Funding you earn now, next payment 22:00 UTC−0.0250%/8h= −27.3% APRnext payment −$0.31 per $10,000 · paid last 24h −0.062%
Price spread now: Arcus against Kraken Futures−0.095%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Arcus is 0.095% cheaper against Kraken Futures than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_DYDXUSD | 0.1389 | 0.0350 | pay 0.0044% / 1h | 27m 53s | $323K | $324K | 20x |
| Short | Arcus DYDX-USD | 0.1388 | 0.0100 | get 0.0013% / 1h | 27m 53s | $53K | $19K | 5x |
Kraken Futures PF_DYDXUSD
Arcus DYDX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus 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
- −$52.44
- Price spread: −0.095% → 0.000%
- −$9.48
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$76.41
- Costs to cover
- 0.145%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 59 min ago; Arcus: no order-book sample. Net counts fees only.
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, 59 min ago | 5.78 bp | 38.7 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell Arcus no order-book sample | — | — | — | — | — |
Arcus: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0395% | 1h | 0.1385 | −0.311% | $6K | $51K | 12x | as long as short |
| Deribit DYDX_USDC-PERPETUAL | 0.0000% | 1h | 0.1386 | −0.239% | — | — | 25x | as long as short |
| BloFin DYDX-USDT | +0.0092% | 8h | 0.1387 | −0.167% | $302K | $16K | 75x | as long as short |
| Lighter DYDX | +0.0096% | 1h | 0.1387 | −0.167% | $63K | $46K | 5x | as long as short |
| Hyperliquid DYDX | +0.0100% | 1h | 0.1390 | +0.028% | $2.1M | $732K | 5x | as long as short |
| Aster DYDXUSDT | +0.0100% | 8h | 0.1386 | −0.218% | $6K | $12K | 5x | as long as short |
| Binance DYDXUSDT | +0.0100% | 8h | 0.1387 | −0.186% | $5.3M | $8.5M | 75x | as long as short |
| Bybit DYDXUSDT | +0.0100% | 8h | 0.1386 | −0.239% | $4.6M | $2.4M | 75x | as long as short |
| OKX DYDX-USDT-SWAP | +0.0100% | 8h | 0.1388 | −0.116% | $2.2M | $3.5M | 20x | as long as short |
| Arcus DYDX-USDshort | +0.0100% | 1h | 0.1388 | −0.095% | $53K | $19K | 5x |
Injective DYDX/USDC PERP
Deribit DYDX_USDC-PERPETUAL
BloFin DYDX-USDT
Lighter DYDX
Hyperliquid DYDX
Aster DYDXUSDT
Binance DYDXUSDT
Bybit DYDXUSDT
OKX DYDX-USDT-SWAPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate DYDX_USDT | +0.0100% | 8h | 0.1386 | −0.217% | $392K | $490K | 75x | as long as short |
| MEXC DYDX_USDT | +0.0100% | 8h | 0.1386 | −0.239% | $3.4M | $815K | 125x | as long as short |
| KuCoin DYDXUSDTM | +0.0100% | 8h | 0.1388 | −0.095% | $2.3M | $4.1M | 50x | as long as short |
| Bitget DYDXUSDT | +0.0100% | 8h | 0.1386 | −0.239% | $1.4M | $1.2M | 10x | as long as short |
| BingX DYDX-USDT | +0.0100% | 8h | 0.1387 | −0.167% | — | $8.0M | — | as long as short |
| Extended DYDX-USD | +0.0104% | 1h | 0.1387 | −0.182% | $3K | $109K | 10x | as long as short |
| Aevo DYDX-PERP | +0.0104% | 1h | 0.1389 | −0.042% | $50K | — | 3x | as long as short |
| GMX DYDX/USD [WBTC.b-USDC] | L +0.0187% / S −0.0526% | 1h | 0.1386 | −0.211% | $940 | — | 100x | as long as short |
| Kraken Futures PF_DYDXUSDlong | +0.0350% | 1h | 0.1389 | long leg | $323K | $324K | 20x | |
| Coinbase International DYDX-PERP-INTX | +0.0968% | 1h | 0.1390 | +0.049% | $17K | $29K | 50x | as long as short |
| dYdX DYDX-USD | +0.2590% | 1h | 0.1387 | −0.185% | $79K | $2K | 5x | as long as short |
Gate DYDX_USDT
MEXC DYDX_USDT
KuCoin DYDXUSDTM
Bitget DYDXUSDT
BingX DYDX-USDT
Extended DYDX-USD
Aevo DYDX-PERP
GMX DYDX/USD [WBTC.b-USDC]
Coinbase International DYDX-PERP-INTX
dYdX DYDX-USD