Funding you earn now, next payment 03:00 UTC+0.2175%/8h= +238.2% APRpaid last 24h +0.569%
Price spread now: dYdX against Bybit−0.058%7-day average +0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs+$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1431.426% of the position
Funding, last 7 days+1.590%+$159 on $10k
+Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.058%, 7d avg +0.085%
=Funding pays, the price is against you. dYdX is 0.143% cheaper against Bybit than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of +0.085%). If the spread goes back, that is −$14 on $10k: about 5 hours of funding at the current rate (+$65 a day). At the pace of the last 7 days (+1.590% in total) that is about 15 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ALGOUSDT | 0.1127 | 0.0100 | pay 0.0100% / 8h | 5h 36m | $11.8M | $12.4M | 75x |
| Short | dYdX ALGO-USD | 0.1126 | 0.2275 | get 0.0284% / 1h | 36m 54s | $162K | $4K | 5x |
Bybit ALGOUSDT
dYdX ALGO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Bybit. 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
- $456.83
- Price spread: −0.058% → +0.085%
- −$14.31
- Slippage, 4 orders
- −$121.62
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $299.89
- Costs to cover
- 1.426%
- Break-even
- 2.4 days
Slippage from Bybit: live order book, 1 min ago; dYdX: live order book, 27 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 Bybit live order book, 1 min ago | 2.22 bp | 18.7 bp −$19 | 43.2 bp −$432 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 27 min ago | 21.36 bp | 76.9 bp −$77 | 231.3 bp −$2,313 | 260.2 bp −$26.0K | 1430.4 bp −$715.2K |
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1127 | +0.021% | $17K | — | 150x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | 0.0000% | 1h | 0.1127 | +0.027% | $90K | $45K | 25x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0032% | 1h | 0.1124 | −0.231% | $71K | $272K | 50x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | −0.577% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1129 | +0.186% | $3.7M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1126 | −0.005% | $45K | $40K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1127 | +0.017% | $9.9M | $34.5M | 75x | as long as short |
| Bybit ALGOUSDTlong | +0.0100% | 8h | 0.1127 | long leg | $11.8M | $12.4M | 75x | |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1126 | −0.036% | $2.9M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1127 | +0.044% | $881K | $851K | 50x | as long as short |
gTrade (Gains Network) ALGO/USD
Deribit ALGO_USDC-PERPETUAL
Coinbase International ALGO-PERP-INTX
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance 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 | 0.1127 | +0.036% | $23.0M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1127 | 0.000% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1127 | +0.044% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1127 | +0.009% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1123 | −0.281% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1127 | +0.062% | $60K | $140K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1128 | +0.133% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1126 | −0.014% | $4K | $229K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1126 | −0.080% | $489K | $889K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0344% / S −0.0313% | 1h | 0.1127 | +0.024% | $7K | — | 100x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0351% | 1h | 0.1127 | +0.021% | $834K | $1.1M | 50x | as long as short |
| dYdX ALGO-USDshort | +0.2275% | 1h | 0.1126 | −0.058% | $162K | $4K | 5x |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
Kraken Futures PF_ALGOUSD