Funding you earn now, next payment 07:00 UTC−0.0278%/8h= −30.5% APRnext payment −$0.35 per $10,000 · paid last 24h +0.007%
Price spread now: Polymarket Perps against Kraken Futures−0.130%48s7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$670.671% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.130%, 7d avg −0.047%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Polymarket Perps is 0.083% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.047%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_LDOUSD | 0.4248 | 0.0378 | pay 0.0047% / 1h | 54m 32s | $1.1M | $659K | 50x |
| Short | Polymarket Perps LDO-USD | 0.4242 | 0.0100 | get 0.0013% / 1h | 54m 32s | $22K | $375K | 5x |
Kraken Futures PF_LDOUSD
Polymarket Perps LDO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Kraken Futures. 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
- −$58.43
- Price spread: −0.130% → −0.047%
- −$8.31
- Slippage, 4 orders
- −$49.14
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$133.88
- Costs to cover
- 0.671%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; Polymarket Perps: live order book, 53 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 Kraken Futures live order book, 4 min ago | 7.05 bp | 31.9 bp −$32 | 109.3 bp −$1,093 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 53 min ago | 3.67 bp | 7.7 bp −$8 | 8.1 bp −$81 | 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 | −0.0648% | 1h | 0.4221 | −0.625% | $117K | $41K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4248 | +0.018% | $82K | $5K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4246 | −0.036% | $7K | $20K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −3.238% | $4K | $11 | 12x | as long as short |
| BloFin LDO-USDT | +0.0092% | 8h | 0.4243 | −0.107% | $893K | $259K | 75x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4241 | −0.164% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4247 | −0.017% | $11.6M | $3.1M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4245 | −0.061% | $167K | $92K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4244 | −0.083% | $107K | $28K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4239 | −0.192% | $17.7M | $31.1M | 75x | as long as short |
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
Injective LDO/USDC PERP
BloFin LDO-USDT
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDO
Binance LDOUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit LDOUSDT | +0.0100% | 8h | 0.4238 | −0.224% | $16.1M | $10.2M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4239 | −0.201% | $4.0M | $6.8M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4247 | −0.013% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4241 | −0.154% | $7.0M | $5.9M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4245 | −0.060% | $2.7M | $3.4M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4243 | −0.107% | $3.3M | $3.0M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4243 | −0.107% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4245 | −0.050% | $90K | $181K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4245 | −0.065% | $198K | $62K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4253 | +0.132% | $303K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4250 | +0.058% | $32K | $638K | 50x | as long as short |
| Polymarket Perps LDO-USDshort | +0.0100% | 1h | 0.4242 | −0.130% | $22K | $375K | 5x | |
| SunX LDO-USDT | +0.0100% | 8h | 0.4344 | +2.271% | $2K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4238 | −0.221% | $259K | $1.2M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4245 | −0.052% | $38K | — | 3x | as long as short |
| Lighter LDO | +0.0120% | 1h | 0.4251 | +0.091% | $857K | $269K | 10x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0319% / S −0.0201% | 1h | 0.4245 | −0.057% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0344% | 1h | 0.4238 | −0.216% | $296K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSDlong | +0.0378% | 1h | 0.4248 | long leg | $1.1M | $659K | 50x |
Bybit LDOUSDT
OKX LDO-USDT-SWAP
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
SunX LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
Lighter LDO
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP