Funding you earn now, next payment 02:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h +0.081%
Price spread now: BloFin against Kraken Futures+0.415%177s7-day average −0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$710.714% of the position
Funding, last 7 days+0.592%+$59 on $10k
+Price spread, last 3 days (all we have)−0.557%−$56 · spread now +0.415%, 7d avg −0.090%
=The price spread pays, funding is against you. BloFin is 0.505% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.415% now, against its 7-day average of −0.090%): +$51 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 39 days. Mind the row above: over the last 7 days funding on this pair paid +0.592%, so the current rate has only just turned against you. The two prices were read 177 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ALGOUSD | 0.1112 | 0.0263 | pay 0.0033% / 1h | 46m 22s | $825K | $1.1M | 50x |
| Short | BloFin ALGO-USDT | 0.1117 | 0.0220 | get 0.0220% / 8h | 6h 46m | $489K | $801K | 75x |
Kraken Futures PF_ALGOUSD
BloFin ALGO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$9.03
- Price spread: +0.415% → −0.090%
- $50.52
- Slippage, 4 orders
- −$49.45
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$29.95
- Costs to cover
- 0.714%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; BloFin: live order book, 20 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, 2 min ago | 10.76 bp | 22.0 bp −$22 | 41.6 bp −$416 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 20 min ago | 1.35 bp | 10.0 bp −$10 | 21.0 bp −$210 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1115 | +0.307% | $87K | $273K | 50x | as long as short |
| Variational Omni ALGO | −0.0029% | 8h | 0.1111 | −0.059% | $61K | $12K | — | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0020% | 1h | 0.1111 | −0.052% | $101K | $49K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1112 | +0.021% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.712% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1113 | +0.119% | $3.6M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1113 | +0.059% | $44K | $38K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1111 | −0.075% | $9.9M | $35.0M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1111 | −0.061% | $11.3M | $12.2M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1112 | −0.034% | $2.9M | $7.6M | 50x | as long as short |
Coinbase International ALGO-PERP-INTX
Variational Omni ALGO
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ALGO_USDT | +0.0100% | 8h | 0.1111 | −0.079% | $871K | $842K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1112 | +0.011% | $22.8M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1111 | −0.070% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1112 | −0.007% | $5.6M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1112 | −0.043% | — | $3.4M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1113 | +0.092% | $60K | $144K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1114 | +0.172% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1111 | −0.073% | $8K | $229K | 10x | as long as short |
| BloFin ALGO-USDTshort | +0.0220% | 8h | 0.1117 | +0.415% | $489K | $801K | 75x | |
| Kraken Futures PF_ALGOUSDlong | +0.0263% | 1h | 0.1112 | long leg | $825K | $1.1M | 50x | |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0342% / S −0.0313% | 1h | 0.1112 | −0.023% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1577% | 1h | 0.1113 | +0.067% | $160K | $4K | 5x | as long as short |
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD