Settings8H · net · $10k
Funding arb · Price arb /

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0192%/8h= +21.0% APRnext payment +$0.24 per $10,000 · paid last 24h +0.346%
Price spread now: Kraken Futures against Injective+2.401%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+1.430%+$143 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kraken Futures is 2.401% dearer against Injective than usual: you sell high and buy low: +$240 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective LDO/USDC PERP0.41100.0033pay 0.0004% / 1h16m 52s$4K$1112x
ShortKraken Futures PF_LDOUSD0.42090.0225get 0.0028% / 1h16m 52s$1.1M$729K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Injective. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$40.29
Price spread: +2.401% → 0.000%
$240.09
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$270.37
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Kraken Futures live order book, 2 min ago10.69 bp19.0 bp −$19128.7 bp −$1,287doesn't fitdoesn't fit
Injective: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International LDO-PERP-INTX−0.0920%1h0.4203+2.263%$117K$39K50xas long as short
dYdX LDO-USD0.0000%1h0.4214+2.521%$81K$5K5xas long as short
Injective LDO/USDC PERPlong+0.0033%1h0.4110long leg$4K$1112x
Paradex LDO-USD-PERP+0.0100%8h0.4211+2.460%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4215+2.547%$11.5M$3.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4211+2.464%$166K$91K10xas long as short
Pacifica LDO+0.0100%1h0.4213+2.506%$106K$28K10xas long as short
Binance LDOUSDT+0.0100%8h0.4212+2.482%$17.7M$31.0M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4207+2.360%$16.1M$10.0M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4209+2.409%$4.0M$6.6M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate LDO_USDT+0.0100%8h0.4211+2.457%$1.4M$1.2M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4211+2.457%$6.6M$5.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4211+2.457%$2.7M$3.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4210+2.433%$3.2M$3.0M75xas long as short
BingX LDO-USDT+0.0100%8h0.4211+2.457%$10.1Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4210+2.428%$88K$177K10xas long as short
Variational Omni LDO+0.0100%8h0.4192+1.989%$200K$66Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4209+2.407%$302K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4210+2.433%$31K$633K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4211+2.467%$24K$375K5xas long as short
SunX LDO-USDT+0.0100%8h0.4308+4.818%$2K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4208+2.388%$252K$1.4M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4208+2.395%$37K3xas long as short
BloFin LDO-USDT+0.0119%8h0.4208+2.384%$886K$258K75xas long as short
Kraken Futures PF_LDOUSDshort+0.0225%1h0.4209+2.401%$1.1M$729K50x
Deribit LDO_USDC-PERPETUAL+0.0225%1h0.4209+2.409%$7K$20K25xas long as short
GMX LDO/USD [ETH-USDC]L +0.0318% / S −0.0201%1h0.4208+2.393%$23K100xas long as short
Reya LDORUSDPERP+0.0346%1h0.4207+2.351%$293K15xas long as short
Lighter LDO+0.0368%1h0.4219+2.642%$850K$271K10xas long as short