Funding you earn now, next payment 05:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h +0.050%
Price spread now: BingX against Kraken Futures−0.031%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$860.859% of the position
Funding, last 7 days+0.402%+$40 on $10k
+Price spread, last 4 days (all we have)−0.133%−$13 · spread now −0.031%, 7d avg −0.096%
=The price spread pays, funding is against you. BingX is 0.065% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.031% now, against its 7-day average of −0.096%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.1 days. Mind the row above: over the last 7 days funding on this pair paid +0.402%, 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 | 0.1115 | 0.0131 | pay 0.0016% / 1h | 53m 52s | $828K | $1.0M | 50x |
| Short | BingX ALGO-USDT | 0.1115 | 0.0100 | get 0.0100% / 8h | 3h 53m | — | $3.3M | — |
Kraken Futures PF_ALGOUSD
BingX ALGO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$6.48
- Price spread: −0.031% → −0.096%
- $6.54
- Slippage, 4 orders
- −$65.88
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$85.81
- Costs to cover
- 0.859%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; BingX: 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, 5 min ago | 15.59 bp | 22.1 bp −$22 | 35.8 bp −$358 | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 2.67 bp | 14.7 bp −$15 | 30.8 bp −$308 | 200.3 bp −$20.0K | 705.4 bp −$352.7K |
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 | −0.0198% | 1h | 0.1114 | −0.067% | $88K | $44K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1116 | +0.043% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.426% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1116 | +0.032% | $3.6M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1116 | +0.039% | $44K | $35K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1115 | −0.004% | $9.7M | $34.3M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1114 | −0.112% | $11.2M | $12.5M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1115 | −0.013% | $2.8M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1114 | −0.076% | $862K | $900K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1115 | −0.049% | $23.1M | $3.1M | 200x | 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_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 | +0.005% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1115 | −0.022% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDTshort | +0.0100% | 8h | 0.1115 | −0.031% | — | $3.3M | — | |
| Variational Omni ALGO | +0.0100% | 8h | 0.1115 | −0.057% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1118 | +0.202% | $60K | $135K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1117 | +0.157% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1114 | −0.124% | $4K | $231K | 10x | as long as short |
| Kraken Futures PF_ALGOUSDlong | +0.0131% | 1h | 0.1115 | long leg | $828K | $1.0M | 50x | |
| Coinbase International ALGO-PERP-INTX | +0.0168% | 1h | 0.1119 | +0.328% | $88K | $285K | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1116 | +0.032% | $477K | $875K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0319% / S −0.0264% | 1h | 0.1115 | +0.012% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1341% | 1h | 0.1118 | +0.243% | $161K | $4K | 5x | as long as short |
KuCoin ALGOUSDTM
Bitget ALGOUSDT
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]
dYdX ALGO-USD