Funding you earn now, next payment 09:00 UTC−0.0125%/8h= −13.7% APRpaid last 24h −0.069%
Price spread now: Kraken Futures against HTX+0.030%7-day average +0.106% · you sell dearer than you buy
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1091.095% of the position
Funding, last 7 days−0.382%−$38 on $10k
+Price spread, last 4 days (all we have)+0.208%+$21 · spread now +0.030%, 7d avg +0.106%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Kraken Futures is 0.076% cheaper against HTX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.106%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX ALGO-USDT | 0.1114 | 0.0100 | pay 0.0100% / 8h | 7h 52m | $58K | $137K | 75x |
| Short | Kraken Futures PF_ALGOUSD | 0.1114 | −0.0025 | pay 0.0003% / 1h | 52m 45s | $831K | $1.1M | 50x |
HTX ALGO-USDT
Kraken Futures PF_ALGOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against HTX. 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
- −$26.22
- Price spread: +0.030% → +0.106%
- −$7.57
- Slippage, 4 orders
- −$87.46
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$143.26
- Costs to cover
- 1.095%
- Break-even
- never at this rate
Slippage from HTX: live order book, 43 min ago; Kraken Futures: live order book, 1 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 HTX live order book, 43 min ago | 9.00 bp | 36.3 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 13.91 bp | 31.0 bp −$31 | 50.3 bp −$503 | 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 | −0.0109% | 1h | 0.1113 | −0.018% | $88K | $46K | 25x | as long as short |
| Kraken Futures PF_ALGOUSDshort | −0.0025% | 1h | 0.1114 | +0.030% | $831K | $1.1M | 50x | |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1114 | −0.006% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.575% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1114 | +0.054% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1113 | −0.020% | $44K | $37K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1113 | −0.074% | $9.5M | $34.4M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1112 | −0.117% | $11.2M | $13.0M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1112 | −0.117% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1112 | −0.162% | $837K | $915K | 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 | 0.1113 | −0.063% | $23.4M | $3.2M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1113 | −0.054% | $3.4M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1113 | −0.054% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1112 | −0.108% | — | $3.4M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1111 | −0.219% | $61K | $12K | — | as long as short |
| HTX ALGO-USDTlong | +0.0100% | 8h | 0.1114 | long leg | $58K | $137K | 75x | |
| Extended ALGO-USD | +0.0104% | 1h | 0.1113 | −0.079% | $7K | $198K | 10x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0144% | 1h | 0.1117 | +0.269% | $63K | $194K | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1113 | −0.072% | $481K | $834K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0319% / S −0.0264% | 1h | 0.1114 | +0.004% | $6K | — | 100x | as long as short |
| Phemex ALGOUSDT | +0.0568% | 8h | 0.1115 | +0.126% | $3.8M | $1.8M | 50x | as long as short |
| dYdX ALGO-USD | +0.1519% | 1h | 0.1113 | −0.090% | $160K | $5K | 5x | as long as short |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
Extended ALGO-USD
Coinbase International ALGO-PERP-INTX
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
Phemex ALGOUSDT
dYdX ALGO-USD