LDO

Alert

Funding spread now, next payment 17:00 UTC−0.0444%/8h

next payment, per $10,000−$0.56paid, last 24h−0.019%paid, last 5 days−0.061%to open and close $10k−$88

Long on Pacifica Short on Kraken Futures

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.061% in total (about -4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.56 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	Pacifica LDO	0.4358	0.0100	pay 0.0013% / 1h	1m 47s	$112K	$188K	10x
Short	Kraken Futures PF_LDOUSD	0.4363	−0.0344	pay 0.0043% / 1h	1m 47s	$1.2M	$590K	50x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PacificabpFee Kraken FuturesbpOrdersRate

Funding earned: −$93.33
Slippage, 4 orders: −$69.91
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$181.24
Break-even: never at this rate

Slippage from Pacifica: live order book, 42 min ago; Kraken Futures: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.108%
Avg gap 7d: +0.037%

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 Pacifica live order book, 42 min ago	5.73 bp	16.2 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	14.89 bp	28.4 bp −$28	191.5 bp −$1,915	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
Coinbase International LDO-PERP-INTX	−0.1456%	1h	$117K	$47K	50x	as long as short
Injective LDO/USDC PERP	−0.0806%	1h	$4K	$136K	12x	as long as short
Kraken Futures PF_LDOUSDshort	−0.0344%	1h	$1.2M	$590K	50x
Deribit LDO_USDC-PERPETUAL	−0.0209%	1h	$3K	$10K	25x	as long as short
Gate LDO_USDT	−0.0035%	8h	$1.4M	$1.1M	50x	as long as short
dYdX LDO-USD	0.0000%	1h	$84K	$17K	5x	as long as short
Bybit LDOUSDT	+0.0056%	8h	$16.6M	$13.1M	50x	as long as short
Lighter LDO	+0.0096%	1h	$887K	$279K	10x	as long as short
Paradex LDO-USD-PERP	+0.0099%	8h	$3K	$56	20x	as long as short
Hyperliquid LDO	+0.0100%	1h	$12.4M	$3.6M	5x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster LDOUSDT	+0.0100%	8h	$170K	$326K	10x	as long as short
Pacifica LDOlong	+0.0100%	1h	$112K	$188K	10x
Binance LDOUSDT	+0.0100%	8h	$18.2M	$40.1M	75x	as long as short
OKX LDO-USDT-SWAP	+0.0100%	8h	$4.1M	$9.8M	50x	as long as short
MEXC LDO_USDT	+0.0100%	8h	$9.1M	$7.8M	200x	as long as short
KuCoin LDOUSDTM	+0.0100%	8h	$2.7M	$4.3M	50x	as long as short
Bitget LDOUSDT	+0.0100%	8h	$3.4M	$3.8M	75x	as long as short
BingX LDO-USDT	+0.0100%	8h	—	$4.9M	—	as long as short
Backpack LDO_USDC_PERP	+0.0100%	1h	$86K	$199K	10x	as long as short
Variational Omni LDO	+0.0100%	8h	$219K	$156K	—	as long as short
ApeX Omni LDOUSDT	+0.0100%	1h	$33K	$646K	50x	as long as short
Polymarket Perps LDO-USD	+0.0100%	1h	$22K	$1.1M	5x	as long as short
SunX LDO-USDT	+0.0100%	8h	$2K	$1.5M	20x	as long as short
Extended LDO-USD	+0.0104%	1h	$262K	$1.0M	25x	as long as short
Aevo LDO-PERP	+0.0104%	1h	$39K	—	3x	as long as short
BloFin LDO-USDT	+0.0118%	8h	$838K	$176K	75x	as long as short
GMX LDO/USD [ETH-USDC]	L +0.0307% / S −0.0186%	1h	$24K	—	100x	as long as short
Reya LDORUSDPERP	+0.0326%	1h	$304K	—	15x	as long as short