Funding you earn now, next payment 02:00 UTC−0.0564%/8h= −61.8% APRnext payment −$0.71 per $10,000 · paid last 24h −0.008%
Price spread now: dYdX against Kraken Futures−0.241%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.072%−$7 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and dYdX is 0.241% cheaper against Kraken Futures than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.072% in total (about -3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.71 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 | 0.4267 | 0.0564 | pay 0.0071% / 1h | 38m 47s | $1.1M | $794K | 50x |
| Short | dYdX LDO-USD | 0.4256 | 0 | get 0.0000% / 1h | 38m 47s | $82K | $17K | 5x |
Kraken Futures PF_LDOUSD
dYdX LDO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$118.46
- Price spread: −0.241% → 0.000%
- −$24.11
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$162.57
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 5 min ago; dYdX: no order-book sample. 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, 5 min ago | 11.68 bp | 30.8 bp −$31 | 148.6 bp −$1,486 | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: 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 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 | −0.0416% | 1h | 0.4260 | −0.155% | $119K | $45K | 50x | as long as short |
| dYdX LDO-USDshort | 0.0000% | 1h | 0.4256 | −0.241% | $82K | $17K | 5x | |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −3.671% | $4K | $13 | 12x | as long as short |
| Lighter LDO | +0.0096% | 1h | 0.4274 | +0.178% | $868K | $268K | 10x | as long as short |
| Paradex LDO-USD-PERP | +0.0099% | 8h | 0.4252 | −0.351% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4266 | −0.014% | $11.8M | $3.7M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4262 | −0.099% | $168K | $134K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4257 | −0.227% | $109K | $160K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4266 | −0.010% | $17.8M | $34.5M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4262 | −0.108% | $16.1M | $11.2M | 50x | as long as short |
Coinbase International LDO-PERP-INTX
Injective LDO/USDC PERP
Lighter LDO
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 | 0.4261 | −0.131% | $4.0M | $7.9M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4265 | −0.038% | $1.5M | $1.0M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4266 | −0.014% | $7.7M | $7.2M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4264 | −0.061% | $2.7M | $4.1M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4263 | −0.085% | $3.3M | $3.4M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4263 | −0.085% | — | $10.1M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4263 | −0.092% | $87K | $157K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4256 | −0.252% | $200K | $79K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4259 | −0.175% | $304K | $3.4M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4280 | +0.314% | $33K | $644K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4262 | −0.108% | $23K | $717K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4363 | +2.259% | $1K | $1.3M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4261 | −0.120% | $259K | $1.3M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4261 | −0.134% | $38K | — | 3x | as long as short |
| BloFin LDO-USDT | +0.0118% | 8h | 0.4300 | +0.783% | $918K | $241K | 75x | as long as short |
| Deribit LDO_USDC-PERPETUAL | +0.0219% | 1h | 0.4263 | −0.085% | $7K | $20K | 25x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0318% / S −0.0201% | 1h | 0.4260 | −0.155% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0337% | 1h | 0.4258 | −0.193% | $297K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSDlong | +0.0564% | 1h | 0.4267 | long leg | $1.1M | $794K | 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
Polymarket Perps LDO-USD
SunX LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
BloFin LDO-USDT
Deribit LDO_USDC-PERPETUAL
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP