LDO

Alert

Funding spread now, next payment 19:00 UTC−0.0563%/8h

next payment, per $10,000−$0.70paid, last 24h0.000%paid, last 7 days+0.210%to open and close $10k−$75

Long on Polymarket Perps Short on Kraken Futures

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.210% in total (about 11.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.70 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	Polymarket Perps LDO-USD	0.4322	0.0100	pay 0.0013% / 1h	10m 53s	$23K	$792K	5x
Short	Kraken Futures PF_LDOUSD	0.4317	−0.0463	pay 0.0058% / 1h	10m 53s	$1.1M	$531K	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee Kraken FuturesbpOrdersRate

Funding earned: −$118.2
Slippage, 4 orders: −$56.84
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$193.04
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 29 min ago; Kraken Futures: live order book, 4 min ago.

Price risk

price view

Price gap now: −0.121%
Avg gap 7d: +0.053%

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 Polymarket Perps live order book, 29 min ago	3.36 bp	7.4 bp −$7	7.9 bp −$79	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	11.56 bp	33.9 bp −$34	128.2 bp −$1,282	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_LDOUSDshort	−0.0463%	1h	$1.1M	$531K	50x
Backpack LDO_USDC_PERP	−0.0234%	1h	$87K	$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
BloFin LDO-USDT	+0.0082%	8h	$836K	$215K	75x	as long as short
Paradex LDO-USD-PERP	+0.0100%	8h	$3K	$56	20x	as long as short
Hyperliquid LDO	+0.0100%	1h	$12.0M	$3.4M	5x	as long as short
Aster LDOUSDT	+0.0100%	8h	$168K	$144K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica LDO	+0.0100%	1h	$111K	$188K	10x	as long as short
Binance LDOUSDT	+0.0100%	8h	$18.0M	$38.8M	75x	as long as short
Bybit LDOUSDT	+0.0100%	8h	$16.7M	$13.2M	50x	as long as short
OKX LDO-USDT-SWAP	+0.0100%	8h	$4.0M	$9.4M	50x	as long as short
Gate LDO_USDT	+0.0100%	8h	$1.4M	$1.1M	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	$201K	$155K	—	as long as short
ApeX Omni LDOUSDT	+0.0100%	1h	$32K	$646K	50x	as long as short
Polymarket Perps LDO-USDlong	+0.0100%	1h	$23K	$792K	5x
SunX LDO-USDT	+0.0100%	8h	$2K	$1.5M	20x	as long as short
Extended LDO-USD	+0.0104%	1h	$260K	$1.0M	25x	as long as short
Aevo LDO-PERP	+0.0104%	1h	$38K	—	3x	as long as short
Lighter LDO	+0.0144%	1h	$880K	$265K	10x	as long as short
GMX LDO/USD [ETH-USDC]	L +0.0313% / S −0.0194%	1h	$24K	—	100x	as long as short
Reya LDORUSDPERP	+0.0329%	1h	$301K	—	15x	as long as short