Funding you earn now, next payment 07:00 UTC+0.0929%/8h= +101.7% APRpaid last 24h +0.124%
Price spread now: Kraken Futures against Gate+0.051%7-day average +0.150% · you sell dearer than you buy
Net, funding: paid 7d − costs−$155as in the Funding arb table
Net, price: spread back to 7d avg − costs−$220as in the Price arb table
costs, in and out, $10k−$2102.103% of the position
Funding, last 7 days+0.553%+$55 on $10k
+Price spread, last 4 days (all we have)+0.273%+$27 · spread now +0.051%, 7d avg +0.150%
=Funding pays, the price is against you. Kraken Futures is 0.099% cheaper against Gate than usual: you would sell low and buy high (spread +0.051% now, against its 7-day average of +0.150%). If the spread goes back, that is −$10 on $10k: about 9 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.553% in total) that is about 30 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.553% in total (about 28.9% a year). A funding rate is set anew for every payment. 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 | Gate DYDX_USDT | 0.1357 | 0.0100 | pay 0.0100% / 8h | 1h 59m | $381K | $430K | 75x |
| Short | Kraken Futures PF_DYDXUSD | 0.1358 | 0.1029 | get 0.0129% / 1h | 59m 00s | $310K | $355K | 20x |
Gate DYDX_USDT
Kraken Futures PF_DYDXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- $195.14
- Price spread: +0.051% → +0.150%
- −$9.9
- Slippage, 4 orders
- −$185.29
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$25.05
- Costs to cover
- 2.103%
- Break-even
- 7.9 days
Slippage from Gate: live order book, 47 min ago; Kraken Futures: live order book, 49 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 Gate live order book, 47 min ago | 5.17 bp | 39.0 bp −$39 | 504.0 bp −$5,040 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 49 min ago | 9.95 bp | 37.1 bp −$37 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective DYDX/USDC PERP | −0.0045% | 1h | 0.1362 | +0.368% | $6K | $48K | 12x | as long as short |
| Lighter DYDX | +0.0096% | 1h | 0.1358 | +0.066% | $60K | $48K | 5x | as long as short |
| Hyperliquid DYDX | +0.0100% | 1h | 0.1361 | +0.273% | $2.1M | $715K | 5x | as long as short |
| Aster DYDXUSDT | +0.0100% | 8h | 0.1357 | −0.012% | $6K | $12K | 5x | as long as short |
| Binance DYDXUSDT | +0.0100% | 8h | 0.1358 | +0.090% | $5.3M | $8.6M | 75x | as long as short |
| Bybit DYDXUSDT | +0.0100% | 8h | 0.1358 | +0.066% | $4.6M | $2.4M | 75x | as long as short |
| OKX DYDX-USDT-SWAP | +0.0100% | 8h | 0.1360 | +0.236% | $2.1M | $3.2M | 20x | as long as short |
| Gate DYDX_USDTlong | +0.0100% | 8h | 0.1357 | long leg | $381K | $430K | 75x | |
| MEXC DYDX_USDT | +0.0100% | 8h | 0.1357 | 0.000% | $2.9M | $787K | 125x | as long as short |
| KuCoin DYDXUSDTM | +0.0100% | 8h | 0.1358 | +0.074% | $2.3M | $3.6M | 50x | as long as short |
Injective DYDX/USDC PERP
Lighter DYDX
Hyperliquid DYDX
Aster DYDXUSDT
Binance DYDXUSDT
Bybit DYDXUSDT
OKX DYDX-USDT-SWAP
MEXC DYDX_USDT
KuCoin DYDXUSDTMShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget DYDXUSDT | +0.0100% | 8h | 0.1359 | +0.147% | $1.4M | $1.0M | 10x | as long as short |
| BingX DYDX-USDT | +0.0100% | 8h | 0.1357 | 0.000% | — | $3.0M | — | as long as short |
| Extended DYDX-USD | +0.0104% | 1h | 0.1358 | +0.049% | $4K | $122K | 10x | as long as short |
| Aevo DYDX-PERP | +0.0104% | 1h | 0.1360 | +0.221% | $49K | — | 3x | as long as short |
| BloFin DYDX-USDT | +0.0117% | 8h | 0.1358 | +0.074% | $293K | $15K | 75x | as long as short |
| GMX DYDX/USD [WBTC.b-USDC] | L +0.0187% / S −0.0526% | 1h | 0.1357 | +0.001% | $920 | — | 100x | as long as short |
| Deribit DYDX_USDC-PERPETUAL | +0.0487% | 1h | 0.1358 | +0.074% | — | — | 25x | as long as short |
| Arcus DYDX-USD | +0.0562% | 1h | 0.1360 | +0.221% | $53K | $20K | 5x | as long as short |
| Coinbase International DYDX-PERP-INTX | +0.0992% | 1h | 0.1361 | +0.295% | $17K | $34K | 50x | as long as short |
| Kraken Futures PF_DYDXUSDshort | +0.1029% | 1h | 0.1358 | +0.051% | $310K | $355K | 20x | |
| dYdX DYDX-USD | +0.5553% | 1h | 0.1355 | −0.131% | $77K | $2K | 5x | as long as short |
Bitget DYDXUSDT
BingX DYDX-USDT
Extended DYDX-USD
Aevo DYDX-PERP
BloFin DYDX-USDT
GMX DYDX/USD [WBTC.b-USDC]
Deribit DYDX_USDC-PERPETUAL
Arcus DYDX-USD
Coinbase International DYDX-PERP-INTX
dYdX DYDX-USD