Funding you earn now, next payment 09:00 UTC+0.1473%/8h= +161.3% APRpaid last 24h +0.509%
Price spread now: dYdX against Binance−0.079%7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs+$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1151.151% of the position
Funding, last 7 days+1.632%+$163 on $10k
+Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.079%, 7d avg +0.023%
=Funding pays, the price is against you. dYdX is 0.102% cheaper against Binance than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of +0.023%). If the spread goes back, that is −$10 on $10k: about 6 hours of funding at the current rate (+$44 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ALGOUSDT | 0.1114 | 0.0100 | pay 0.0100% / 8h | 7h 56m | $9.5M | $34.5M | 75x |
| Short | dYdX ALGO-USD | 0.1113 | 0.1573 | get 0.0197% / 1h | 56m 44s | $161K | $5K | 5x |
Binance ALGOUSDT
dYdX ALGO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Binance. 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
- $309.26
- Price spread: −0.079% → +0.023%
- −$10.21
- Slippage, 4 orders
- −$95.09
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $183.95
- Costs to cover
- 1.151%
- Break-even
- 2.8 days
Slippage from Binance: live order book, 15 min ago; dYdX: live order book, 42 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 Binance live order book, 15 min ago | 0.45 bp | 11.5 bp −$12 | 30.1 bp −$301 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 42 min ago | 24.15 bp | 46.5 bp −$46 | 163.9 bp −$1,639 | 240.4 bp −$24.0K | 920.5 bp −$460.2K |
ALGO on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALGOUSD | −0.0025% | 1h | 0.1115 | +0.062% | $832K | $1.1M | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1114 | +0.018% | $16K | — | 150x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | 0.0000% | 1h | 0.1114 | +0.038% | $88K | $46K | 25x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.550% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1115 | +0.137% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1115 | +0.057% | $44K | $37K | 5x | as long as short |
| Binance ALGOUSDTlong | +0.0100% | 8h | 0.1114 | long leg | $9.5M | $34.5M | 75x | |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1113 | −0.106% | $11.2M | $13.1M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1113 | −0.097% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1113 | −0.115% | $837K | $915K | 50x | as long as short |
Kraken Futures PF_ALGOUSD
gTrade (Gains Network) ALGO/USD
Deribit ALGO_USDC-PERPETUAL
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1114 | +0.002% | $23.4M | $3.2M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1114 | +0.011% | $3.4M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1114 | +0.011% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1114 | −0.016% | — | $3.4M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1110 | −0.335% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1114 | +0.029% | $58K | $137K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1116 | +0.190% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1114 | −0.028% | $4K | $195K | 10x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0144% | 1h | 0.1117 | +0.244% | $63K | $194K | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1112 | −0.151% | $478K | $834K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0319% / S −0.0264% | 1h | 0.1114 | +0.048% | $6K | — | 100x | as long as short |
| dYdX ALGO-USDshort | +0.1573% | 1h | 0.1113 | −0.079% | $161K | $5K | 5x |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
Coinbase International ALGO-PERP-INTX
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]