Funding you earn now, next payment 23:00 UTC+0.0387%/8h= +42.4% APRpaid last 24h +0.040%
Price spread now: Bitget against Kraken Futures+0.007%7-day average −0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$770.767% of the position
Funding, last 7 days+0.412%+$41 on $10k
+Price spread, last 3 days (all we have)−0.205%−$21 · spread now +0.007%, 7d avg −0.062%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Bitget is 0.069% dearer against Kraken Futures than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.062%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ALGOUSD | 0.1121 | −0.0287 | get 0.0036% / 1h | 9m 12s | $834K | $1.2M | 50x |
| Short | Bitget ALGOUSDT | 0.1121 | 0.0100 | get 0.0100% / 8h | 1h 09m | $5.6M | $3.6M | 75x |
Kraken Futures PF_ALGOUSD
Bitget ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $81.35
- Price spread: +0.007% → −0.062%
- $6.95
- Slippage, 4 orders
- −$54.74
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $11.55
- Costs to cover
- 0.767%
- Break-even
- 6.0 days
Slippage from Kraken Futures: live order book, 4 min ago; Bitget: live order book, 4 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, 4 min ago | 8.04 bp | 21.5 bp −$22 | 43.9 bp −$439 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 4.47 bp | 19.1 bp −$19 | 42.3 bp −$423 | 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 | −0.0463% | 1h | 0.1121 | −0.020% | $102K | $50K | 25x | as long as short |
| Injective ALGO/USDC PERP | −0.0295% | 1h | 0.1120 | −0.082% | $834 | $233K | 12x | as long as short |
| Kraken Futures PF_ALGOUSDlong | −0.0287% | 1h | 0.1121 | long leg | $834K | $1.2M | 50x | |
| Bybit ALGOUSDT | −0.0102% | 8h | 0.1120 | −0.118% | $11.3M | $12.3M | 75x | as long as short |
| Variational Omni ALGO | −0.0088% | 8h | 0.1119 | −0.207% | $65K | $10K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0056% | 1h | 0.1121 | −0.029% | $62K | $332K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1121 | +0.023% | $6K | — | 150x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1122 | +0.132% | $3.7M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1121 | +0.025% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1120 | −0.047% | $9.8M | $34.8M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Injective ALGO/USDC PERP
Bybit ALGOUSDT
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1119 | −0.127% | $3.0M | $7.7M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1120 | −0.064% | $887K | $854K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1120 | −0.073% | $23.3M | $2.8M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1120 | −0.047% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDTshort | +0.0100% | 8h | 0.1121 | +0.007% | $5.6M | $3.6M | 75x | |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1119 | −0.127% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1120 | −0.100% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1123 | +0.185% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1120 | −0.060% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1119 | −0.127% | $487K | $796K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0257% / S −0.0192% | 1h | 0.1121 | +0.025% | $5K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1487% | 1h | 0.1121 | +0.006% | $161K | $3K | 5x | as long as short |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD