Funding you earn now, next payment 06:00 UTC+0.1027%/8h= +112.5% APRnext payment +$1.28 per $10,000 · paid last 24h +0.287%
Price spread now: Kraken Futures against Coinbase International+0.490%7-day average +0.166% · you sell dearer than you buy
Net, funding: paid 7d − costs−$178as in the Funding arb table
Net, price: spread back to 7d avg − costs−$210as in the Price arb table
costs, in and out, $10k−$2422.424% of the position
Funding, last 7 days+0.648%+$65 on $10k
+Price spread, last 4 days (all we have)−0.614%−$61 · spread now +0.490%, 7d avg +0.166%
=Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and Kraken Futures is 0.324% dearer against Coinbase International than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of +0.166%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.648% in total (about 33.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.28 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 | Coinbase International LDO-PERP-INTX | 0.4213 | −0.0648 | get 0.0081% / 1h | 45m 37s | $117K | $41K | 50x |
| Short | Kraken Futures PF_LDOUSD | 0.4234 | 0.0379 | get 0.0047% / 1h | 45m 37s | $1.1M | $656K | 50x |
Coinbase International LDO-PERP-INTX
Kraken Futures PF_LDOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Coinbase International. 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
- $215.77
- Price spread: +0.490% → +0.166%
- $32.39
- Slippage, 4 orders
- −$222.36
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $5.8
- Costs to cover
- 2.424%
- Break-even
- 6.8 days
Slippage from Coinbase International: live order book, 62 min ago; Kraken Futures: live order book, 3 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 Coinbase International live order book, 62 min ago | 27.25 bp | 34.6 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 7.08 bp | 21.1 bp −$21 | 95.6 bp −$956 | 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-INTXlong | −0.0648% | 1h | 0.4213 | long leg | $117K | $41K | 50x | |
| dYdX LDO-USD | 0.0000% | 1h | 0.4231 | +0.431% | $82K | $5K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4232 | +0.451% | $7K | $20K | 25x | as long as short |
| Backpack LDO_USDC_PERP | +0.0020% | 1h | 0.4231 | +0.430% | $89K | $181K | 10x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −2.445% | $4K | $11 | 12x | as long as short |
| Lighter LDO | +0.0096% | 1h | 0.4237 | +0.563% | $854K | $270K | 10x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4227 | +0.338% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4231 | +0.437% | $11.5M | $3.1M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4231 | +0.425% | $166K | $92K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4230 | +0.407% | $107K | $28K | 10x | as long as short |
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
Backpack LDO_USDC_PERP
Injective LDO/USDC PERP
Lighter LDO
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 | 0.4229 | +0.381% | $17.7M | $30.9M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4226 | +0.309% | $16.0M | $10.1M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4227 | +0.332% | $4.0M | $6.8M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4230 | +0.404% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4230 | +0.404% | $6.8M | $5.9M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4230 | +0.404% | $2.7M | $3.4M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4226 | +0.309% | $3.3M | $3.0M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4230 | +0.404% | — | $10.0M | — | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4226 | +0.303% | $197K | $62K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4242 | +0.697% | $302K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4250 | +0.878% | $32K | $636K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4232 | +0.449% | $22K | $375K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4328 | +2.730% | $2K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4227 | +0.328% | $254K | $1.2M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4231 | +0.421% | $37K | — | 3x | as long as short |
| BloFin LDO-USDT | +0.0108% | 8h | 0.4239 | +0.617% | $894K | $259K | 75x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0319% / S −0.0201% | 1h | 0.4230 | +0.410% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0344% | 1h | 0.4227 | +0.329% | $295K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSDshort | +0.0379% | 1h | 0.4234 | +0.490% | $1.1M | $656K | 50x |
Binance LDOUSDT
Bybit LDOUSDT
OKX LDO-USDT-SWAP
Gate LDO_USDT
MEXC LDO_USDT
KuCoin LDOUSDTM
Bitget LDOUSDT
BingX LDO-USDT
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
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP