Funding you earn now, next payment 23:00 UTC−0.1476%/8h= −161.6% APRpaid last 24h −0.561%
Price spread now: Bitget against dYdX+0.367%53s7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$364as 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−$2232.233% of the position
Funding, last 7 days−1.403%−$140 on $10k
+Price spread, last 4 days (all we have)−0.400%−$40 · spread now +0.367%, 7d avg −0.021%
=The price spread pays, funding is against you. Bitget is 0.388% dearer against dYdX than usual: you sell high and buy low (spread +0.367% now, against its 7-day average of −0.021%): +$39 on $10k if it goes back. Holding the pair costs −$44 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−1.403% in total) that is about 46 hours. 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 | dYdX ALGO-USD | 0.1121 | 0.1576 | pay 0.0197% / 1h | 42m 54s | $161K | $5K | 5x |
| Short | Bitget ALGOUSDT | 0.1125 | 0.0100 | get 0.0100% / 8h | 1h 42m | $5.7M | $3.5M | 75x |
dYdX ALGO-USD
Bitget ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$309.95
- Price spread: +0.367% → −0.021%
- $38.81
- Slippage, 4 orders
- −$201.25
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$494.39
- Costs to cover
- 2.233%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 41 min ago; Bitget: live order book, 5 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, 41 min ago | 74.83 bp | 79.8 bp −$80 | 79.8 bp −$798 | 86.8 bp −$8,680 | 1074.7 bp −$537.3K |
| Sell Bitget live order book, 5 min ago | 4.47 bp | 20.5 bp −$21 | 51.3 bp −$513 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ALGO/USDC PERP | −0.0295% | 1h | 0.1117 | −0.346% | $832 | $202K | 12x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0286% | 1h | 0.1125 | +0.391% | $845K | $1.1M | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0284% | 1h | 0.1123 | +0.207% | $102K | $50K | 25x | as long as short |
| Bybit ALGOUSDT | −0.0105% | 8h | 0.1124 | +0.251% | $11.3M | $12.2M | 75x | as long as short |
| Variational Omni ALGO | −0.0090% | 8h | 0.1117 | −0.316% | $65K | $10K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0056% | 1h | 0.1118 | −0.284% | $62K | $331K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1122 | +0.114% | $6K | — | 150x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1126 | +0.474% | $3.8M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1125 | +0.343% | $44K | $31K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1125 | +0.363% | $10.0M | $34.7M | 75x | as long as short |
Injective ALGO/USDC PERP
Kraken Futures PF_ALGOUSD
Deribit ALGO_USDC-PERPETUAL
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 | 0.1124 | +0.269% | $3.0M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1124 | +0.269% | $884K | $845K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1124 | +0.296% | $23.1M | $2.8M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1125 | +0.394% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDTshort | +0.0100% | 8h | 0.1125 | +0.367% | $5.7M | $3.5M | 75x | |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1124 | +0.314% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1124 | +0.287% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1125 | +0.367% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1124 | +0.323% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1124 | +0.269% | $492K | $798K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0252% / S −0.0185% | 1h | 0.1122 | +0.096% | $5K | — | 100x | as long as short |
| dYdX ALGO-USDlong | +0.1576% | 1h | 0.1121 | long leg | $161K | $5K | 5x |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]