ALGO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1687%/8h= −184.8% APRpaid last 24h −0.561%

Price spread now: Bybit against dYdX−0.066%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$380as in the Funding arb table

Net, price: spread back to 7d avg − costs−$229as in the Price arb table

costs, in and out, $10k−$2312.311% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−1.491%−$149 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.066%, 7d avg −0.083%

Together, before fees−1.489%−$149 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.083%, so right now this pair is about funding alone: −$51 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ALGO-USD	0.1126	0.1588	pay 0.0198% / 1h	54m 03s	$161K	$3K	5x
Short	Bybit ALGOUSDT	0.1125	−0.0099	pay 0.0099% / 8h	54m 03s	$11.3M	$12.3M	75x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee dYdXbpFee BybitbpOrdersPrice spread, now −0.066%Rate

Slippage from dYdX: live order book, 25 min ago; Bybit: live order book, 4 min ago.

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, 25 min ago	56.27 bp	75.3 bp −$75	76.9 bp −$769	170.4 bp −$17.0K	971.3 bp −$485.7K
Sell Bybit live order book, 4 min ago	0.44 bp	15.7 bp −$16	39.7 bp −$397	doesn't fit	doesn't fit

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	−0.0460%	1h	0.1126	−0.048%	$102K	$50K	25x	as long as short
Kraken Futures PF_ALGOUSD	−0.0157%	1h	0.1126	−0.028%	$837K	$1.2M	50x	as long as short
Coinbase International ALGO-PERP-INTX	−0.0112%	1h	0.1121	−0.492%	$62K	$332K	50x	as long as short
Bybit ALGOUSDTshort	−0.0099%	8h	0.1125	−0.066%	$11.3M	$12.3M	75x
Variational Omni ALGO	−0.0082%	8h	0.1125	−0.137%	$65K	$10K	—	as long as short
gTrade (Gains Network) ALGO/USD	L +0.0001% / S +0.0003%	1h	0.1126	+0.018%	$6K	—	150x	as long as short
Injective ALGO/USDC PERP	+0.0026%	1h	0.1120	−0.545%	$834	$233K	12x	as long as short
Hyperliquid ALGO	+0.0100%	1h	0.1127	+0.085%	$3.8M	$1.9M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	0.1125	−0.060%	$44K	$36K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	0.1126	−0.033%	$9.9M	$34.8M	75x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1126	+0.023%	$3.0M	$7.8M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	0.1125	−0.128%	$888K	$834K	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	0.1125	−0.093%	$23.4M	$2.8M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	0.1125	−0.075%	$3.6M	$1.5M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1126	−0.013%	$5.7M	$3.6M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1125	−0.093%	—	$3.3M	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1125	−0.093%	$66K	$109K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	0.1128	+0.165%	$3.8M	$1.8M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	0.1125	−0.112%	$7K	$210K	10x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	0.1125	−0.075%	$489K	$795K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0260% / S −0.0194%	1h	0.1126	0.000%	$5K	—	100x	as long as short
dYdX ALGO-USDlong	+0.1588%	1h	0.1126	long leg	$161K	$3K	5x