Funding you earn now, next payment 00:00 UTC+0.0258%/8h= +28.2% APRpaid last 24h +0.034%
Price spread now: Gate against Kraken Futures+0.040%7-day average −0.116% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1211.214% of the position
Funding, last 7 days+0.361%+$36 on $10k
+Price spread, last 3 days (all we have)−0.259%−$26 · spread now +0.040%, 7d avg −0.116%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Gate is 0.157% dearer against Kraken Futures than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.116%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ALGOUSD | 0.1123 | −0.0158 | get 0.0020% / 1h | 1m 36s | $835K | $1.1M | 50x |
| Short | Gate ALGO_USDT | 0.1124 | 0.0100 | get 0.0100% / 8h | 1m 36s | $883K | $837K | 50x |
Kraken Futures PF_ALGOUSD
Gate ALGO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $54.1
- Price spread: +0.040% → −0.116%
- $15.67
- Slippage, 4 orders
- −$96.4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$51.63
- Costs to cover
- 1.214%
- Break-even
- 13.7 days
Slippage from Kraken Futures: live order book, 2 min ago; Gate: live order book, 10 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 | 9.33 bp | 18.1 bp −$18 | 34.8 bp −$348 | doesn't fit | doesn't fit |
| Sell Gate live order book, 10 min ago | 7.57 bp | 43.0 bp −$43 | 330.4 bp −$3,304 | 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 | −0.0462% | 1h | 0.1123 | +0.005% | $102K | $50K | 25x | as long as short |
| Kraken Futures PF_ALGOUSDlong | −0.0158% | 1h | 0.1123 | long leg | $835K | $1.1M | 50x | |
| Bybit ALGOUSDT | −0.0151% | 8h | 0.1122 | −0.138% | $11.3M | $12.0M | 75x | as long as short |
| Variational Omni ALGO | −0.0132% | 8h | 0.1120 | −0.236% | $62K | $12K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0112% | 1h | 0.1124 | +0.103% | $62K | $298K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1124 | +0.075% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0026% | 1h | 0.1120 | −0.280% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1124 | +0.103% | $3.8M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1124 | +0.076% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1122 | −0.075% | $9.9M | $34.2M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Bybit ALGOUSDT
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
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 | 0.1122 | −0.075% | $3.0M | $7.5M | 50x | as long as short |
| Gate ALGO_USDTshort | +0.0100% | 8h | 0.1124 | +0.040% | $883K | $837K | 50x | |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1122 | −0.066% | $23.1M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1124 | +0.032% | $3.6M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1123 | −0.013% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1123 | −0.049% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1124 | +0.076% | $66K | $107K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1126 | +0.254% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1122 | −0.086% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1124 | +0.032% | $492K | $794K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0334% / S −0.0336% | 1h | 0.1124 | +0.109% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1352% | 1h | 0.1124 | +0.114% | $161K | $3K | 5x | as long as short |
OKX ALGO-USDT-SWAP
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]
dYdX ALGO-USD