Funding you earn now, next payment 02:00 UTC+0.1316%/8h= +144.1% APRpaid last 24h +0.548%
Price spread now: dYdX against KuCoin−0.124%47s7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$3173.165% of the position
Funding, last 7 days+1.625%+$162 on $10k
+Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.124%, 7d avg +0.005%
=Funding pays, the price is against you. dYdX is 0.129% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.124% now, against its 7-day average of +0.005%). If the spread goes back, that is −$13 on $10k: about 8 hours of funding at the current rate (+$39 a day). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ALGOUSDTM | 0.1114 | 0.0100 | pay 0.0100% / 8h | 6h 34m | $3.5M | $1.5M | 50x |
| Short | dYdX ALGO-USD | 0.1113 | 0.1416 | get 0.0177% / 1h | 34m 51s | $161K | $4K | 5x |
KuCoin ALGOUSDTM
dYdX ALGO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against KuCoin. 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
- $276.33
- Price spread: −0.124% → +0.005%
- −$12.91
- Slippage, 4 orders
- −$294.53
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$53.11
- Costs to cover
- 3.165%
- Break-even
- 8.3 days
Slippage from KuCoin: live order book, 8 min ago; dYdX: live order book, 34 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 KuCoin live order book, 8 min ago | 6.76 bp | 84.5 bp −$85 | 278.1 bp −$2,781 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 34 min ago | 20.42 bp | 63.7 bp −$64 | 219.8 bp −$2,198 | 269.9 bp −$27.0K | 1065.6 bp −$532.8K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1113 | −0.153% | $71K | $288K | 50x | as long as short |
| Variational Omni ALGO | −0.0005% | 8h | 0.1113 | −0.101% | $61K | $12K | — | as long as short |
| Deribit ALGO_USDC-PERPETUAL | 0.0000% | 1h | 0.1114 | −0.054% | $101K | $49K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1114 | −0.066% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.493% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1116 | +0.174% | $3.6M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1115 | +0.060% | $44K | $38K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1114 | −0.064% | $9.9M | $34.9M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1114 | −0.063% | $11.5M | $12.4M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1114 | −0.045% | $2.9M | $7.6M | 50x | as long as short |
Coinbase International ALGO-PERP-INTX
Variational Omni ALGO
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ALGO_USDT | +0.0100% | 8h | 0.1114 | −0.072% | $871K | $855K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1115 | +0.045% | $22.9M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTMlong | +0.0100% | 8h | 0.1114 | long leg | $3.5M | $1.5M | 50x | |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1114 | −0.045% | $5.6M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1114 | −0.072% | — | $3.4M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1114 | −0.054% | $60K | $144K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1116 | +0.135% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1115 | +0.035% | $8K | $229K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1117 | +0.197% | $489K | $801K | 75x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0262% | 1h | 0.1114 | −0.002% | $827K | $1.1M | 50x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0342% / S −0.0313% | 1h | 0.1114 | −0.087% | $7K | — | 100x | as long as short |
| dYdX ALGO-USDshort | +0.1416% | 1h | 0.1113 | −0.124% | $161K | $4K | 5x |
Gate ALGO_USDT
MEXC ALGO_USDT
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
Kraken Futures PF_ALGOUSD
GMX ALGO/USD [WBTC.b-USDC]