Funding you earn now, next payment 05:00 UTC+0.0027%/8h= +2.9% APRnext payment +$0.03 per $10,000 · paid last 24h −0.048%
Price spread now: Kraken Futures against Extended+0.168%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$740.741% of the position
Funding, last 7 days−0.276%−$28 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.168%, 7d avg +0.097%
=Together, before fees−0.272%+ Points / potential airdropExtended: Active · farm board−$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kraken Futures is 0.070% dearer against Extended than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.097%. Mind the row above: over the last 7 days funding on this pair cost −0.276%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ALGO-USD | 0.1114 | 0.0104 | pay 0.0013% / 1h | 50m 27s | $4K | $231K | 10x |
| Short | Kraken Futures PF_ALGOUSD | 0.1116 | 0.0131 | get 0.0016% / 1h | 50m 27s | $830K | $1.0M | 50x |
Extended ALGO-USD
Kraken Futures PF_ALGOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. 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
- $5.63
- Price spread: +0.168% → +0.097%
- $7.05
- Slippage, 4 orders
- −$59.13
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$61.45
- Costs to cover
- 0.741%
- Break-even
- 83.4 days
Slippage from Extended: live order book, 1 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 Extended live order book, 1 min ago | 1.35 bp | 13.5 bp −$13 | 124.5 bp −$1,245 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 12.07 bp | 27.1 bp −$27 | 55.2 bp −$552 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1116 | +0.206% | $16K | — | 150x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | 0.0000% | 1h | 0.1116 | +0.171% | $88K | $44K | 25x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.566% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1115 | +0.099% | $3.6M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1116 | +0.170% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1114 | +0.024% | $9.7M | $34.3M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1113 | −0.089% | $11.2M | $12.5M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1114 | −0.017% | $2.8M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1115 | +0.135% | $863K | $900K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1114 | +0.054% | $23.1M | $3.1M | 200x | as long as short |
gTrade (Gains Network) ALGO/USD
Deribit ALGO_USDC-PERPETUAL
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1115 | +0.135% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1114 | +0.027% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1114 | +0.072% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1115 | +0.086% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1116 | +0.225% | $60K | $135K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0103% | 8h | 0.1117 | +0.297% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USDlong | +0.0104% | 1h | 0.1114 | long leg | $4K | $231K | 10x | |
| Kraken Futures PF_ALGOUSDshort | +0.0131% | 1h | 0.1116 | +0.168% | $830K | $1.0M | 50x | |
| Coinbase International ALGO-PERP-INTX | +0.0168% | 1h | 0.1117 | +0.261% | $88K | $284K | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1116 | +0.180% | $480K | $873K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0319% / S −0.0264% | 1h | 0.1116 | +0.194% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1198% | 1h | 0.1115 | +0.077% | $161K | $4K | 5x | as long as short |
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Phemex ALGOUSDT
Coinbase International ALGO-PERP-INTX
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD