Funding you earn now, next payment 01:00 UTC−0.1717%/8h= −188.1% APRnext payment −$2.15 per $10,000 · paid last 24h −0.679%
Price spread now: Deribit against dYdX+0.009%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$670as in the Funding arb table
Net, price: spread back to 7d avg − costs−$401as in the Price arb table
costs, in and out, $10k−$4064.058% of the position
Funding, last 7 days−2.644%−$264 on $10k
+Price spread, last 3 days (all we have)+0.106%+$11 · spread now +0.009%, 7d avg −0.042%
=The price spread pays, funding is against you. Deribit is 0.051% dearer against dYdX than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.042%): +$5 on $10k if it goes back. Holding the pair costs −$52 a day in funding at the current rate, which eats that in about 2 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX ALGO-USD | 0.1117 | 0.1073 | pay 0.0134% / 1h | 50m 36s | $160K | $3K | 5x |
| Short | Deribit ALGO_USDC-PERPETUAL | 0.1117 | −0.0644 | pay 0.0080% / 1h | 50m 36s | $101K | $50K | 25x |
dYdX ALGO-USD
Deribit ALGO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$360.66
- Price spread: +0.009% → −0.042%
- $5.08
- Slippage, 4 orders
- −$388.78
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$761.37
- Costs to cover
- 4.058%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 23 min ago; Deribit: live order book, 23 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, 23 min ago | 54.84 bp | 59.8 bp −$60 | 59.8 bp −$598 | 61.4 bp −$6,137 | 499.1 bp −$249.6K |
| Sell Deribit live order book, 23 min ago | 4.90 bp | 10.2 bp −$10 | 19.8 bp −$198 | 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-PERPETUALshort | −0.0644% | 1h | 0.1117 | +0.009% | $101K | $50K | 25x | |
| Kraken Futures PF_ALGOUSD | −0.0567% | 1h | 0.1117 | +0.043% | $832K | $1.1M | 50x | as long as short |
| Bybit ALGOUSDT | −0.0278% | 8h | 0.1115 | −0.215% | $11.2M | $12.0M | 75x | as long as short |
| Variational Omni ALGO | −0.0137% | 8h | 0.1116 | −0.083% | $62K | $12K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0104% | 1h | 0.1123 | +0.555% | $67K | $301K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1118 | +0.107% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.269% | $834 | $233K | 12x | as long as short |
| MEXC ALGO_USDT | +0.0093% | 8h | 0.1115 | −0.179% | $22.9M | $2.9M | 200x | as long as short |
| Binance ALGOUSDT | +0.0093% | 8h | 0.1115 | −0.179% | $9.9M | $34.5M | 75x | as long as short |
| Extended ALGO-USD | +0.0096% | 1h | 0.1115 | −0.194% | $6K | $224K | 10x | as long as short |
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDT
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
MEXC ALGO_USDT
Binance ALGOUSDT
Extended ALGO-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ALGO | +0.0100% | 1h | 0.1117 | −0.036% | $3.7M | $1.8M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1117 | +0.027% | $44K | $38K | 5x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1115 | −0.170% | $2.9M | $7.5M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1117 | +0.009% | $877K | $810K | 50x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1116 | −0.054% | $3.6M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1116 | −0.090% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1116 | −0.107% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1117 | −0.009% | $66K | $108K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0189% | 8h | 0.1119 | +0.179% | $3.8M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0213% | 8h | 0.1121 | +0.367% | $492K | $792K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0339% / S −0.0345% | 1h | 0.1118 | +0.113% | $7K | — | 100x | as long as short |
| dYdX ALGO-USDlong | +0.1073% | 1h | 0.1117 | long leg | $160K | $3K | 5x |
Hyperliquid ALGO
Aster ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]