Funding you earn now, next payment 06:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h +0.047%
Price spread now: Binance against Kraken Futures+0.187%7-day average −0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$750.747% of the position
Funding, last 7 days+0.306%+$31 on $10k
+Price spread, last 4 days (all we have)−0.362%−$36 · spread now +0.187%, 7d avg −0.059%
=The price spread pays, funding is against you. Binance is 0.246% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.187% now, against its 7-day average of −0.059%): +$25 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 2 months. Mind the row above: over the last 7 days funding on this pair paid +0.306%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ALGOUSD | 0.1096 | 0.0113 | pay 0.0014% / 1h | 35m 37s | $825K | $1.1M | 50x |
| Short | Binance ALGOUSDT | 0.1098 | 0.0100 | get 0.0100% / 8h | 2h 35m | $9.4M | $34.8M | 75x |
Kraken Futures PF_ALGOUSD
Binance ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- −$2.69
- Price spread: +0.187% → −0.059%
- $24.64
- Slippage, 4 orders
- −$54.68
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$52.73
- Costs to cover
- 0.747%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; Binance: live order book, 6 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 Kraken Futures live order book, 3 min ago | 11.41 bp | 25.6 bp −$26 | 53.6 bp −$536 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 0.46 bp | 12.2 bp −$12 | 29.9 bp −$299 | 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 | −0.0298% | 1h | 0.1095 | −0.087% | $86K | $44K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1096 | −0.036% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +2.185% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1099 | +0.287% | $3.6M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1097 | +0.118% | $44K | $37K | 5x | as long as short |
| Binance ALGOUSDTshort | +0.0100% | 8h | 0.1098 | +0.187% | $9.4M | $34.8M | 75x | |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1098 | +0.132% | $11.0M | $12.6M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1098 | +0.196% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1097 | +0.069% | $839K | $925K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1098 | +0.160% | $22.9M | $3.2M | 200x | as long as short |
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster 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 | 0.1097 | +0.114% | $3.4M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1098 | +0.178% | $5.4M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1098 | +0.132% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1094 | −0.170% | $60K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1095 | −0.096% | $59K | $135K | 75x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1098 | +0.147% | $4K | $195K | 10x | as long as short |
| Kraken Futures PF_ALGOUSDlong | +0.0113% | 1h | 0.1096 | long leg | $825K | $1.1M | 50x | |
| Phemex ALGOUSDT | +0.0140% | 8h | 0.1098 | +0.178% | $3.7M | $1.8M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0144% | 1h | 0.1106 | +0.908% | $63K | $287K | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1094 | −0.205% | $473K | $867K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0317% / S −0.0264% | 1h | 0.1095 | −0.076% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.2166% | 1h | 0.1097 | +0.098% | $158K | $5K | 5x | as long as short |
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Extended ALGO-USD
Phemex ALGOUSDT
Coinbase International ALGO-PERP-INTX
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD