Funding you earn now, next payment 08:00 UTC−0.0091%/8h= −10.0% APRnext payment −$0.11 per $10,000 · paid last 24h −0.072%
Price spread now: Kraken Futures against GMX+0.139%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Kraken Futures is 0.139% dearer against GMX than usual: you sell high and buy low (spread +0.139% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX LDO/USD [ETH-USDC] | 0.4185 | L +0.0317% / S −0.0201% | pay 0.0040% / 1h | 35m 07s | $23K | — | 100x |
| Short | Kraken Futures PF_LDOUSD | 0.4191 | 0.0226 | get 0.0028% / 1h | 35m 07s | $1.1M | $728K | 50x |
GMX LDO/USD [ETH-USDC]
Kraken Futures PF_LDOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against GMX. 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
- −$19.11
- Price spread: +0.139% → 0.000%
- $13.93
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$27.18
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 3 min ago. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 3 min ago | 15.50 bp | 25.6 bp −$26 | 118.9 bp −$1,189 | doesn't fit | doesn't fit |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.4172 | −0.308% | $116K | $39K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4184 | −0.018% | $81K | $5K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −1.790% | $4K | $11 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4186 | +0.034% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4199 | +0.344% | $11.4M | $3.0M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4189 | +0.109% | $165K | $91K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4186 | +0.025% | $106K | $28K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4193 | +0.199% | $17.6M | $31.0M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4191 | +0.146% | $16.0M | $10.0M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4193 | +0.194% | $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
Binance LDOUSDT
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 | 0.4188 | +0.074% | $1.4M | $1.2M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4194 | +0.217% | $6.6M | $5.5M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4184 | −0.022% | $2.6M | $3.3M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4192 | +0.170% | $3.2M | $3.0M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4192 | +0.170% | — | $10.1M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4194 | +0.208% | $89K | $177K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4183 | −0.053% | $199K | $66K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4216 | +0.755% | $296K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4190 | +0.122% | $31K | $633K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4189 | +0.103% | $22K | $371K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4285 | +2.392% | $1K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4186 | +0.023% | $254K | $1.4M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4186 | +0.037% | $37K | — | 3x | as long as short |
| BloFin LDO-USDT | +0.0119% | 8h | 0.4192 | +0.170% | $887K | $256K | 75x | as long as short |
| Kraken Futures PF_LDOUSDshort | +0.0226% | 1h | 0.4191 | +0.139% | $1.1M | $728K | 50x | |
| Lighter LDO | +0.0264% | 1h | 0.4194 | +0.217% | $845K | $270K | 10x | as long as short |
| GMX LDO/USD [ETH-USDC]long | L +0.0317% / S −0.0201% | 1h | 0.4185 | long leg | $23K | — | 100x | |
| Reya LDORUSDPERP | +0.0345% | 1h | 0.4185 | −0.004% | $292K | — | 15x | as long as short |
| Deribit LDO_USDC-PERPETUAL | +0.0467% | 1h | 0.4188 | +0.074% | $7K | $20K | 25x | 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
Lighter LDO
Reya LDORUSDPERP
Deribit LDO_USDC-PERPETUAL