Funding you earn now, next payment 08:00 UTC−0.0810%/8h= −88.7% APRpaid last 24h −0.509%
Price spread now: Binance against dYdX+0.031%7-day average −0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$465as in the Funding arb table
Net, price: spread back to 7d avg − costs−$296as in the Price arb table
costs, in and out, $10k−$3023.017% of the position
Funding, last 7 days−1.632%−$163 on $10k
+Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.031%, 7d avg −0.023%
=The price spread pays, funding is against you. Binance is 0.054% dearer against dYdX than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of −0.023%): +$5 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 5 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX ALGO-USD | 0.1117 | 0.0910 | pay 0.0114% / 1h | 41m 31s | $161K | $5K | 5x |
| Short | Binance ALGOUSDT | 0.1118 | 0.0100 | get 0.0100% / 8h | 41m 31s | $9.5M | $34.4M | 75x |
dYdX ALGO-USD
Binance ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against dYdX. 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
- −$170.12
- Price spread: +0.031% → −0.023%
- $5.37
- Slippage, 4 orders
- −$281.72
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$466.48
- Costs to cover
- 3.017%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 62 min ago; Binance: live order book, 15 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 dYdX live order book, 62 min ago | 132.05 bp | 143.0 bp −$143 | 236.5 bp −$2,365 | 256.3 bp −$25.6K | 903.1 bp −$451.5K |
| Sell Binance live order book, 15 min ago | 0.45 bp | 11.3 bp −$11 | 32.8 bp −$328 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALGOUSD | −0.0264% | 1h | 0.1118 | +0.065% | $833K | $1.1M | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1115 | −0.247% | $16K | — | 150x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | 0.0000% | 1h | 0.1115 | −0.168% | $88K | $45K | 25x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.235% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1118 | +0.065% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1117 | −0.003% | $44K | $37K | 5x | as long as short |
| Binance ALGOUSDTshort | +0.0100% | 8h | 0.1118 | +0.031% | $9.5M | $34.4M | 75x | |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1117 | +0.002% | $11.3M | $12.9M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1117 | −0.007% | $2.7M | $7.9M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1116 | −0.087% | $841K | $949K | 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 | 0.1116 | −0.078% | $23.5M | $3.2M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1116 | −0.078% | $3.5M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1117 | −0.034% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1117 | −0.061% | — | $3.4M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1112 | −0.487% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1114 | −0.275% | $58K | $137K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1119 | +0.145% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1116 | −0.099% | $4K | $197K | 10x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0144% | 1h | 0.1117 | −0.025% | $63K | $194K | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1115 | −0.213% | $475K | $878K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0319% / S −0.0264% | 1h | 0.1115 | −0.241% | $6K | — | 100x | as long as short |
| dYdX ALGO-USDlong | +0.0910% | 1h | 0.1117 | long leg | $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]