Funding you earn now, next payment 01:00 UTC+0.0980%/8h= +107.3% APRpaid last 24h +0.546%
Price spread now: dYdX against Binance+0.123%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$252as in the Funding arb table
Net, price: spread back to 7d avg − costs−$393as in the Price arb table
costs, in and out, $10k−$4034.032% of the position
Funding, last 7 days+1.516%+$152 on $10k
+Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.123%, 7d avg +0.021%
=Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and dYdX is 0.102% dearer against Binance than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ALGOUSDT | 0.1116 | 0.0093 | pay 0.0093% / 8h | 7h 49m | $9.9M | $34.4M | 75x |
| Short | dYdX ALGO-USD | 0.1117 | 0.1073 | get 0.0134% / 1h | 49m 55s | $160K | $3K | 5x |
Binance ALGOUSDT
dYdX ALGO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $205.81
- Price spread: +0.123% → +0.021%
- $10.2
- Slippage, 4 orders
- −$383.16
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$187.15
- Costs to cover
- 4.032%
- Break-even
- 13.4 days
Slippage from Binance: live order book, 7 min ago; dYdX: live order book, 24 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, 7 min ago | 1.78 bp | 13.3 bp −$13 | 31.8 bp −$318 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 24 min ago | 54.84 bp | 317.6 bp −$318 | 330.4 bp −$3,304 | 335.7 bp −$33.6K | 1086.0 bp −$543.0K |
ALGO on 22 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 | −0.0735% | 1h | 0.1116 | +0.024% | $101K | $50K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0567% | 1h | 0.1116 | +0.054% | $831K | $1.1M | 50x | as long as short |
| Bybit ALGOUSDT | −0.0278% | 8h | 0.1115 | −0.083% | $11.2M | $12.0M | 75x | as long as short |
| Variational Omni ALGO | −0.0137% | 8h | 0.1116 | +0.040% | $62K | $12K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0104% | 1h | 0.1123 | +0.678% | $67K | $301K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1118 | +0.185% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.392% | $834 | $233K | 12x | as long as short |
| MEXC ALGO_USDT | +0.0093% | 8h | 0.1115 | −0.065% | $22.9M | $2.9M | 200x | as long as short |
| Binance ALGOUSDTlong | +0.0093% | 8h | 0.1116 | long leg | $9.9M | $34.4M | 75x | |
| Extended ALGO-USD | +0.0096% | 1h | 0.1115 | −0.052% | $6K | $224K | 10x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDT
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
MEXC ALGO_USDT
Extended ALGO-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ALGO | +0.0100% | 1h | 0.1117 | +0.150% | $3.7M | $1.8M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1117 | +0.133% | $44K | $38K | 5x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1116 | −0.003% | $2.9M | $7.5M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1117 | +0.132% | $877K | $810K | 50x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1117 | +0.087% | $3.6M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1117 | +0.123% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1115 | −0.030% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1115 | −0.057% | $66K | $108K | 75x | as long as short |
| BloFin ALGO-USDT | +0.0213% | 8h | 0.1121 | +0.490% | $492K | $792K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0270% | 8h | 0.1118 | +0.212% | $3.8M | $1.8M | 50x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0339% / S −0.0346% | 1h | 0.1117 | +0.153% | $7K | — | 100x | as long as short |
| dYdX ALGO-USDshort | +0.1073% | 1h | 0.1117 | +0.123% | $160K | $3K | 5x |
Hyperliquid ALGO
Aster ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
BloFin ALGO-USDT
Phemex ALGOUSDT
GMX ALGO/USD [WBTC.b-USDC]