Funding you earn now, next payment 21:00 UTC+0.0586%/8h= +64.2% APRnext payment +$0.73 per $10,000 · paid last 24h +0.002%
Price spread now: Polymarket Perps against Kraken Futures+0.141%7-day average −0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$670.669% of the position
Funding, last 7 days−0.198%−$20 on $10k
+Price spread, last 3 days (all we have)−0.174%−$17 · spread now +0.141%, 7d avg −0.051%
=Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Polymarket Perps is 0.192% dearer against Kraken Futures than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.051%. Mind the row above: over the last 7 days funding on this pair cost −0.198%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.198% in total (about -10.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.73 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 | 0.4368 | −0.0486 | get 0.0061% / 1h | 31m 48s | $1.2M | $512K | 50x |
| Short | Polymarket Perps LDO-USD | 0.4374 | 0.0100 | get 0.0013% / 1h | 31m 48s | $26K | $716K | 5x |
Kraken Futures PF_LDOUSD
Polymarket Perps LDO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $123.16
- Price spread: +0.141% → −0.051%
- $19.24
- Slippage, 4 orders
- −$48.89
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $75.5
- Costs to cover
- 0.669%
- Break-even
- 2.7 days
Slippage from Kraken Futures: live order book, 2 min ago; Polymarket Perps: live order book, 16 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, 2 min ago | 14.89 bp | 20.5 bp −$21 | 130.9 bp −$1,309 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 16 min ago | 3.57 bp | 9.6 bp −$10 | 9.8 bp −$98 | 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 | −0.0904% | 1h | 0.4310 | −1.331% | $116K | $52K | 50x | as long as short |
| Kraken Futures PF_LDOUSDlong | −0.0486% | 1h | 0.4368 | long leg | $1.2M | $512K | 50x | |
| dYdX LDO-USD | 0.0000% | 1h | 0.4368 | +0.002% | $84K | $17K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4369 | +0.020% | $3K | $10K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4270 | −2.246% | $4K | $111 | 12x | as long as short |
| BloFin LDO-USDT | +0.0097% | 8h | 0.4370 | +0.043% | $796K | $230K | 75x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4366 | −0.051% | $3K | $56 | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4377 | +0.194% | $12.2M | $3.4M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4371 | +0.074% | $172K | $148K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4370 | +0.048% | $112K | $182K | 10x | as long as short |
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
Injective LDO/USDC PERP
BloFin LDO-USDT
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDOShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance LDOUSDT | +0.0100% | 8h | 0.4371 | +0.064% | $18.2M | $38.1M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4366 | −0.049% | $16.9M | $13.0M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4365 | −0.071% | $4.1M | $9.2M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4368 | −0.003% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4370 | +0.043% | $9.1M | $7.5M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4371 | +0.066% | $2.7M | $4.3M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4368 | −0.003% | $3.3M | $3.6M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4368 | −0.003% | — | $3.8M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4370 | +0.048% | $86K | $188K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4350 | −0.425% | $203K | $119K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4354 | −0.320% | $310K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4370 | +0.043% | $33K | $647K | 50x | as long as short |
| Polymarket Perps LDO-USDshort | +0.0100% | 1h | 0.4374 | +0.141% | $26K | $716K | 5x | |
| SunX LDO-USDT | +0.0100% | 8h | 0.4470 | +2.332% | $1K | $1.4M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4366 | −0.043% | $262K | $1.0M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4369 | +0.030% | $39K | — | 3x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0319% / S −0.0201% | 1h | 0.4366 | −0.058% | $24K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0331% | 1h | 0.4361 | −0.159% | $304K | — | 15x | as long as short |
| Lighter LDO | +0.0344% | 1h | 0.4379 | +0.247% | $887K | $264K | 10x | as long as short |
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
Variational Omni LDO
GRVT LDO_USDT_Perp
ApeX Omni LDOUSDT
SunX LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Lighter LDO