Funding you earn now, next payment 23:00 UTC−0.0388%/8h= −42.5% APRpaid last 24h −0.040%
Price spread now: Kraken Futures against BingX+0.038%7-day average +0.098% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$690.686% of the position
Funding, last 7 days−0.412%−$41 on $10k
+Price spread, last 3 days (all we have)+0.198%+$20 · spread now +0.038%, 7d avg +0.098%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Kraken Futures is 0.060% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.098%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ALGO-USDT | 0.1118 | 0.0100 | pay 0.0100% / 8h | 1h 32m | — | $3.3M | — |
| Short | Kraken Futures PF_ALGOUSD | 0.1119 | −0.0288 | pay 0.0036% / 1h | 32m 10s | $835K | $1.2M | 50x |
BingX ALGO-USDT
Kraken Futures PF_ALGOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- −$81.47
- Price spread: +0.038% → +0.098%
- −$5.98
- Slippage, 4 orders
- −$48.65
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$156.1
- Costs to cover
- 0.686%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; Kraken Futures: live order book, 1 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 BingX live order book, 3 min ago | 2.68 bp | 13.3 bp −$13 | 27.6 bp −$276 | 158.2 bp −$15.8K | 671.0 bp −$335.5K |
| Sell Kraken Futures live order book, 1 min ago | 7.60 bp | 22.1 bp −$22 | 41.1 bp −$411 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALGO_USDC-PERPETUAL | −0.0643% | 1h | 0.1119 | +0.045% | $101K | $50K | 25x | as long as short |
| Injective ALGO/USDC PERP | −0.0295% | 1h | 0.1120 | +0.161% | $834 | $233K | 12x | as long as short |
| Kraken Futures PF_ALGOUSDshort | −0.0288% | 1h | 0.1119 | +0.038% | $835K | $1.2M | 50x | |
| Bybit ALGOUSDT | −0.0106% | 8h | 0.1118 | +0.018% | $11.3M | $12.3M | 75x | as long as short |
| Variational Omni ALGO | −0.0086% | 8h | 0.1117 | −0.141% | $65K | $10K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0056% | 1h | 0.1121 | +0.215% | $62K | $332K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1119 | +0.064% | $6K | — | 150x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1120 | +0.161% | $3.7M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1119 | +0.064% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1119 | +0.063% | $9.8M | $34.9M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Injective ALGO/USDC PERP
Bybit ALGOUSDT
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1118 | −0.045% | $3.0M | $7.7M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1119 | +0.116% | $888K | $853K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1119 | +0.045% | $23.0M | $2.8M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1119 | +0.072% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1119 | +0.072% | $5.6M | $3.6M | 75x | as long as short |
| BingX ALGO-USDTlong | +0.0100% | 8h | 0.1118 | long leg | — | $3.3M | — | |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1118 | −0.063% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1121 | +0.250% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1117 | −0.065% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1118 | +0.009% | $488K | $792K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0253% / S −0.0187% | 1h | 0.1119 | +0.048% | $5K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1533% | 1h | 0.1120 | +0.119% | $160K | $4K | 5x | as long as short |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD