Funding you earn now, next payment 08:00 UTC−0.1138%/8h= −124.6% APRnext payment −$1.42 per $10,000 · paid last 24h −0.526%
Price spread now: Coinbase International against dYdX−0.236%7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$368as in the Funding arb table
Net, price: spread back to 7d avg − costs−$190as in the Price arb table
costs, in and out, $10k−$1721.715% of the position
Funding, last 7 days−1.968%−$197 on $10k
+Price spread, last 4 days (all we have)−0.094%−$9 · spread now −0.236%, 7d avg −0.052%
=Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and Coinbase International is 0.184% cheaper against dYdX than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.052%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX ALGO-USD | 0.1119 | 0.1282 | pay 0.0160% / 1h | 12m 24s | $162K | $6K | 5x |
| Short | Coinbase International ALGO-PERP-INTX | 0.1117 | 0.0144 | get 0.0018% / 1h | 12m 24s | $63K | $182K | 50x |
dYdX ALGO-USD
Coinbase International ALGO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$238.95
- Price spread: −0.236% → −0.052%
- −$18.41
- Slippage, 4 orders
- −$151.5
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$428.87
- Costs to cover
- 1.715%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 22 min ago; Coinbase International: live order book, 20 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, 22 min ago | 3.57 bp | 59.9 bp −$60 | 124.5 bp −$1,245 | 225.1 bp −$22.5K | 1262.2 bp −$631.1K |
| Sell Coinbase International live order book, 20 min ago | 6.76 bp | 17.1 bp −$17 | 24.0 bp −$240 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALGO_USDC-PERPETUAL | −0.0107% | 1h | 0.1119 | −0.040% | $88K | $45K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0025% | 1h | 0.1119 | −0.055% | $832K | $1.1M | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1118 | −0.079% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.059% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1119 | −0.040% | $3.4M | $2.4M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1117 | −0.213% | $44K | $38K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.147% | $9.5M | $34.3M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.156% | $11.1M | $13.0M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1119 | −0.066% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1116 | −0.272% | $840K | $921K | 50x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance 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 | 0.1118 | −0.156% | $23.7M | $3.3M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1117 | −0.183% | $3.4M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.120% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1117 | −0.191% | — | $3.4M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1119 | −0.059% | $61K | $11K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1117 | −0.245% | $58K | $131K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1117 | −0.209% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1118 | −0.102% | $7K | $194K | 10x | as long as short |
| Coinbase International ALGO-PERP-INTXshort | +0.0144% | 1h | 0.1117 | −0.236% | $63K | $182K | 50x | |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1119 | −0.049% | $477K | $837K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0323% / S −0.0273% | 1h | 0.1118 | −0.082% | $6K | — | 100x | as long as short |
| dYdX ALGO-USDlong | +0.1282% | 1h | 0.1119 | long leg | $162K | $6K | 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]