Funding you earn now, next payment 01:00 UTC+0.0658%/8h= +72.0% APRnext payment +$0.82 per $10,000 · paid last 24h +0.036%
Price spread now: Extended against Kraken Futures−0.044%7-day average −0.099% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$680.684% of the position
Funding, last 7 days+0.294%+$29 on $10k
+Price spread, last 3 days (all we have)−0.175%−$17 · spread now −0.044%, 7d avg −0.099%
=Together, before fees+0.119%+ Points / potential airdropExtended: Active · farm board+$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Extended is 0.054% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.099%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.294% in total (about 15.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.82 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ALGOUSD | 0.1112 | −0.0570 | get 0.0071% / 1h | 36m 49s | $828K | $1.1M | 50x |
| Short | Extended ALGO-USD | 0.1111 | 0.0088 | get 0.0011% / 1h | 36m 49s | $7K | $275K | 10x |
Kraken Futures PF_ALGOUSD
Extended ALGO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $138.09
- Price spread: −0.044% → −0.099%
- $5.44
- Slippage, 4 orders
- −$53.38
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $75.15
- Costs to cover
- 0.684%
- Break-even
- 3.2 days
Slippage from Kraken Futures: live order book, 2 min ago; Extended: live order book, 35 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 | 12.14 bp | 17.4 bp −$17 | 38.7 bp −$387 | doesn't fit | doesn't fit |
| Sell Extended live order book, 35 min ago | 1.38 bp | 13.0 bp −$13 | 126.2 bp −$1,262 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALGOUSDlong | −0.0570% | 1h | 0.1112 | long leg | $828K | $1.1M | 50x | |
| Variational Omni ALGO | −0.0134% | 8h | 0.1113 | +0.123% | $61K | $11K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0104% | 1h | 0.1110 | −0.144% | $66K | $271K | 50x | as long as short |
| Bybit ALGOUSDT | −0.0060% | 8h | 0.1110 | −0.162% | $11.2M | $11.8M | 75x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0020% | 1h | 0.1111 | −0.081% | $101K | $50K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1111 | −0.065% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.728% | $834 | $233K | 12x | as long as short |
| MEXC ALGO_USDT | +0.0085% | 8h | 0.1111 | −0.063% | $22.8M | $2.9M | 200x | as long as short |
| Binance ALGOUSDT | +0.0086% | 8h | 0.1111 | −0.070% | $9.8M | $33.9M | 75x | as long as short |
| Extended ALGO-USDshort | +0.0088% | 1h | 0.1111 | −0.044% | $7K | $275K | 10x |
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
Bybit ALGOUSDT
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
MEXC ALGO_USDT
Binance ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ALGO | +0.0100% | 1h | 0.1112 | +0.044% | $3.7M | $1.8M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1112 | +0.010% | $44K | $38K | 5x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1111 | −0.117% | $2.9M | $7.4M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1111 | −0.072% | $873K | $815K | 50x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1112 | −0.027% | $3.6M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1111 | −0.081% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1111 | −0.099% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1110 | −0.162% | $66K | $104K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0164% | 8h | 0.1114 | +0.188% | $3.8M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0206% | 8h | 0.1110 | −0.126% | $488K | $770K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0340% / S −0.0351% | 1h | 0.1111 | −0.052% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1192% | 1h | 0.1112 | −0.011% | $159K | $3K | 5x | as long as short |
Hyperliquid ALGO
Aster ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD