Funding you earn now, next payment 08:00 UTC−0.0940%/8h= −102.9% APRpaid last 24h −0.509%
Price spread now: Phemex against dYdX+0.283%7-day average +0.116% · you sell dearer than you buy
Net, funding: paid 7d − costs−$296as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1421.415% of the position
Funding, last 7 days−1.546%−$155 on $10k
+Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.283%, 7d avg +0.116%
=The price spread pays, funding is against you. Phemex is 0.167% dearer against dYdX than usual: you sell high and buy low (spread +0.283% now, against its 7-day average of +0.116%): +$17 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 14 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX ALGO-USD | 0.1112 | 0.1040 | pay 0.0130% / 1h | 3m 44s | $160K | $5K | 5x |
| Short | Phemex ALGOUSDT | 0.1115 | 0.0100 | get 0.0100% / 8h | 3m 44s | $3.8M | $1.8M | 50x |
dYdX ALGO-USD
Phemex ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$197.32
- Price spread: +0.283% → +0.116%
- $16.67
- Slippage, 4 orders
- −$119.53
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$322.18
- Costs to cover
- 1.415%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 35 min ago; Phemex: live order book, 5 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 | 24.15 bp | 45.0 bp −$45 | 106.2 bp −$1,062 | 144.8 bp −$14.5K | 807.1 bp −$403.5K |
| Sell Phemex live order book, 5 min ago | 4.48 bp | 25.7 bp −$26 | 63.0 bp −$630 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALGOUSD | −0.0265% | 1h | 0.1114 | +0.150% | $831K | $1.1M | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0199% | 1h | 0.1113 | +0.076% | $88K | $46K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1113 | +0.125% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.733% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1112 | +0.040% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1111 | −0.035% | $44K | $37K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1111 | −0.077% | $9.5M | $34.6M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1110 | −0.149% | $11.2M | $13.1M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1111 | −0.086% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1112 | +0.013% | $837K | $956K | 50x | as long as short |
Kraken Futures PF_ALGOUSD
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_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1111 | −0.095% | $23.4M | $3.2M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1111 | −0.041% | $3.4M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1111 | −0.077% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1111 | −0.050% | — | $3.4M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1113 | +0.067% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1112 | +0.004% | $58K | $137K | 75x | as long as short |
| Phemex ALGOUSDTshort | +0.0100% | 8h | 0.1115 | +0.283% | $3.8M | $1.8M | 50x | |
| Extended ALGO-USD | +0.0104% | 1h | 0.1111 | −0.104% | $4K | $195K | 10x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0144% | 1h | 0.1117 | +0.427% | $63K | $194K | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1114 | +0.148% | $476K | $835K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0319% / S −0.0264% | 1h | 0.1113 | +0.110% | $6K | — | 100x | as long as short |
| dYdX ALGO-USDlong | +0.1040% | 1h | 0.1112 | long leg | $160K | $5K | 5x |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Extended ALGO-USD
Coinbase International ALGO-PERP-INTX
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]