Funding you earn now, next payment 01:00 UTC+0.1184%/8h= +129.7% APRpaid last 24h +0.546%
Price spread now: dYdX against Bitget−0.182%53s7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$274as 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−$4184.178% of the position
Funding, last 7 days+1.439%+$144 on $10k
+Price spread, last 4 days (all we have)+0.210%+$21 · spread now −0.182%, 7d avg +0.022%
=Funding pays, the price is against you. dYdX is 0.204% cheaper against Bitget than usual: you would sell low and buy high (spread −0.182% now, against its 7-day average of +0.022%). If the spread goes back, that is −$20 on $10k: about 14 hours of funding at the current rate (+$36 a day). The two prices were read 53 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 | Bitget ALGOUSDT | 0.1120 | 0.0100 | pay 0.0100% / 8h | 7h 14m | $5.6M | $3.5M | 75x |
| Short | dYdX ALGO-USD | 0.1118 | 0.1284 | get 0.0161% / 1h | 14m 51s | $160K | $3K | 5x |
Bitget ALGOUSDT
dYdX ALGO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Bitget. 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
- $248.72
- Price spread: −0.182% → +0.022%
- −$20.37
- Slippage, 4 orders
- −$395.84
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$189.5
- Costs to cover
- 4.178%
- Break-even
- 12.3 days
Slippage from Bitget: live order book, 3 min ago; dYdX: live order book, 59 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 Bitget live order book, 3 min ago | 4.48 bp | 22.6 bp −$23 | 47.7 bp −$477 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 59 min ago | 54.84 bp | 317.6 bp −$318 | 330.4 bp −$3,304 | 335.7 bp −$33.6K | 1086.0 bp −$543.0K |
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 | −0.0565% | 1h | 0.1120 | +0.022% | $832K | $1.1M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0104% | 1h | 0.1114 | −0.580% | $87K | $273K | 50x | as long as short |
| Variational Omni ALGO | −0.0086% | 8h | 0.1116 | −0.341% | $61K | $12K | — | as long as short |
| Deribit ALGO_USDC-PERPETUAL | 0.0000% | 1h | 0.1119 | −0.071% | $101K | $49K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1119 | −0.111% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | 0.000% | $834 | $233K | 12x | as long as short |
| Extended ALGO-USD | +0.0096% | 1h | 0.1120 | −0.031% | $4K | $228K | 10x | as long as short |
| MEXC ALGO_USDT | +0.0097% | 8h | 0.1120 | −0.009% | $23.0M | $3.0M | 200x | as long as short |
| Binance ALGOUSDT | +0.0098% | 8h | 0.1120 | −0.011% | $10.1M | $34.6M | 75x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1122 | +0.143% | $3.7M | $1.8M | 5x | as long as short |
Kraken Futures PF_ALGOUSD
Coinbase International ALGO-PERP-INTX
Variational Omni ALGO
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Extended ALGO-USD
MEXC ALGO_USDT
Binance ALGOUSDT
Hyperliquid ALGOShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ALGOUSDT | +0.0100% | 8h | 0.1119 | −0.116% | $44K | $38K | 5x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1119 | −0.054% | $11.4M | $11.9M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1119 | −0.045% | $2.9M | $7.5M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1119 | −0.071% | $877K | $824K | 50x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1120 | −0.009% | $3.6M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDTlong | +0.0100% | 8h | 0.1120 | long leg | $5.6M | $3.5M | 75x | |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1119 | −0.045% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1118 | −0.170% | $63K | $141K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1121 | +0.089% | $3.8M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0218% | 8h | 0.1119 | −0.045% | $493K | $768K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0342% / S −0.0351% | 1h | 0.1119 | −0.085% | $7K | — | 100x | as long as short |
| dYdX ALGO-USDshort | +0.1284% | 1h | 0.1118 | −0.182% | $160K | $3K | 5x |
Aster ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
KuCoin ALGOUSDTM
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]