Funding you earn now, next payment 22:00 UTC−0.2097%/8h= −229.6% APRnext payment −$2.62 per $10,000 · paid last 24h −0.693%
Price spread now: Deribit against dYdX−0.138%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$479as in the Funding arb table
Net, price: spread back to 7d avg − costs−$229as in the Price arb table
costs, in and out, $10k−$2192.188% of the position
Funding, last 7 days−2.604%−$260 on $10k
+Price spread, last 3 days (all we have)+0.253%+$25 · spread now −0.138%, 7d avg −0.039%
=Both sides work against this trade now: funding costs −$63 a day on $10k at the current rate, and Deribit is 0.099% cheaper against dYdX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.039%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX ALGO-USD | 0.1124 | 0.1368 | pay 0.0171% / 1h | 24m 28s | $161K | $5K | 5x |
| Short | Deribit ALGO_USDC-PERPETUAL | 0.1122 | −0.0729 | pay 0.0091% / 1h | 24m 28s | $102K | $50K | 25x |
dYdX ALGO-USD
Deribit ALGO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$440.34
- Price spread: −0.138% → −0.039%
- −$9.94
- Slippage, 4 orders
- −$201.79
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$669.07
- Costs to cover
- 2.188%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 64 min ago; Deribit: live order book, 63 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, 64 min ago | 90.64 bp | 95.6 bp −$96 | 95.6 bp −$956 | 97.0 bp −$9,704 | 1014.6 bp −$507.3K |
| Sell Deribit live order book, 63 min ago | 3.58 bp | 9.8 bp −$10 | 18.5 bp −$185 | 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-PERPETUALshort | −0.0729% | 1h | 0.1122 | −0.138% | $102K | $50K | 25x | |
| Injective ALGO/USDC PERP | −0.0212% | 1h | 0.1115 | −0.779% | $830 | $175K | 12x | as long as short |
| Bybit ALGOUSDT | −0.0129% | 8h | 0.1121 | −0.236% | $11.3M | $12.2M | 75x | as long as short |
| Variational Omni ALGO | −0.0087% | 8h | 0.1123 | −0.080% | $65K | $10K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1124 | +0.040% | $62K | $332K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1123 | −0.042% | $6K | — | 150x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0092% | 1h | 0.1123 | −0.060% | $842K | $1.2M | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1124 | −0.002% | $3.8M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1122 | −0.145% | $44K | $31K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1122 | −0.162% | $9.9M | $34.8M | 75x | as long as short |
Injective ALGO/USDC PERP
Bybit ALGOUSDT
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Kraken Futures PF_ALGOUSD
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 | 0.1122 | −0.156% | $3.0M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1122 | −0.129% | $884K | $819K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1122 | −0.147% | $23.1M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1123 | −0.094% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1123 | −0.067% | $5.7M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1122 | −0.165% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1122 | −0.147% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1124 | +0.022% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1122 | −0.151% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1123 | −0.112% | $490K | $797K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0237% / S −0.0158% | 1h | 0.1123 | −0.081% | $5K | — | 100x | as long as short |
| dYdX ALGO-USDlong | +0.1368% | 1h | 0.1124 | long leg | $161K | $5K | 5x |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]