Funding you earn now, next payment 21:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.051%
Price spread now: Kraken Futures against Gate+0.017%7-day average +0.122% · you sell dearer than you buy
Net, funding: paid 7d − costs−$187as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1511.513% of the position
Funding, last 7 days−0.361%−$36 on $10k
+Price spread, last 3 days (all we have)+0.128%+$13 · spread now +0.017%, 7d avg +0.122%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Kraken Futures is 0.105% cheaper against Gate than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.122%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ALGO_USDT | 0.1123 | 0.0100 | pay 0.0100% / 8h | 3h 31m | $860K | $799K | 50x |
| Short | Kraken Futures PF_ALGOUSD | 0.1123 | −0.0140 | pay 0.0017% / 1h | 31m 29s | $832K | $1.2M | 50x |
Gate ALGO_USDT
Kraken Futures PF_ALGOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- −$50.38
- Price spread: +0.017% → +0.122%
- −$10.53
- Slippage, 4 orders
- −$126.28
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$212.19
- Costs to cover
- 1.513%
- Break-even
- never at this rate
Slippage from Gate: live order book, 15 min ago; Kraken Futures: live order book, 2 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 Gate live order book, 15 min ago | 6.29 bp | 52.5 bp −$52 | 385.9 bp −$3,859 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 10.69 bp | 29.4 bp −$29 | 73.2 bp −$732 | 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 | −0.0373% | 1h | 0.1123 | −0.045% | $102K | $52K | 25x | as long as short |
| Kraken Futures PF_ALGOUSDshort | −0.0140% | 1h | 0.1123 | +0.017% | $832K | $1.2M | 50x | |
| Injective ALGO/USDC PERP | −0.0126% | 1h | 0.1114 | −0.801% | $829 | $89K | 12x | as long as short |
| Bybit ALGOUSDT | −0.0071% | 8h | 0.1121 | −0.196% | $11.4M | $12.3M | 75x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1124 | +0.062% | $62K | $345K | 50x | as long as short |
| Variational Omni ALGO | −0.0019% | 8h | 0.1119 | −0.341% | $65K | $11K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1123 | −0.039% | $7K | — | 150x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1124 | +0.062% | $3.7M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1122 | −0.108% | $44K | $34K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1121 | −0.160% | $9.9M | $35.1M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Injective ALGO/USDC PERP
Bybit ALGOUSDT
Coinbase International ALGO-PERP-INTX
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1121 | −0.196% | $3.0M | $7.9M | 50x | as long as short |
| Gate ALGO_USDTlong | +0.0100% | 8h | 0.1123 | long leg | $860K | $799K | 50x | |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1122 | −0.125% | $22.7M | $2.9M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1122 | −0.062% | $3.6M | $1.6M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1122 | −0.089% | $5.7M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1122 | −0.125% | — | $3.2M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1121 | −0.160% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1124 | +0.089% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1121 | −0.167% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1121 | −0.178% | $482K | $800K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0237% / S −0.0158% | 1h | 0.1122 | −0.064% | $5K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1735% | 1h | 0.1124 | +0.048% | $161K | $5K | 5x | as long as short |
OKX ALGO-USDT-SWAP
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD