Funding you earn now, next payment 08:00 UTC+0.0125%/8h= +13.7% APRpaid last 24h −0.013%
Price spread now: Kraken Futures against Binance−0.069%7-day average +0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$690.689% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.110%+$11 · spread now −0.069%, 7d avg +0.049%
=Funding pays, the price is against you. Kraken Futures is 0.118% cheaper against Binance than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of +0.049%). If the spread goes back, that is −$12 on $10k: about 3.1 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance LDOUSDT | 0.4212 | 0.0100 | pay 0.0100% / 8h | 17m 06s | $17.7M | $31.0M | 75x |
| Short | Kraken Futures PF_LDOUSD | 0.4209 | 0.0225 | get 0.0028% / 1h | 17m 06s | $1.1M | $729K | 50x |
Binance LDOUSDT
Kraken Futures PF_LDOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- $26.29
- Price spread: −0.069% → +0.049%
- −$11.8
- Slippage, 4 orders
- −$48.9
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$54.4
- Costs to cover
- 0.689%
- Break-even
- 21.5 days
Slippage from Binance: live order book, 9 min ago; Kraken Futures: live order book, 1 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 Binance live order book, 9 min ago | 1.19 bp | 10.7 bp −$11 | 25.9 bp −$259 | 253.5 bp −$25.3K | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 10.69 bp | 19.0 bp −$19 | 128.7 bp −$1,287 | 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 | −0.0920% | 1h | 0.4203 | −0.204% | $117K | $39K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4214 | +0.048% | $81K | $5K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −2.412% | $4K | $11 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4211 | −0.011% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4215 | +0.074% | $11.5M | $3.0M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4211 | −0.009% | $166K | $91K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4213 | +0.034% | $106K | $28K | 10x | as long as short |
| Binance LDOUSDTlong | +0.0100% | 8h | 0.4212 | long leg | $17.7M | $31.0M | 75x | |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4208 | −0.085% | $16.1M | $10.0M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4209 | −0.061% | $4.0M | $6.6M | 50x | as long as short |
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Injective LDO/USDC PERP
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDO
Bybit LDOUSDT
OKX LDO-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate LDO_USDT | +0.0100% | 8h | 0.4211 | −0.014% | $1.4M | $1.2M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4210 | −0.037% | $6.6M | $5.5M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4211 | −0.014% | $2.7M | $3.3M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4211 | −0.014% | $3.2M | $3.0M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4209 | −0.061% | — | $10.1M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4210 | −0.042% | $88K | $177K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4192 | −0.470% | $200K | $66K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4209 | −0.063% | $302K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4210 | −0.037% | $31K | $633K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4211 | −0.004% | $24K | $375K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4308 | +2.289% | $2K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4207 | −0.105% | $252K | $1.4M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4208 | −0.075% | $37K | — | 3x | as long as short |
| BloFin LDO-USDT | +0.0119% | 8h | 0.4208 | −0.085% | $886K | $258K | 75x | as long as short |
| Kraken Futures PF_LDOUSDshort | +0.0225% | 1h | 0.4209 | −0.069% | $1.1M | $729K | 50x | |
| Deribit LDO_USDC-PERPETUAL | +0.0225% | 1h | 0.4209 | −0.061% | $7K | $20K | 25x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0318% / S −0.0201% | 1h | 0.4208 | −0.077% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0346% | 1h | 0.4207 | −0.118% | $293K | — | 15x | as long as short |
| Lighter LDO | +0.0368% | 1h | 0.4219 | +0.167% | $850K | $271K | 10x | as long as short |
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
BloFin LDO-USDT
Deribit LDO_USDC-PERPETUAL
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Lighter LDO