Funding you earn now, next payment 08:00 UTC−0.0795%/8h= −87.1% APRpaid last 24h −0.509%
Price spread now: MEXC against dYdX−0.211%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$267as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1041.043% of the position
Funding, last 7 days−1.632%−$163 on $10k
+Price spread, last 4 days (all we have)+0.196%+$20 · spread now −0.211%, 7d avg −0.021%
=Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and MEXC is 0.190% cheaper against dYdX than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.021%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX ALGO-USD | 0.1113 | 0.0895 | pay 0.0112% / 1h | 38m 10s | $160K | $5K | 5x |
| Short | MEXC ALGO_USDT | 0.1110 | 0.0100 | get 0.0100% / 8h | 38m 10s | $23.4M | $3.2M | 200x |
dYdX ALGO-USD
MEXC ALGO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$167.01
- Price spread: −0.211% → −0.021%
- −$18.98
- Slippage, 4 orders
- −$94.27
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$290.26
- Costs to cover
- 1.043%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 1 min ago; MEXC: live order book, just now.
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, 1 min ago | 24.15 bp | 45.0 bp −$45 | 106.2 bp −$1,062 | 144.8 bp −$14.5K | 807.1 bp −$403.5K |
| Sell MEXC live order book, just now | 0.90 bp | 7.4 bp −$7 | 26.9 bp −$269 | 471.2 bp −$47.1K | 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 | −0.0380% | 1h | 0.1111 | −0.166% | $87K | $46K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0265% | 1h | 0.1111 | −0.157% | $828K | $1.1M | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1112 | −0.058% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.642% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1111 | −0.131% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1111 | −0.122% | $44K | $37K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1110 | −0.247% | $9.4M | $34.4M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1110 | −0.256% | $11.2M | $12.9M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1110 | −0.220% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1112 | −0.076% | $837K | $949K | 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_USDTshort | +0.0100% | 8h | 0.1110 | −0.211% | $23.4M | $3.2M | 200x | |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1110 | −0.220% | $3.5M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1111 | −0.166% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1111 | −0.202% | — | $3.4M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1117 | +0.358% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1113 | −0.031% | $58K | $137K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1113 | +0.013% | $3.7M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1110 | −0.220% | $4K | $191K | 10x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0144% | 1h | 0.1117 | +0.400% | $63K | $194K | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1113 | −0.022% | $471K | $876K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0319% / S −0.0264% | 1h | 0.1112 | −0.109% | $6K | — | 100x | as long as short |
| dYdX ALGO-USDlong | +0.0895% | 1h | 0.1113 | long leg | $160K | $5K | 5x |
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]