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Funding arb /

ALGO

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 18:00 UTC−0.2869%/8h
paid, last 24h−0.433%paid, last 7 days−1.219%to open and close $10k−$207
Long on dYdXShort on BingX
The current rate is far above what this pair has been paying: over the last 7 days it paid -1.219% in total (about -63.6% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ALGO-USD0.11030.2969pay 0.0371% / 1h5m 15s$158K$6K5x
ShortBingX ALGO-USDT0.11030.0100get 0.0100% / 8h6h 05m—$3.1M—

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$602.45
Slippage, 4 orders
−$186.85
Fee dYdX: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$809.31
Break-even
never at this rate
Slippage from dYdX: live order book, 35 min ago; BingX: live order book, 6 min ago.

Price risk

price view
Price gap now
−0.040%
Avg gap 7d
−0.051%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 35 min ago13.27 bp18.3 bp −$1818.3 bp −$18320.9 bp −$2,091466.4 bp −$233.2K
Sell BingX live order book, 6 min ago3.62 bp14.5 bp −$1535.2 bp −$352142.7 bp −$14.3K639.1 bp −$319.5K

ALGO on 22 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Deribit ALGO_USDC-PERPETUAL−0.0294%1h$100K$55K25xas long as short
Kraken Futures PF_ALGOUSD−0.0195%1h$815K$1.3M50xas long as short
Bybit ALGOUSDT−0.0058%8h$11.2M$12.6M75xas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h$7K—150xas long as short
Injective ALGO/USDC PERP+0.0033%1h$841$115K12xas long as short
Coinbase International ALGO-PERP-INTX+0.0048%1h$63K$363K50xas long as short
Variational Omni ALGO+0.0053%8h$64K$13K—as long as short
Hyperliquid ALGO+0.0100%1h$3.6M$2.0M5xas long as short
Aster ALGOUSDT+0.0100%8h$43K$73K5xas long as short
Binance ALGOUSDT+0.0100%8h$9.8M$36.2M75xas long as short
Show all 22 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
OKX ALGO-USDT-SWAP+0.0100%8h$3.0M$8.3M50xas long as short
Gate ALGO_USDT+0.0100%8h$839K$930K50xas long as short
MEXC ALGO_USDT+0.0100%8h$21.9M$3.3M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h$3.5M$1.7M50xas long as short
Bitget ALGOUSDT+0.0100%8h$5.6M$3.8M75xas long as short
BingX ALGO-USDTshort+0.0100%8h—$3.1M—
HTX ALGO-USDT+0.0100%8h$66K$113K75xas long as short
Phemex ALGOUSDT+0.0100%8h$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h$7K$210K10xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0155% / S −0.0079%1h$5K—100xas long as short
BloFin ALGO-USDT+0.0220%8h$494K$788K75xas long as short
dYdX ALGO-USDlong+0.2969%1h$158K$6K5x