Funding you earn now, next payment 23:00 UTC+0.1794%/8h= +196.4% APRnext payment +$2.24 per $10,000 · paid last 24h +0.601%
Price spread now: dYdX against Kraken Futures+0.081%7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$226as in the Price arb table
costs, in and out, $10k−$2382.382% of the position
Funding, last 7 days+1.815%+$181 on $10k
+Price spread, last 3 days (all we have)−0.283%−$28 · spread now +0.081%, 7d avg −0.043%
=Both sides work for this trade now. Funding pays +$54 a day on $10k at the current rate, and dYdX is 0.123% dearer against Kraken Futures than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.043%.
| 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 | 16m 09s | $835K | $1.1M | 50x |
| Short | dYdX ALGO-USD | 0.1122 | 0.1507 | get 0.0188% / 1h | 16m 09s | $161K | $3K | 5x |
Kraken Futures PF_ALGOUSD
dYdX ALGO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $376.71
- Price spread: +0.081% → −0.043%
- $12.34
- Slippage, 4 orders
- −$218.16
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $150.9
- Costs to cover
- 2.382%
- Break-even
- 4.2 days
Slippage from Kraken Futures: live order book, 2 min ago; dYdX: live order book, 3 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 | 6.25 bp | 17.0 bp −$17 | 38.7 bp −$387 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 3 min ago | 56.27 bp | 126.3 bp −$126 | 251.7 bp −$2,517 | 334.0 bp −$33.4K | 717.1 bp −$358.5K |
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 | −0.0641% | 1h | 0.1121 | +0.005% | $102K | $50K | 25x | as long as short |
| Injective ALGO/USDC PERP | −0.0295% | 1h | 0.1120 | −0.102% | $834 | $233K | 12x | as long as short |
| Kraken Futures PF_ALGOUSDlong | −0.0287% | 1h | 0.1121 | long leg | $835K | $1.1M | 50x | |
| Bybit ALGOUSDT | −0.0104% | 8h | 0.1120 | −0.085% | $11.3M | $12.3M | 75x | as long as short |
| Variational Omni ALGO | −0.0082% | 8h | 0.1121 | −0.039% | $65K | $10K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0056% | 1h | 0.1121 | −0.049% | $62K | $332K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1122 | +0.067% | $6K | — | 150x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1122 | +0.112% | $3.7M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1122 | +0.067% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1121 | −0.008% | $9.8M | $34.9M | 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 | 0.1120 | −0.102% | $3.0M | $7.7M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1121 | +0.005% | $889K | $854K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1121 | −0.022% | $23.3M | $2.8M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1121 | +0.014% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1121 | −0.013% | $5.6M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1120 | −0.102% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1121 | −0.004% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1123 | +0.165% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1121 | −0.025% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1120 | −0.093% | $487K | $793K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0256% / S −0.0190% | 1h | 0.1122 | +0.093% | $5K | — | 100x | as long as short |
| dYdX ALGO-USDshort | +0.1507% | 1h | 0.1122 | +0.081% | $161K | $3K | 5x |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]