Funding you earn now, next payment 03:00 UTC−0.2308%/8h= −252.7% APRpaid last 24h −0.544%
Price spread now: Binance against dYdX−0.082%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$292as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1371.365% of the position
Funding, last 7 days−1.554%−$155 on $10k
+Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.082%, 7d avg −0.022%
=Both sides work against this trade now: funding costs −$69 a day on $10k at the current rate, and Binance is 0.060% cheaper against dYdX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.022%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.554% in total (about -81.0% 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 | dYdX ALGO-USD | 0.1132 | 0.2408 | pay 0.0301% / 1h | 29m 16s | $163K | $4K | 5x |
| Short | Binance ALGOUSDT | 0.1131 | 0.0100 | get 0.0100% / 8h | 5h 29m | $9.9M | $34.5M | 75x |
dYdX ALGO-USD
Binance ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against dYdX. 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
- −$484.69
- Price spread: −0.082% → −0.022%
- −$5.99
- Slippage, 4 orders
- −$116.51
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$627.19
- Costs to cover
- 1.365%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 35 min ago; Binance: live order book, 12 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 dYdX live order book, 35 min ago | 21.36 bp | 33.2 bp −$33 | 121.4 bp −$1,214 | 258.0 bp −$25.8K | 1404.9 bp −$702.5K |
| Sell Binance live order book, 12 min ago | 0.44 bp | 12.6 bp −$13 | 42.2 bp −$422 | 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 | −0.0104% | 1h | 0.1130 | −0.088% | $90K | $51K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1131 | −0.044% | $17K | — | 150x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0032% | 1h | 0.1131 | −0.009% | $70K | $275K | 50x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | −1.016% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1133 | +0.150% | $3.8M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1131 | −0.077% | $45K | $40K | 5x | as long as short |
| Binance ALGOUSDTshort | +0.0100% | 8h | 0.1131 | −0.082% | $9.9M | $34.5M | 75x | |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1130 | −0.133% | $11.8M | $12.4M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1129 | −0.177% | $2.9M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1130 | −0.124% | $885K | $870K | 50x | as long as short |
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Coinbase International ALGO-PERP-INTX
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Bybit 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 | 0.1130 | −0.097% | $23.1M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1131 | −0.044% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1132 | +0.044% | $5.7M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1131 | −0.071% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1132 | +0.050% | $62K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1131 | −0.018% | $61K | $140K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1132 | +0.044% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1131 | −0.040% | $4K | $230K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1132 | 0.000% | $490K | $920K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0344% / S −0.0313% | 1h | 0.1131 | −0.055% | $7K | — | 100x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0349% | 1h | 0.1130 | −0.103% | $836K | $1.1M | 50x | as long as short |
| dYdX ALGO-USDlong | +0.2408% | 1h | 0.1132 | long leg | $163K | $4K | 5x |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
Kraken Futures PF_ALGOUSD