Funding you earn now, next payment 09:00 UTC−0.0471%/8h= −51.6% APRpaid last 24h −0.010%
Price spread now: Kraken Futures against Variational Omni+0.166%7-day average +0.114% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.059%+$6 on $10k
+Price spread, last 4 days (all we have)−0.253%−$25 · spread now +0.166%, 7d avg +0.114%
=Together, before fees−0.194%+ Points / potential airdropVariational Omni: Active · farm board−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.052% dearer against Variational Omni than usual: you sell high and buy low (spread +0.166% now, against its 7-day average of +0.114%): +$5 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 9 hours. Mind the row above: over the last 4 days funding on this pair paid +0.059%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.059% in total (about 5.9% a year). A funding rate is set anew for every payment. 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 | Variational Omni LDO | 0.4176 | 0.0100 | pay 0.0100% / 8h | 7h 29m | $200K | $67K | — |
| Short | Kraken Futures PF_LDOUSD | 0.4183 | −0.0371 | pay 0.0046% / 1h | 29m 41s | $1.1M | $742K | 50x |
Variational Omni LDO
Kraken Futures PF_LDOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Variational Omni. 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
- −$98.9
- Price spread: +0.166% → +0.114%
- $5.2
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$103.71
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Kraken Futures: live order book, 4 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 Variational Omni RFQ quote, 4 min ago | 4.77 bp | doesn't fit | 33.4 bp −$334 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 7.17 bp | 21.4 bp −$21 | 93.9 bp −$939 | 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 | −0.0952% | 1h | 0.4180 | +0.100% | $114K | $41K | 50x | as long as short |
| Kraken Futures PF_LDOUSDshort | −0.0371% | 1h | 0.4183 | +0.166% | $1.1M | $742K | 50x | |
| dYdX LDO-USD | 0.0000% | 1h | 0.4180 | +0.108% | $80K | $5K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −1.576% | $4K | $11 | 12x | as long as short |
| BloFin LDO-USDT | +0.0077% | 8h | 0.4183 | +0.172% | $883K | $256K | 75x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4180 | +0.094% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4185 | +0.215% | $11.3M | $3.0M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4183 | +0.176% | $165K | $92K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4181 | +0.124% | $105K | $29K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4181 | +0.135% | $17.6M | $31.4M | 75x | as long as short |
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
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 | 0.4176 | +0.005% | $16.0M | $10.0M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4178 | +0.052% | $4.0M | $6.5M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4180 | +0.100% | $1.5M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4180 | +0.100% | $6.9M | $5.5M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4181 | +0.124% | $2.6M | $3.2M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4181 | +0.124% | $3.2M | $2.9M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4179 | +0.076% | — | $10.2M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4184 | +0.187% | $87K | $179K | 10x | as long as short |
| Variational Omni LDOlong | +0.0100% | 8h | 0.4176 | long leg | $200K | $67K | — | |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4193 | +0.411% | $299K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4190 | +0.340% | $31K | $635K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4181 | +0.124% | $24K | $375K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4277 | +2.423% | $2K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4175 | −0.015% | $251K | $1.4M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4185 | +0.220% | $37K | — | 3x | as long as short |
| Lighter LDO | +0.0200% | 1h | 0.4189 | +0.313% | $844K | $273K | 10x | as long as short |
| Deribit LDO_USDC-PERPETUAL | +0.0228% | 1h | 0.4185 | +0.220% | $7K | $20K | 25x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0317% / S −0.0201% | 1h | 0.4181 | +0.125% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0347% | 1h | 0.4180 | +0.103% | $292K | — | 15x | as long as short |
Bybit LDOUSDT
OKX LDO-USDT-SWAP
Gate LDO_USDT
MEXC LDO_USDT
KuCoin LDOUSDTM
Bitget LDOUSDT
BingX LDO-USDT
Backpack LDO_USDC_PERP
GRVT LDO_USDT_Perp
ApeX Omni LDOUSDT
Polymarket Perps LDO-USD
SunX LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
Lighter LDO
Deribit LDO_USDC-PERPETUAL
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP