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Funding arb /

ALGO

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Funding spread now, next payment 14:00 UTC−0.0071%/8h
paid, last 24h−0.418%paid, last 7 days−1.285%to open and close $10k−$253
Long on dYdXShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ALGO-USD0.11490.0171pay 0.0021% / 1h31m 54s$165K$6K5x
ShortBybit ALGOUSDT0.11430.0100get 0.0100% / 8h2h 31m$11.8M$14.1M75x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
−$14.95
Slippage, 4 orders
−$232.1
Fee dYdX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$268.04
Break-even
never at this rate
Slippage from dYdX: live order book, 28 min ago; Bybit: live order book, 3 min ago.

Price risk

price view
Price gap now
−0.543%
Avg gap 7d
−0.071%
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, 28 min ago107.76 bp112.8 bp −$113112.8 bp −$1,128120.0 bp −$12.0K292.6 bp −$146.3K
Sell Bybit live order book, 3 min ago0.44 bp13.4 bp −$1334.6 bp −$346doesn't fitdoesn't fit

ALGO on 22 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Deribit ALGO_USDC-PERPETUAL−0.0185%1h$105K$57K25xas long as short
Coinbase International ALGO-PERP-INTX−0.0040%1h$70K$556K50xas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h$7K—150xas long as short
Kraken Futures PF_ALGOUSD+0.0032%1h$898K$1.8M50xas long as short
Injective ALGO/USDC PERP+0.0033%1h$859$100K12xas long as short
Hyperliquid ALGO+0.0100%1h$3.9M$3.2M5xas long as short
Aster ALGOUSDT+0.0100%8h$43K$92K5xas long as short
Binance ALGOUSDT+0.0100%8h$10.8M$41.5M75xas long as short
Bybit ALGOUSDTshort+0.0100%8h$11.8M$14.1M75x
OKX ALGO-USDT-SWAP+0.0100%8h$3.1M$11.0M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate ALGO_USDT+0.0100%8h$873K$1.2M50xas long as short
MEXC ALGO_USDT+0.0100%8h$21.9M$4.2M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h$3.8M$1.9M50xas long as short
Bitget ALGOUSDT+0.0100%8h$5.8M$4.3M75xas long as short
BingX ALGO-USDT+0.0100%8h—$3.2M—as long as short
Variational Omni ALGO+0.0100%8h$63K$193K—as long as short
HTX ALGO-USDT+0.0100%8h$69K$122K75xas long as short
Phemex ALGOUSDT+0.0100%8h$4.0M$2.0M50xas long as short
Extended ALGO-USD+0.0104%1h$13K$248K10xas long as short
dYdX ALGO-USDlong+0.0171%1h$165K$6K5x
BloFin ALGO-USDT+0.0220%8h$537K$684K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0240% / S −0.0167%1h$5K—100xas long as short