Funding you earn now, next payment 09:00 UTC−0.0466%/8h= −51.1% APRpaid last 24h −0.010%
Price spread now: Kraken Futures against OKX+0.290%7-day average +0.107% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$790.788% of the position
Funding, last 7 days−0.068%−$7 on $10k
+Price spread, last 4 days (all we have)−0.283%−$28 · spread now +0.290%, 7d avg +0.107%
=The price spread pays, funding is against you. Kraken Futures is 0.183% dearer against OKX than usual: you sell high and buy low (spread +0.290% now, against its 7-day average of +0.107%): +$18 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 7 days (−0.068% in total) that is about 19 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.068% in total (about -3.6% 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 | OKX LDO-USDT-SWAP | 0.4222 | 0.0100 | pay 0.0100% / 8h | 7h 21m | $4.0M | $6.5M | 50x |
| Short | Kraken Futures PF_LDOUSD | 0.4234 | −0.0366 | pay 0.0046% / 1h | 21m 06s | $1.1M | $742K | 50x |
OKX LDO-USDT-SWAP
Kraken Futures PF_LDOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- −$97.96
- Price spread: +0.290% → +0.107%
- $18.28
- Slippage, 4 orders
- −$58.81
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$158.48
- Costs to cover
- 0.788%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Kraken Futures: live order book, 2 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 OKX live order book, 2 min ago | 1.18 bp | 15.5 bp −$15 | 59.4 bp −$594 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 13.01 bp | 20.1 bp −$20 | 142.6 bp −$1,426 | 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 | −0.0952% | 1h | 0.4225 | +0.071% | $116K | $41K | 50x | as long as short |
| Kraken Futures PF_LDOUSDshort | −0.0366% | 1h | 0.4234 | +0.290% | $1.1M | $742K | 50x | |
| dYdX LDO-USD | 0.0000% | 1h | 0.4229 | +0.173% | $81K | $3K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4236 | +0.332% | $7K | $20K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −2.653% | $4K | $11 | 12x | as long as short |
| BloFin LDO-USDT | +0.0077% | 8h | 0.4233 | +0.261% | $896K | $261K | 75x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4227 | +0.112% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4230 | +0.189% | $11.5M | $3.1M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4229 | +0.164% | $167K | $92K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4228 | +0.142% | $107K | $29K | 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 | 0.4224 | +0.052% | $18.0M | $31.5M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4220 | −0.047% | $16.2M | $10.0M | 50x | as long as short |
| OKX LDO-USDT-SWAPlong | +0.0100% | 8h | 0.4222 | long leg | $4.0M | $6.5M | 50x | |
| Gate LDO_USDT | +0.0100% | 8h | 0.4230 | +0.189% | $1.5M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4233 | +0.261% | $7.0M | $5.7M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4232 | +0.237% | $2.6M | $3.2M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4220 | −0.047% | $3.2M | $2.8M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4226 | +0.095% | — | $10.2M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4231 | +0.223% | $87K | $176K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4179 | −1.026% | $200K | $67K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4229 | +0.165% | $305K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4220 | −0.047% | $31K | $637K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4232 | +0.237% | $25K | $375K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4333 | +2.629% | $1K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4232 | +0.231% | $254K | $1.4M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4234 | +0.294% | $37K | — | 3x | as long as short |
| Lighter LDO | +0.0208% | 1h | 0.4239 | +0.391% | $855K | $273K | 10x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0318% / S −0.0201% | 1h | 0.4231 | +0.212% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0347% | 1h | 0.4232 | +0.229% | $295K | — | 15x | as long as short |
Binance LDOUSDT
Bybit LDOUSDT
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
Lighter LDO
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP