ALGO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1429%/8h= +156.4% APRnext payment +$1.79 per $10,000 · paid last 24h +0.536%

Price spread now: dYdX against Coinbase International−0.323%7-day average +0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs+$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1191.186% of the position

Long on Coinbase International Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.957%+$196 on $10k

Price spread, last 4 days (all we have)+0.303%+$30 · spread now −0.323%, 7d avg +0.058%

Together, before fees+2.260%+$226 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.381% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.323% now, against its 7-day average of +0.058%). If the spread goes back, that is −$38 on $10k: about 21 hours of funding at the current rate (+$43 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ALGO-PERP-INTX	0.1117	0.0144	pay 0.0018% / 1h	56m 00s	$63K	$194K	50x
Short	dYdX ALGO-USD	0.1113	0.1573	get 0.0197% / 1h	56m 00s	$161K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee dYdXbpOrdersPrice spread, now −0.323%Rate

Funding earned: $300.02
Price spread: −0.323% → +0.058%: −$38.07
Slippage, 4 orders: −$98.58
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: $143.37
Costs to cover: 1.186%
Break-even: 3.7 days

Slippage from Coinbase International: live order book, 42 min ago; dYdX: live order book, 43 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 Coinbase International live order book, 42 min ago	6.31 bp	12.2 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell dYdX live order book, 43 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
Deribit ALGO_USDC-PERPETUAL	−0.0289%	1h	0.1112	−0.385%	$88K	$46K	25x	as long as short
Kraken Futures PF_ALGOUSD	−0.0025%	1h	0.1113	−0.310%	$831K	$1.1M	50x	as long as short
gTrade (Gains Network) ALGO/USD	L −0.0001% / S +0.0003%	1h	0.1113	−0.339%	$16K	—	150x	as long as short
Injective ALGO/USDC PERP	+0.0033%	1h	0.1120	+0.304%	$834	$233K	12x	as long as short
Hyperliquid ALGO	+0.0100%	1h	0.1113	−0.358%	$3.4M	$2.3M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	0.1111	−0.462%	$44K	$37K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	0.1110	−0.627%	$9.5M	$34.5M	75x	as long as short
Bybit ALGOUSDT	+0.0100%	8h	0.1109	−0.645%	$11.1M	$13.0M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1109	−0.663%	$2.7M	$7.8M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	0.1112	−0.448%	$837K	$915K	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ALGO_USDT	+0.0100%	8h	0.1112	−0.376%	$23.4M	$3.2M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	0.1114	−0.278%	$3.4M	$1.4M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1109	−0.681%	$5.5M	$3.5M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1112	−0.430%	—	$3.4M	—	as long as short
Variational Omni ALGO	+0.0100%	8h	0.1110	−0.578%	$61K	$12K	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1114	−0.260%	$58K	$137K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	0.1116	−0.054%	$3.8M	$1.8M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	0.1112	−0.374%	$4K	$193K	10x	as long as short
Coinbase International ALGO-PERP-INTXlong	+0.0144%	1h	0.1117	long leg	$63K	$194K	50x
BloFin ALGO-USDT	+0.0220%	8h	0.1112	−0.394%	$478K	$834K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0319% / S −0.0264%	1h	0.1113	−0.367%	$6K	—	100x	as long as short
dYdX ALGO-USDshort	+0.1573%	1h	0.1113	−0.323%	$161K	$5K	5x