Funding you earn now, next payment 05:00 UTC+0.0552%/8h= +60.5% APRpaid last 24h +0.103%
Price spread now: Kraken Futures against Binance−0.001%7-day average +0.134% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$171as in the Price arb table
costs, in and out, $10k−$1571.572% of the position
Funding, last 7 days+0.481%+$48 on $10k
+Price spread, last 4 days (all we have)+0.284%+$28 · spread now −0.001%, 7d avg +0.134%
=Funding pays, the price is against you. Kraken Futures is 0.135% cheaper against Binance than usual: you would sell low and buy high (spread −0.001% now, against its 7-day average of +0.134%). If the spread goes back, that is −$13 on $10k: about 20 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.481% in total) that is about 47 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance DYDXUSDT | 0.1380 | 0.0100 | pay 0.0100% / 8h | 3h 57m | $5.3M | $8.4M | 75x |
| Short | Kraken Futures PF_DYDXUSD | 0.1380 | 0.0652 | get 0.0082% / 1h | 57m 36s | $308K | $353K | 20x |
Binance DYDXUSDT
Kraken Futures PF_DYDXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- $115.96
- Price spread: −0.001% → +0.134%
- −$13.49
- Slippage, 4 orders
- −$137.19
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$54.71
- Costs to cover
- 1.572%
- Break-even
- 10.3 days
Slippage from Binance: live order book, 12 min ago; Kraken Futures: live order book, 60 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 Binance live order book, 12 min ago | 3.63 bp | 16.4 bp −$16 | 81.4 bp −$814 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 60 min ago | 10.23 bp | 23.7 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
DYDX 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter DYDX | +0.0096% | 1h | 0.1380 | +0.018% | $61K | $48K | 5x | as long as short |
| Hyperliquid DYDX | +0.0100% | 1h | 0.1381 | +0.054% | $2.1M | $724K | 5x | as long as short |
| Aster DYDXUSDT | +0.0100% | 8h | 0.1380 | +0.019% | $5K | $12K | 5x | as long as short |
| Binance DYDXUSDTlong | +0.0100% | 8h | 0.1380 | long leg | $5.3M | $8.4M | 75x | |
| Bybit DYDXUSDT | +0.0100% | 8h | 0.1378 | −0.156% | $4.6M | $2.5M | 75x | as long as short |
| OKX DYDX-USDT-SWAP | +0.0100% | 8h | 0.1378 | −0.112% | $2.1M | $3.3M | 20x | as long as short |
| Gate DYDX_USDT | +0.0100% | 8h | 0.1379 | −0.062% | $396K | $448K | 75x | as long as short |
| MEXC DYDX_USDT | +0.0100% | 8h | 0.1380 | +0.011% | $3.0M | $798K | 125x | as long as short |
| KuCoin DYDXUSDTM | +0.0100% | 8h | 0.1380 | +0.011% | $2.4M | $3.7M | 50x | as long as short |
| Bitget DYDXUSDT | +0.0100% | 8h | 0.1379 | −0.062% | $1.4M | $1.1M | 10x | as long as short |
Lighter DYDX
Hyperliquid DYDX
Aster DYDXUSDT
Bybit DYDXUSDT
OKX DYDX-USDT-SWAP
Gate DYDX_USDT
MEXC DYDX_USDT
KuCoin DYDXUSDTM
Bitget DYDXUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX DYDX-USDT | +0.0100% | 8h | 0.1380 | +0.011% | — | $3.0M | — | as long as short |
| Extended DYDX-USD | +0.0104% | 1h | 0.1380 | +0.045% | $5K | $115K | 10x | as long as short |
| Aevo DYDX-PERP | +0.0104% | 1h | 0.1379 | −0.033% | $50K | — | 3x | as long as short |
| BloFin DYDX-USDT | +0.0124% | 8h | 0.1376 | −0.279% | $299K | $12K | 75x | as long as short |
| Injective DYDX/USDC PERP | +0.0178% | 1h | 0.1385 | +0.373% | $6K | $52K | 12x | as long as short |
| GMX DYDX/USD [WBTC.b-USDC] | L +0.0187% / S −0.0526% | 1h | 0.1377 | −0.212% | $934 | — | 100x | as long as short |
| Arcus DYDX-USD | +0.0248% | 1h | 0.1381 | +0.083% | $53K | $20K | 5x | as long as short |
| Deribit DYDX_USDC-PERPETUAL | +0.0476% | 1h | 0.1378 | −0.134% | — | — | 25x | as long as short |
| Kraken Futures PF_DYDXUSDshort | +0.0652% | 1h | 0.1380 | −0.001% | $308K | $353K | 20x | |
| Coinbase International DYDX-PERP-INTX | +0.0840% | 1h | 0.1385 | +0.373% | $17K | $37K | 50x | as long as short |
| dYdX DYDX-USD | +0.2462% | 1h | 0.1379 | −0.080% | $78K | $2K | 5x | as long as short |
BingX DYDX-USDT
Extended DYDX-USD
Aevo DYDX-PERP
BloFin DYDX-USDT
Injective DYDX/USDC PERP
GMX DYDX/USD [WBTC.b-USDC]
Arcus DYDX-USD
Deribit DYDX_USDC-PERPETUAL
Coinbase International DYDX-PERP-INTX
dYdX DYDX-USD