Funding you earn now, next payment 06:00 UTC−0.1488%/8h= −162.9% APRnext payment −$1.86 per $10,000 · paid last 24h −0.583%
Price spread now: Kraken Futures against dYdX+0.003%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$445as in the Funding arb table
Net, price: spread back to 7d avg − costs−$257as in the Price arb table
costs, in and out, $10k−$2542.538% of the position
Funding, last 7 days−1.910%−$191 on $10k
+Price spread, last 4 days (all we have)+0.209%+$21 · spread now +0.003%, 7d avg +0.036%
=Both sides work against this trade now: funding costs −$45 a day on $10k at the current rate, and Kraken Futures is 0.032% cheaper against dYdX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.036%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX ALGO-USD | 0.1097 | 0.1601 | pay 0.0200% / 1h | 45m 31s | $158K | $4K | 5x |
| Short | Kraken Futures PF_ALGOUSD | 0.1097 | 0.0113 | get 0.0014% / 1h | 45m 31s | $827K | $1.1M | 50x |
dYdX ALGO-USD
Kraken Futures PF_ALGOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$312.48
- Price spread: +0.003% → +0.036%
- −$3.23
- Slippage, 4 orders
- −$233.85
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$569.57
- Costs to cover
- 2.538%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 3 min ago; Kraken Futures: live order book, 3 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, 3 min ago | 92.80 bp | 97.8 bp −$98 | 97.8 bp −$978 | 106.5 bp −$10.6K | 912.9 bp −$456.4K |
| Sell Kraken Futures live order book, 3 min ago | 9.51 bp | 22.4 bp −$22 | 42.8 bp −$428 | 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 | −0.1299% | 1h | 0.1096 | −0.101% | $87K | $44K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1098 | +0.103% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +2.115% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1099 | +0.191% | $3.6M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1097 | +0.043% | $44K | $37K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1097 | +0.018% | $9.5M | $34.7M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1096 | −0.091% | $11.0M | $12.6M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1097 | +0.045% | $2.7M | $7.7M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1097 | 0.000% | $845K | $918K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1097 | 0.000% | $22.8M | $3.1M | 200x | as long as short |
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1097 | +0.036% | $3.4M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1097 | +0.018% | $5.4M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1097 | −0.018% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1097 | −0.022% | $60K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1098 | +0.109% | $59K | $135K | 75x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1096 | −0.045% | $4K | $195K | 10x | as long as short |
| Phemex ALGOUSDT | +0.0109% | 8h | 0.1099 | +0.200% | $3.7M | $1.8M | 50x | as long as short |
| Kraken Futures PF_ALGOUSDshort | +0.0113% | 1h | 0.1097 | +0.003% | $827K | $1.1M | 50x | |
| Coinbase International ALGO-PERP-INTX | +0.0144% | 1h | 0.1106 | +0.839% | $63K | $287K | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1100 | +0.319% | $472K | $865K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0317% / S −0.0264% | 1h | 0.1098 | +0.118% | $6K | — | 100x | as long as short |
| dYdX ALGO-USDlong | +0.1601% | 1h | 0.1097 | long leg | $158K | $4K | 5x |
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Extended ALGO-USD
Phemex ALGOUSDT
Coinbase International ALGO-PERP-INTX
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]