Funding you earn now, next payment 06:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h −0.047%
Price spread now: Kraken Futures against OKX+0.321%7-day average +0.125% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$810.813% of the position
Funding, last 7 days−0.258%−$26 on $10k
+Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.321%, 7d avg +0.125%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Kraken Futures is 0.196% dearer against OKX than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.125%. Mind the row above: over the last 7 days funding on this pair cost −0.258%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ALGO-USDT-SWAP | 0.1089 | 0.0100 | pay 0.0100% / 8h | 2h 33m | $2.7M | $7.7M | 50x |
| Short | Kraken Futures PF_ALGOUSD | 0.1092 | 0.0113 | get 0.0014% / 1h | 33m 43s | $822K | $1.1M | 50x |
OKX ALGO-USDT-SWAP
Kraken Futures PF_ALGOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- $2.77
- Price spread: +0.321% → +0.125%
- $19.6
- Slippage, 4 orders
- −$61.34
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$58.98
- Costs to cover
- 0.813%
- Break-even
- 156.2 days
Slippage from OKX: live order book, 4 min ago; Kraken Futures: live order book, 5 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 OKX live order book, 4 min ago | 1.83 bp | 12.4 bp −$12 | 61.8 bp −$618 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 11.41 bp | 24.0 bp −$24 | 49.5 bp −$495 | 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 | −0.0391% | 1h | 0.1092 | +0.257% | $86K | $44K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1093 | +0.362% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +2.866% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1091 | +0.193% | $3.5M | $2.2M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1091 | +0.167% | $43K | $37K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1089 | +0.046% | $9.4M | $34.9M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1089 | +0.009% | $10.9M | $12.7M | 75x | as long as short |
| OKX ALGO-USDT-SWAPlong | +0.0100% | 8h | 0.1089 | long leg | $2.7M | $7.7M | 50x | |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1089 | −0.009% | $833K | $925K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1090 | +0.073% | $22.6M | $3.2M | 200x | as long as short |
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
Gate ALGO_USDT
MEXC ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1090 | +0.064% | $3.4M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1089 | +0.018% | $5.4M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1089 | +0.018% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1094 | +0.494% | $60K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1093 | +0.404% | $59K | $135K | 75x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1089 | +0.018% | $4K | $195K | 10x | as long as short |
| Kraken Futures PF_ALGOUSDshort | +0.0113% | 1h | 0.1092 | +0.321% | $822K | $1.1M | 50x | |
| Coinbase International ALGO-PERP-INTX | +0.0144% | 1h | 0.1106 | +1.580% | $63K | $287K | 50x | as long as short |
| Phemex ALGOUSDT | +0.0152% | 8h | 0.1095 | +0.569% | $3.7M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1098 | +0.799% | $475K | $870K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0317% / S −0.0264% | 1h | 0.1092 | +0.269% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.2101% | 1h | 0.1090 | +0.090% | $157K | $5K | 5x | as long as short |
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Extended ALGO-USD
Coinbase International ALGO-PERP-INTX
Phemex ALGOUSDT
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD