Funding you earn now, next payment 20:00 UTC−0.0256%/8hpaid last 24h −0.053%
Price spread now: Kraken Futures against OKX+0.131%7-day average +0.133% · you sell dearer than you buy
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$930.931% of the position
Funding, last 7 days−0.285%−$28 on $10k
+Price spread, last 3 days (all we have)+0.055%+$6 · spread now +0.131%, 7d avg +0.133%
=The price spread sits at its 7-day average of +0.133%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ALGO-USDT-SWAP | 0.1113 | 0.0100 | pay 0.0100% / 8h | 4h 21m | $3.0M | $7.9M | 50x |
| Short | Kraken Futures PF_ALGOUSD | 0.1115 | −0.0156 | pay 0.0020% / 1h | 21m 51s | $825K | $1.3M | 50x |
OKX ALGO-USDT-SWAP
Kraken Futures PF_ALGOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- −$53.79
- Price spread: +0.131% → +0.133%
- −$0.2
- Slippage, 4 orders
- −$73.06
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$147.04
- Costs to cover
- 0.931%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; Kraken Futures: live order book, 1 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 OKX live order book, 5 min ago | 1.35 bp | 14.6 bp −$15 | 61.7 bp −$617 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 8.97 bp | 29.7 bp −$30 | 52.9 bp −$529 | 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 | −0.0199% | 1h | 0.1114 | +0.081% | $101K | $54K | 25x | as long as short |
| Kraken Futures PF_ALGOUSDshort | −0.0156% | 1h | 0.1115 | +0.131% | $825K | $1.3M | 50x | |
| Bybit ALGOUSDT | −0.0062% | 8h | 0.1113 | −0.027% | $11.3M | $12.4M | 75x | as long as short |
| Variational Omni ALGO | −0.0002% | 8h | 0.1108 | −0.485% | $64K | $11K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1115 | +0.141% | $7K | — | 150x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0008% | 1h | 0.1109 | −0.431% | $62K | $353K | 50x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1129 | +1.401% | $841 | $81K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1116 | +0.269% | $3.7M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1115 | +0.114% | $44K | $34K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1115 | +0.099% | $10.0M | $35.2M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Bybit ALGOUSDT
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Coinbase International ALGO-PERP-INTX
Injective ALGO/USDC PERP
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-SWAPlong | +0.0100% | 8h | 0.1113 | long leg | $3.0M | $7.9M | 50x | |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1114 | +0.027% | $842K | $801K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1114 | +0.036% | $22.4M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1114 | +0.090% | $3.6M | $1.6M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1114 | +0.054% | $5.6M | $3.7M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1114 | +0.027% | — | $3.1M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1114 | +0.009% | $66K | $111K | 75x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1114 | +0.035% | $7K | $210K | 10x | as long as short |
| Phemex ALGOUSDT | +0.0129% | 8h | 0.1116 | +0.234% | $3.8M | $1.8M | 50x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0152% / S −0.0076% | 1h | 0.1115 | +0.100% | $5K | — | 100x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1114 | +0.036% | $490K | $805K | 75x | as long as short |
| dYdX ALGO-USD | +0.5003% | 1h | 0.1115 | +0.131% | $160K | $6K | 5x | as long as short |
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Extended ALGO-USD
Phemex ALGOUSDT
GMX ALGO/USD [WBTC.b-USDC]
BloFin ALGO-USDT
dYdX ALGO-USD