LDO

Alert

Funding spread now, next payment 19:00 UTC+0.0564%/8h

next payment, per $10,000+$0.71paid, last 24h+0.009%paid, last 5 days+0.068%to open and close $10k−$90

Long on Kraken Futures Short on Pacifica

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.068% in total (about 4.9% 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	0.4304	−0.0464	get 0.0058% / 1h	22m 15s	$1.1M	$531K	50x
Short	Pacifica LDO	0.4309	0.0100	get 0.0013% / 1h	22m 15s	$111K	$188K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee PacificabpOrdersRate

Funding earned: $118.51
Slippage, 4 orders: −$71.53
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $28.98
Break-even: 5.3 days

Slippage from Kraken Futures: live order book, 3 min ago; Pacifica: live order book, 12 min ago.

Price risk

price view

Price gap now: +0.128%
Avg gap 7d: −0.039%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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	13.93 bp	22.2 bp −$22	59.3 bp −$593	doesn't fit	doesn't fit
Sell Pacifica live order book, 12 min ago	8.10 bp	18.4 bp −$18	doesn't fit	doesn't fit	doesn't fit

LDO on 28 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective LDO/USDC PERP	−0.5000%	1h	$4K	$57K	12x	as long as short
Coinbase International LDO-PERP-INTX	−0.1392%	1h	$114K	$50K	50x	as long as short
Kraken Futures PF_LDOUSDlong	−0.0464%	1h	$1.1M	$531K	50x
Backpack LDO_USDC_PERP	−0.0241%	1h	$86K	$196K	10x	as long as short
dYdX LDO-USD	0.0000%	1h	$83K	$17K	5x	as long as short
Deribit LDO_USDC-PERPETUAL	0.0000%	1h	$3K	$10K	25x	as long as short
Gate LDO_USDT	+0.0060%	8h	$1.4M	$1.1M	50x	as long as short
BloFin LDO-USDT	+0.0086%	8h	$837K	$214K	75x	as long as short
Lighter LDO	+0.0096%	1h	$877K	$265K	10x	as long as short
Paradex LDO-USD-PERP	+0.0100%	8h	$3K	$56	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hyperliquid LDO	+0.0100%	1h	$12.0M	$3.4M	5x	as long as short
Aster LDOUSDT	+0.0100%	8h	$167K	$144K	10x	as long as short
Pacifica LDOshort	+0.0100%	1h	$111K	$188K	10x
Binance LDOUSDT	+0.0100%	8h	$17.9M	$38.8M	75x	as long as short
Bybit LDOUSDT	+0.0100%	8h	$16.6M	$13.3M	50x	as long as short
OKX LDO-USDT-SWAP	+0.0100%	8h	$4.0M	$9.4M	50x	as long as short
MEXC LDO_USDT	+0.0100%	8h	$9.2M	$7.9M	200x	as long as short
KuCoin LDOUSDTM	+0.0100%	8h	$2.7M	$4.3M	50x	as long as short
Bitget LDOUSDT	+0.0100%	8h	$3.3M	$3.7M	75x	as long as short
BingX LDO-USDT	+0.0100%	8h	—	$5.0M	—	as long as short
Variational Omni LDO	+0.0100%	8h	$202K	$155K	—	as long as short
ApeX Omni LDOUSDT	+0.0100%	1h	$33K	$646K	50x	as long as short
Polymarket Perps LDO-USD	+0.0100%	1h	$23K	$792K	5x	as long as short
SunX LDO-USDT	+0.0100%	8h	$1K	$1.5M	20x	as long as short
Extended LDO-USD	+0.0104%	1h	$258K	$1.0M	25x	as long as short
Aevo LDO-PERP	+0.0104%	1h	$38K	—	3x	as long as short
GMX LDO/USD [ETH-USDC]	L +0.0312% / S −0.0193%	1h	$23K	—	100x	as long as short
Reya LDORUSDPERP	+0.0328%	1h	$300K	—	15x	as long as short