0.0688% | 1h | 0.4290 | −0.702% | $116K | $54K | 50x | as long as short |
| Kraken Futures PF_LDOUSDshort | −0.0328% | 1h | 0.4332 | +0.273% | $1.1M | $556K | 50x | |
| Deribit LDO_USDC-PERPETUAL | −0.0211% | 1h | 0.4332 | +0.270% | $3K | $10K | 25x | as long as short |
| dYdX LDO-USD | +0.0027% | 1h | 0.4327 | +0.144% | $83K | $17K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4270 | −1.165% | $4K | $11 | 12x | as long as short |
| BloFin LDO-USDT | +0.0084% | 8h | 0.4330 | +0.223% | $793K | $229K | 75x | as long as short |
| Lighter LDO | +0.0096% | 1h | 0.4345 | +0.559% | $881K | $264K | 10x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4334 | +0.307% | $3K | $56 | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4335 | +0.351% | $11.9M | $3.5M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4332 | +0.269% | $170K | $144K | 10x | as long as short |
Coinbase International LDO-PERP-INTX
Deribit LDO_USDC-PERPETUAL
dYdX LDO-USD
Injective LDO/USDC PERP
BloFin LDO-USDT
Lighter LDO
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica LDO | +0.0100% | 1h | 0.4333 | +0.289% | $111K | $182K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4333 | +0.285% | $18.1M | $37.9M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4332 | +0.270% | $16.8M | $12.9M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4329 | +0.200% | $4.1M | $9.2M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4331 | +0.247% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4332 | +0.270% | $8.8M | $7.6M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4333 | +0.293% | $2.9M | $4.3M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4330 | +0.223% | $3.4M | $3.7M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4330 | +0.223% | — | $3.9M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4332 | +0.263% | $87K | $187K | 10x | as long as short |
| Variational Omni LDOlong | +0.0100% | 8h | 0.4320 | long leg | $202K | $89K | — | |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4327 | +0.153% | $304K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4320 | −0.008% | $35K | $647K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4335 | +0.346% | $34K | $697K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4431 | +2.561% | $2K | $1.5M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4330 | +0.212% | $259K | $1.0M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4330 | +0.233% | $38K | — | 3x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0320% / S −0.0201% | 1h | 0.4335 | +0.337% | $24K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0332% | 1h | 0.4330 | +0.226% | $302K | — | 15x | as long as short |
Pacifica LDO
Binance LDOUSDT
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