Funding you earn now, next payment 07:00 UTC+0.0816%/8h= +89.4% APRpaid last 24h +0.553%
Price spread now: dYdX against Bybit+0.204%7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$299as in the Price arb table
costs, in and out, $10k−$3103.103% of the position
Funding, last 7 days+1.657%+$166 on $10k
+Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.204%, 7d avg +0.087%
=Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and dYdX is 0.117% dearer against Bybit than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.087%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ALGOUSDT | 0.1105 | 0.0100 | pay 0.0100% / 8h | 1h 15m | $10.9M | $12.8M | 75x |
| Short | dYdX ALGO-USD | 0.1107 | 0.0916 | get 0.0115% / 1h | 15m 00s | $160K | $5K | 5x |
Bybit ALGOUSDT
dYdX ALGO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Bybit. 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
- $171.46
- Price spread: +0.204% → +0.087%
- $11.72
- Slippage, 4 orders
- −$289.32
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$127.14
- Costs to cover
- 3.103%
- Break-even
- 12.2 days
Slippage from Bybit: live order book, 3 min ago; dYdX: live order book, 29 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 Bybit live order book, 3 min ago | 0.45 bp | 14.5 bp −$14 | 52.3 bp −$523 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 29 min ago | 132.05 bp | 137.1 bp −$137 | 137.1 bp −$1,371 | 138.9 bp −$13.9K | 785.9 bp −$393.0K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALGOUSD | −0.0273% | 1h | 0.1106 | +0.153% | $822K | $1.1M | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0202% | 1h | 0.1106 | +0.091% | $87K | $45K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1106 | +0.120% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.394% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1107 | +0.217% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1105 | +0.038% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1106 | +0.109% | $9.4M | $34.5M | 75x | as long as short |
| Bybit ALGOUSDTlong | +0.0100% | 8h | 0.1105 | long leg | $10.9M | $12.8M | 75x | |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1105 | +0.072% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1104 | −0.027% | $834K | $944K | 50x | as long as short |
Kraken Futures PF_ALGOUSD
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1105 | +0.054% | $23.0M | $3.2M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1105 | +0.018% | $3.5M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1106 | +0.127% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1105 | +0.054% | — | $3.4M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1105 | −0.004% | $60K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1106 | +0.136% | $60K | $135K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1108 | +0.308% | $3.7M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1105 | +0.023% | $4K | $199K | 10x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0136% | 1h | 0.1109 | +0.444% | $63K | $195K | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1107 | +0.190% | $470K | $874K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0318% / S −0.0264% | 1h | 0.1106 | +0.127% | $6K | — | 100x | as long as short |
| dYdX ALGO-USDshort | +0.0916% | 1h | 0.1107 | +0.204% | $160K | $5K | 5x |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
Coinbase International ALGO-PERP-INTX
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]