Funding you earn now, next payment 07:00 UTC−0.0936%/8h= −102.5% APRpaid last 24h −0.131%
Price spread now: Gate against Kraken Futures−0.111%7-day average −0.149% · you buy dearer than you sell
Net, funding: paid 7d − costs−$257as in the Funding arb table
Net, price: spread back to 7d avg − costs−$196as in the Price arb table
costs, in and out, $10k−$2001.998% of the position
Funding, last 7 days−0.569%−$57 on $10k
+Price spread, last 4 days (all we have)−0.183%−$18 · spread now −0.111%, 7d avg −0.149%
=The price spread pays, funding is against you. Gate is 0.038% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.111% now, against its 7-day average of −0.149%): +$4 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.569% in total) that is about 11 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.569% in total (about -29.7% 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 | Kraken Futures PF_DYDXUSD | 0.1349 | 0.1036 | pay 0.0130% / 1h | 37m 30s | $307K | $348K | 20x |
| Short | Gate DYDX_USDT | 0.1347 | 0.0100 | get 0.0100% / 8h | 1h 37m | $379K | $431K | 75x |
Kraken Futures PF_DYDXUSD
Gate DYDX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$196.58
- Price spread: −0.111% → −0.149%
- $3.8
- Slippage, 4 orders
- −$174.84
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$392.63
- Costs to cover
- 1.998%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; Gate: live order book, 3 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 Kraken Futures live order book, 5 min ago | 12.21 bp | 77.2 bp −$77 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 2.97 bp | 40.4 bp −$40 | 532.2 bp −$5,322 | 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 | 0.1348 | −0.052% | $6K | $48K | 12x | as long as short |
| BloFin DYDX-USDT | +0.0072% | 8h | 0.1348 | −0.052% | $292K | $15K | 75x | as long as short |
| Lighter DYDX | +0.0096% | 1h | 0.1348 | −0.044% | $60K | $48K | 5x | as long as short |
| Hyperliquid DYDX | +0.0100% | 1h | 0.1348 | −0.081% | $2.0M | $721K | 5x | as long as short |
| Aster DYDXUSDT | +0.0100% | 8h | 0.1348 | −0.076% | $6K | $12K | 5x | as long as short |
| Binance DYDXUSDT | +0.0100% | 8h | 0.1348 | −0.060% | $5.2M | $8.4M | 75x | as long as short |
| Bybit DYDXUSDT | +0.0100% | 8h | 0.1345 | −0.244% | $4.5M | $2.4M | 75x | as long as short |
| OKX DYDX-USDT-SWAP | +0.0100% | 8h | 0.1347 | −0.111% | $2.1M | $3.1M | 20x | as long as short |
| Gate DYDX_USDTshort | +0.0100% | 8h | 0.1347 | −0.111% | $379K | $431K | 75x | |
| MEXC DYDX_USDT | +0.0100% | 8h | 0.1347 | −0.126% | $2.8M | $789K | 125x | as long as short |
Injective DYDX/USDC PERP
BloFin DYDX-USDT
Lighter DYDX
Hyperliquid DYDX
Aster DYDXUSDT
Binance DYDXUSDT
Bybit DYDXUSDT
OKX DYDX-USDT-SWAP
MEXC DYDX_USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin DYDXUSDTM | +0.0100% | 8h | 0.1349 | +0.022% | $2.3M | $3.6M | 50x | as long as short |
| Bitget DYDXUSDT | +0.0100% | 8h | 0.1348 | −0.052% | $1.4M | $1.0M | 10x | as long as short |
| BingX DYDX-USDT | +0.0100% | 8h | 0.1347 | −0.126% | — | $3.0M | — | as long as short |
| Extended DYDX-USD | +0.0104% | 1h | 0.1348 | −0.084% | $1K | $122K | 10x | as long as short |
| Aevo DYDX-PERP | +0.0104% | 1h | 0.1350 | +0.081% | $49K | — | 3x | as long as short |
| GMX DYDX/USD [WBTC.b-USDC] | L +0.0187% / S −0.0526% | 1h | 0.1349 | −0.013% | $914 | — | 100x | as long as short |
| Arcus DYDX-USD | +0.0239% | 1h | 0.1350 | +0.097% | $52K | $20K | 5x | as long as short |
| Deribit DYDX_USDC-PERPETUAL | +0.0492% | 1h | 0.1348 | −0.052% | — | — | 25x | as long as short |
| Coinbase International DYDX-PERP-INTX | +0.0992% | 1h | 0.1360 | +0.838% | $17K | $31K | 50x | as long as short |
| Kraken Futures PF_DYDXUSDlong | +0.1036% | 1h | 0.1349 | long leg | $307K | $348K | 20x | |
| dYdX DYDX-USD | +0.5366% | 1h | 0.1347 | −0.128% | $77K | $2K | 5x | as long as short |
KuCoin DYDXUSDTM
Bitget DYDXUSDT
BingX DYDX-USDT
Extended DYDX-USD
Aevo DYDX-PERP
GMX DYDX/USD [WBTC.b-USDC]
Arcus DYDX-USD
Deribit DYDX_USDC-PERPETUAL
Coinbase International DYDX-PERP-INTX
dYdX DYDX-USD