Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.09297 | −0.0466 | get 0.0058% / 1h | 5m 32s | $1.2M | $398K | 50x | Long Kraken Futures | |
| SHORT | 0.09289 | +0.0237 | get 0.0030% / 1h | 5m 32s | $116K | $35K | 5x | Short dYdX |
Price gap−0.085%
Funding gap+0.0704% /8h
Funding pays +$21 a day on $10k, but the gap is 0.039% under its 7d average: −$4 if it goes back, about 4 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$76+0.0704% /8h now · paid +0.761% over the last 7D
Price−$4spread −0.085% now, avg −0.046% → −0.039% if it goes back
Costs−$1271.273% of $10k · taker + slippage, in and out
Result−$55−0.55%no points
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.085%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hALGO on 21 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size19.1 / 42.2 bpAt $10k entering dYdX costs 42.2 bp, fee and slippage, 2.2× Kraken Futures’s.
- Note: Margin at max leverage$200 + $2,000Kraken Futures 50x, dYdX 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$21.11Long Kraken Futures: 24 payments, +$13.98; short dYdX: 24 payments, +$7.12.
- Watch: Gap narrower than usual−0.085% vs −0.046%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$116K vs $1.2M OIdYdX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCKraken Futures Yes · dYdX NoFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0362%/8h × 21 periods+$76.12
Price spread−0.085% → −0.046% (7d avg)−$3.89
Slippage, 4 orderslive order books−$107.28
Fee Kraken Futures bp × 2 orders−$10.00
Fee dYdX bp × 2 orders−$10.00
Net · 7 days · $10k−$55.06
Costs to cover1.273%Break-even12.1 days
Slippage: Kraken Futures: live order book, just now; dYdX: live order book, 21 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures9.1419.1 bp−$1943.1 bp−$431doesn’t fitdoesn’t fit
SELL · SHORTdYdX30.5642.2 bp−$42764.0 bp−$7,6401046.5 bp−$104.6K1707.0 bp−$853.5K
Closing costs about the same again.
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