Funding you earn now, next payment 06:00 UTC−0.0497%/8h= −54.4% APRpaid last 24h +0.008%
Price spread now: BingX against Kraken Futures−0.035%7-day average −0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$710.707% of the position
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.035%, 7d avg −0.090%
=The price spread pays, funding is against you. BingX is 0.055% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.035% now, against its 7-day average of −0.090%): +$5 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 9 hours. Mind the row above: over the last 7 days funding on this pair paid +0.121%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.121% in total (about 6.3% 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 | 0.4233 | 0.0597 | pay 0.0075% / 1h | 50m 02s | $1.1M | $658K | 50x |
| Short | BingX LDO-USDT | 0.4232 | 0.0100 | get 0.0100% / 8h | 2h 50m | — | $10.0M | — |
Kraken Futures PF_LDOUSD
BingX LDO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$104.36
- Price spread: −0.035% → −0.090%
- $5.45
- Slippage, 4 orders
- −$50.73
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$169.64
- Costs to cover
- 0.707%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; BingX: live order book, 8 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, 3 min ago | 7.09 bp | 24.2 bp −$24 | 102.4 bp −$1,024 | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 3.56 bp | 13.2 bp −$13 | 25.8 bp −$258 | 108.6 bp −$10.9K | 374.8 bp −$187.4K |
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 | −0.0464% | 1h | 0.4189 | −1.051% | $116K | $40K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4235 | +0.041% | $82K | $5K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4230 | −0.082% | $7K | $20K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −2.917% | $4K | $11 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4233 | −0.009% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4231 | −0.066% | $11.5M | $3.1M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4233 | −0.012% | $167K | $93K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4236 | +0.049% | $108K | $27K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4229 | −0.103% | $17.8M | $30.8M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4226 | −0.177% | $16.0M | $10.1M | 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 | 0.4230 | −0.082% | $4.0M | $6.7M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4232 | −0.035% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4229 | −0.106% | $7.4M | $5.8M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4233 | −0.012% | $2.7M | $3.5M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4231 | −0.059% | $3.3M | $3.2M | 75x | as long as short |
| BingX LDO-USDTshort | +0.0100% | 8h | 0.4232 | −0.035% | — | $10.0M | — | |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4229 | −0.108% | $90K | $180K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4234 | +0.006% | $199K | $60K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4230 | −0.090% | $302K | $3.4M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4230 | −0.082% | $32K | $639K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4237 | +0.085% | $27K | $368K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4336 | +2.421% | $1K | $1.2M | 20x | as long as short |
| BloFin LDO-USDT | +0.0103% | 8h | 0.4239 | +0.130% | $901K | $257K | 75x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4229 | −0.115% | $254K | $1.2M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4232 | −0.047% | $37K | — | 3x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0318% / S −0.0201% | 1h | 0.4232 | −0.034% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0342% | 1h | 0.4233 | −0.009% | $295K | — | 15x | as long as short |
| Lighter LDO | +0.0432% | 1h | 0.4237 | +0.088% | $854K | $263K | 10x | as long as short |
| Kraken Futures PF_LDOUSDlong | +0.0597% | 1h | 0.4233 | long leg | $1.1M | $658K | 50x |
OKX LDO-USDT-SWAP
Gate LDO_USDT
MEXC LDO_USDT
KuCoin LDOUSDTM
Bitget LDOUSDT
Backpack LDO_USDC_PERP
Variational Omni LDO
GRVT LDO_USDT_Perp
ApeX Omni LDOUSDT
Polymarket Perps LDO-USD
SunX LDO-USDT
BloFin LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Lighter LDO