Funding you earn now, next payment 00:00 UTC−0.0257%/8h= −28.1% APRpaid last 24h −0.034%
Price spread now: Kraken Futures against Binance+0.017%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$670.669% of the position
Funding, last 7 days−0.321%−$32 on $10k
+Price spread, last 3 days (all we have)+0.158%+$16 · spread now +0.017%, 7d avg +0.064%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Kraken Futures is 0.046% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.064%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ALGOUSDT | 0.1127 | 0.0100 | pay 0.0100% / 8h | 38m 00s | $10.0M | $34.8M | 75x |
| Short | Kraken Futures PF_ALGOUSD | 0.1127 | −0.0157 | pay 0.0020% / 1h | 38m 00s | $838K | $1.1M | 50x |
Binance ALGOUSDT
Kraken Futures PF_ALGOUSDFunding 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
- −$53.98
- Price spread: +0.017% → +0.064%
- −$4.64
- Slippage, 4 orders
- −$46.95
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$125.57
- Costs to cover
- 0.669%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Kraken Futures: live order book, just now.
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, 4 min ago | 0.44 bp | 10.1 bp −$10 | 23.8 bp −$238 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, just now | 9.32 bp | 24.7 bp −$25 | 43.0 bp −$430 | doesn't fit | doesn't fit |
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 | −0.0459% | 1h | 0.1127 | +0.006% | $102K | $50K | 25x | as long as short |
| Kraken Futures PF_ALGOUSDshort | −0.0157% | 1h | 0.1127 | +0.017% | $838K | $1.1M | 50x | |
| Coinbase International ALGO-PERP-INTX | −0.0112% | 1h | 0.1130 | +0.272% | $62K | $333K | 50x | as long as short |
| Bybit ALGOUSDT | −0.0104% | 8h | 0.1126 | −0.109% | $11.3M | $12.2M | 75x | as long as short |
| Variational Omni ALGO | −0.0085% | 8h | 0.1127 | +0.011% | $62K | $13K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1128 | +0.131% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0026% | 1h | 0.1120 | −0.615% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1129 | +0.166% | $3.8M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1128 | +0.051% | $44K | $35K | 5x | as long as short |
| Binance ALGOUSDTlong | +0.0100% | 8h | 0.1127 | long leg | $10.0M | $34.8M | 75x |
Deribit ALGO_USDC-PERPETUAL
Coinbase International ALGO-PERP-INTX
Bybit ALGOUSDT
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1127 | −0.038% | $3.0M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1128 | +0.095% | $890K | $834K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1126 | −0.056% | $23.1M | $2.9M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1128 | +0.122% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1128 | +0.095% | $5.7M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1127 | +0.015% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1128 | +0.059% | $67K | $107K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1129 | +0.184% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1127 | −0.018% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1128 | +0.122% | $492K | $798K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0317% / S −0.0305% | 1h | 0.1128 | +0.077% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1530% | 1h | 0.1128 | +0.113% | $162K | $3K | 5x | as long as short |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD