LDO

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0016%/8h= −1.7% APRnext payment −$0.02 per $10,000 · paid last 24h −0.075%

Price spread now: Kraken Futures against GMX+0.083%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Kraken Futures is 0.083% dearer against GMX than usual: you sell high and buy low (spread +0.083% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LDO/USD [ETH-USDC]	0.4119	L +0.0383% / S −0.0308%	pay 0.0048% / 1h	1m 48s	$29K	—	100x
Short	Kraken Futures PF_LDOUSD	0.4122	0.0367	get 0.0046% / 1h	1m 48s	$1.0M	$723K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against GMX. 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 GMXbpFee Kraken FuturesbpOrdersPrice spread, now +0.083%Rate

Funding earned: −$3.32
Price spread: +0.083% → 0.000%: $8.3
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$17.02
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 5 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 GMX no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 5 min ago	4.85 bp	21.6 bp −$22	96.4 bp −$964	doesn't fit	doesn't fit

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 exchanges

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	−0.0384%	1h	0.4099	−0.485%	$112K	$47K	50x	as long as short
dYdX LDO-USD	0.0000%	1h	0.4123	+0.096%	$79K	$2K	5x	as long as short
Deribit LDO_USDC-PERPETUAL	0.0000%	1h	0.4118	−0.024%	$7K	$10K	25x	as long as short
Injective LDO/USDC PERP	+0.0033%	1h	0.4110	−0.218%	$4K	$10	12x	as long as short
Lighter LDO	+0.0096%	1h	0.4124	+0.131%	$827K	$251K	10x	as long as short
Paradex LDO-USD-PERP	+0.0100%	8h	0.4117	−0.052%	$3K	—	20x	as long as short
Hyperliquid LDO	+0.0100%	1h	0.4120	+0.029%	$11.3M	$2.8M	5x	as long as short
Aster LDOUSDT	+0.0100%	8h	0.4122	+0.079%	$162K	$56K	10x	as long as short
Pacifica LDO	+0.0100%	1h	0.4121	+0.037%	$104K	$7K	10x	as long as short
Binance LDOUSDT	+0.0100%	8h	0.4118	−0.032%	$17.3M	$30.5M	75x	as long as short

Show all 29 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LDOUSDT	+0.0100%	8h	0.4117	−0.048%	$15.9M	$9.3M	50x	as long as short
OKX LDO-USDT-SWAP	+0.0100%	8h	0.4117	−0.048%	$3.9M	$5.8M	50x	as long as short
Gate LDO_USDT	+0.0100%	8h	0.4121	+0.049%	$1.5M	$1.1M	50x	as long as short
MEXC LDO_USDT	+0.0100%	8h	0.4119	0.000%	$6.3M	$5.2M	200x	as long as short
KuCoin LDOUSDTM	+0.0100%	8h	0.4120	+0.025%	$2.5M	$2.9M	50x	as long as short
Bitget LDOUSDT	+0.0100%	8h	0.4116	−0.073%	$3.1M	$2.5M	75x	as long as short
BingX LDO-USDT	+0.0100%	8h	0.4119	0.000%	—	$10.0M	—	as long as short
Backpack LDO_USDC_PERP	+0.0100%	1h	0.4120	+0.017%	$84K	$166K	10x	as long as short
Variational Omni LDO	+0.0100%	8h	0.4121	+0.059%	$196K	$49K	—	as long as short
GRVT LDO_USDT_Perp	+0.0100%	8h	0.4121	+0.049%	$290K	$3.4M	10x	as long as short
ApeX Omni LDOUSDT	+0.0100%	1h	0.4120	+0.025%	$20K	$638K	50x	as long as short
Polymarket Perps LDO-USD	+0.0100%	1h	0.4122	+0.061%	$24K	$309K	5x	as long as short
SunX LDO-USDT	+0.0100%	8h	0.4217	+2.379%	$2K	$1.1M	20x	as long as short
BloFin LDO-USDT	+0.0100%	8h	0.4118	−0.024%	$869K	$267K	75x	as long as short
Extended LDO-USD	+0.0104%	1h	0.4117	−0.057%	$255K	$1.6M	25x	as long as short
Aevo LDO-PERP	+0.0104%	1h	0.4119	−0.007%	$36K	—	3x	as long as short
Reya LDORUSDPERP	+0.0350%	1h	0.4118	−0.025%	$287K	—	15x	as long as short
Kraken Futures PF_LDOUSDshort	+0.0367%	1h	0.4122	+0.083%	$1.0M	$723K	50x
GMX LDO/USD [ETH-USDC]long	L +0.0383% / S −0.0308%	1h	0.4119	long leg	$29K	—	100x