Funding you earn now, next payment 02:00 UTC+0.1443%/8h= +158.1% APRpaid last 24h +0.548%
Price spread now: dYdX against Phemex−0.197%7-day average −0.115% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$236as in the Price arb table
costs, in and out, $10k−$2272.275% of the position
Funding, last 7 days+1.449%+$145 on $10k
+Price spread, last 3 days (all we have)−0.022%−$2 · spread now −0.197%, 7d avg −0.115%
=Funding pays, the price is against you. dYdX is 0.082% cheaper against Phemex than usual: you would sell low and buy high (spread −0.197% now, against its 7-day average of −0.115%). If the spread goes back, that is −$8 on $10k: about 5 hours of funding at the current rate (+$43 a day). At the pace of the last 7 days (+1.449% in total) that is about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ALGOUSDT | 0.1123 | 0.0100 | pay 0.0100% / 8h | 6h 22m | $3.8M | $1.8M | 50x |
| Short | dYdX ALGO-USD | 0.1121 | 0.1543 | get 0.0193% / 1h | 22m 09s | $162K | $4K | 5x |
Phemex ALGOUSDT
dYdX ALGO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Phemex. 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
- $303.12
- Price spread: −0.197% → −0.115%
- −$8.21
- Slippage, 4 orders
- −$205.48
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $67.43
- Costs to cover
- 2.275%
- Break-even
- 5.4 days
Slippage from Phemex: live order book, 2 min ago; dYdX: live order book, 47 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 Phemex live order book, 2 min ago | 8.90 bp | 26.7 bp −$27 | 76.9 bp −$769 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 47 min ago | 20.42 bp | 63.7 bp −$64 | 219.8 bp −$2,198 | 269.9 bp −$27.0K | 1065.6 bp −$532.8K |
ALGO on 21 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 | −0.0196% | 1h | 0.1120 | −0.232% | $101K | $49K | 25x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1120 | −0.258% | $71K | $289K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1121 | −0.169% | $6K | — | 150x | as long as short |
| Variational Omni ALGO | +0.0018% | 8h | 0.1119 | −0.346% | $61K | $12K | — | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | −0.267% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1123 | −0.009% | $3.7M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1121 | −0.150% | $44K | $40K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1120 | −0.261% | $9.9M | $34.8M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1120 | −0.276% | $11.6M | $12.4M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1119 | −0.356% | $2.9M | $7.7M | 50x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Variational Omni ALGO
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ALGO_USDT | +0.0100% | 8h | 0.1120 | −0.303% | $875K | $858K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1120 | −0.232% | $23.0M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1121 | −0.160% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1121 | −0.178% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1121 | −0.205% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1122 | −0.116% | $61K | $143K | 75x | as long as short |
| Phemex ALGOUSDTlong | +0.0100% | 8h | 0.1123 | long leg | $3.8M | $1.8M | 50x | |
| Extended ALGO-USD | +0.0104% | 1h | 0.1121 | −0.175% | $6K | $227K | 10x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0261% | 1h | 0.1121 | −0.198% | $830K | $1.1M | 50x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0343% / S −0.0313% | 1h | 0.1121 | −0.169% | $7K | — | 100x | as long as short |
| dYdX ALGO-USDshort | +0.1543% | 1h | 0.1121 | −0.197% | $162K | $4K | 5x |
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Extended ALGO-USD
Kraken Futures PF_ALGOUSD
GMX ALGO/USD [WBTC.b-USDC]