Funding you earn now, next payment 05:00 UTC−0.0027%/8h= −3.0% APRnext payment −$0.03 per $10,000 · paid last 24h +0.048%
Price spread now: Extended against Kraken Futures−0.087%7-day average −0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$720.716% of the position
Funding, last 7 days+0.276%+$28 on $10k
+Price spread, last 4 days (all we have)−0.183%−$18 · spread now −0.087%, 7d avg −0.097%
=Together, before fees+0.093%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.097%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.276%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ALGOUSD | 0.1112 | 0.0131 | pay 0.0016% / 1h | 15m 44s | $840K | $1.1M | 50x |
| Short | Extended ALGO-USD | 0.1111 | 0.0104 | get 0.0013% / 1h | 15m 44s | $4K | $213K | 10x |
Kraken Futures PF_ALGOUSD
Extended ALGO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Kraken Futures. 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
- −$5.71
- Price spread: −0.087% → −0.097%
- $1.01
- Slippage, 4 orders
- −$56.65
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$76.35
- Costs to cover
- 0.716%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; Extended: live order book, 36 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 Kraken Futures live order book, 3 min ago | 8.52 bp | 25.2 bp −$25 | 54.3 bp −$543 | doesn't fit | doesn't fit |
| Sell Extended live order book, 36 min ago | 1.35 bp | 13.8 bp −$14 | 142.7 bp −$1,427 | 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 | −0.0110% | 1h | 0.1112 | −0.030% | $88K | $45K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1113 | +0.043% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.698% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1114 | +0.123% | $3.6M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1113 | +0.077% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1113 | +0.024% | $9.7M | $34.5M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1111 | −0.111% | $11.2M | $12.5M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1111 | −0.075% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1113 | +0.051% | $858K | $907K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1112 | −0.030% | $23.2M | $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 | 0.1113 | +0.024% | $3.5M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1112 | −0.021% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1112 | −0.057% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1111 | −0.151% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1115 | +0.213% | $60K | $135K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1114 | +0.159% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USDshort | +0.0104% | 1h | 0.1111 | −0.087% | $4K | $213K | 10x | |
| Kraken Futures PF_ALGOUSDlong | +0.0131% | 1h | 0.1112 | long leg | $840K | $1.1M | 50x | |
| Coinbase International ALGO-PERP-INTX | +0.0168% | 1h | 0.1112 | −0.048% | $64K | $304K | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1114 | +0.159% | $484K | $873K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0319% / S −0.0264% | 1h | 0.1112 | 0.000% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1175% | 1h | 0.1115 | +0.231% | $161K | $4K | 5x | as long as short |
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Phemex ALGOUSDT
Coinbase International ALGO-PERP-INTX
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD