Funding you earn now, next payment 07:00 UTC−0.1187%/8h= −130.0% APRnext payment −$1.48 per $10,000 · paid last 24h −0.579%
Price spread now: Kraken Futures against dYdX−0.008%7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$516as in the Funding arb table
Net, price: spread back to 7d avg − costs−$329as in the Price arb table
costs, in and out, $10k−$3243.244% of the position
Funding, last 7 days−1.918%−$192 on $10k
+Price spread, last 4 days (all we have)+0.205%+$21 · spread now −0.008%, 7d avg +0.035%
=Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and Kraken Futures is 0.042% cheaper against dYdX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.035%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX ALGO-USD | 0.1109 | 0.0914 | pay 0.0114% / 1h | 5m 20s | $160K | $5K | 5x |
| Short | Kraken Futures PF_ALGOUSD | 0.1109 | −0.0273 | pay 0.0034% / 1h | 5m 20s | $824K | $1.1M | 50x |
dYdX ALGO-USD
Kraken Futures PF_ALGOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$249.24
- Price spread: −0.008% → +0.035%
- −$4.25
- Slippage, 4 orders
- −$304.4
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$577.89
- Costs to cover
- 3.244%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 39 min ago; Kraken Futures: live order book, 3 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, 39 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 Kraken Futures live order book, 3 min ago | 9.93 bp | 23.0 bp −$23 | 39.8 bp −$398 | 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 | −0.0291% | 1h | 0.1108 | −0.062% | $88K | $45K | 25x | as long as short |
| Kraken Futures PF_ALGOUSDshort | −0.0273% | 1h | 0.1109 | −0.008% | $824K | $1.1M | 50x | |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1108 | −0.053% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.020% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1109 | +0.019% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1108 | −0.095% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1107 | −0.160% | $9.4M | $34.4M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1107 | −0.152% | $10.9M | $12.7M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1107 | −0.170% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1106 | −0.225% | $838K | $947K | 50x | as long as short |
Deribit ALGO_USDC-PERPETUAL
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 | 0.1107 | −0.152% | $23.0M | $3.2M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1107 | −0.143% | $3.5M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1108 | −0.062% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1108 | −0.107% | — | $3.4M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1107 | −0.129% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1109 | +0.037% | $60K | $133K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1110 | +0.118% | $3.7M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1108 | −0.080% | $4K | $199K | 10x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0136% | 1h | 0.1109 | +0.073% | $63K | $193K | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1107 | −0.170% | $471K | $874K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0318% / S −0.0264% | 1h | 0.1108 | −0.080% | $6K | — | 100x | as long as short |
| dYdX ALGO-USDlong | +0.0914% | 1h | 0.1109 | long leg | $160K | $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]