Funding you earn now, next payment 08:00 UTC+0.0751%/8h= +82.3% APRpaid last 24h +0.141%
Price spread now: Kraken Futures against Binance+0.034%7-day average +0.126% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1461.458% of the position
Funding, last 7 days+0.535%+$53 on $10k
+Price spread, last 4 days (all we have)+0.204%+$20 · spread now +0.034%, 7d avg +0.126%
=Funding pays, the price is against you. Kraken Futures is 0.092% cheaper against Binance than usual: you would sell low and buy high (spread +0.034% now, against its 7-day average of +0.126%). If the spread goes back, that is −$9 on $10k: about 10 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.535% in total) that is about 29 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance DYDXUSDT | 0.1350 | 0.0100 | pay 0.0100% / 8h | 36m 12s | $5.2M | $7.9M | 75x |
| Short | Kraken Futures PF_DYDXUSD | 0.1350 | 0.0851 | get 0.0106% / 1h | 36m 12s | $305K | $318K | 20x |
Binance DYDXUSDT
Kraken Futures PF_DYDXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- $157.74
- Price spread: +0.034% → +0.126%
- −$9.19
- Slippage, 4 orders
- −$125.82
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $2.74
- Costs to cover
- 1.458%
- Break-even
- 6.9 days
Slippage from Binance: live order book, 3 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 Binance live order book, 3 min ago | 3.70 bp | 22.8 bp −$23 | 78.3 bp −$783 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 5.92 bp | 37.4 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
DYDX on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective DYDX/USDC PERP | −0.0058% | 1h | 0.1352 | +0.148% | $6K | $48K | 12x | as long as short |
| Deribit DYDX_USDC-PERPETUAL | 0.0000% | 1h | 0.1350 | 0.000% | — | — | 25x | as long as short |
| Lighter DYDX | +0.0096% | 1h | 0.1351 | +0.059% | $60K | $50K | 5x | as long as short |
| BloFin DYDX-USDT | +0.0097% | 8h | 0.1349 | −0.074% | $290K | $30K | 75x | as long as short |
| Hyperliquid DYDX | +0.0100% | 1h | 0.1352 | +0.141% | $2.0M | $713K | 5x | as long as short |
| Aster DYDXUSDT | +0.0100% | 8h | 0.1352 | +0.155% | $6K | $10K | 5x | as long as short |
| Binance DYDXUSDTlong | +0.0100% | 8h | 0.1350 | long leg | $5.2M | $7.9M | 75x | |
| Bybit DYDXUSDT | +0.0100% | 8h | 0.1349 | −0.074% | $4.6M | $2.4M | 75x | as long as short |
| OKX DYDX-USDT-SWAP | +0.0100% | 8h | 0.1350 | +0.022% | $2.1M | $2.9M | 20x | as long as short |
| Arcus DYDX-USD | +0.0100% | 1h | 0.1350 | 0.000% | $52K | $20K | 5x | as long as short |
Injective DYDX/USDC PERP
Deribit DYDX_USDC-PERPETUAL
Lighter DYDX
BloFin DYDX-USDT
Hyperliquid DYDX
Aster DYDXUSDT
Bybit DYDXUSDT
OKX DYDX-USDT-SWAP
Arcus DYDX-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate DYDX_USDT | +0.0100% | 8h | 0.1350 | −0.007% | $376K | $427K | 75x | as long as short |
| MEXC DYDX_USDT | +0.0100% | 8h | 0.1350 | 0.000% | $2.9M | $781K | 125x | as long as short |
| KuCoin DYDXUSDTM | +0.0100% | 8h | 0.1351 | +0.074% | $2.3M | $3.5M | 50x | as long as short |
| Bitget DYDXUSDT | +0.0100% | 8h | 0.1350 | 0.000% | $1.4M | $896K | 10x | as long as short |
| BingX DYDX-USDT | +0.0100% | 8h | 0.1350 | 0.000% | — | $3.0M | — | as long as short |
| Extended DYDX-USD | +0.0104% | 1h | 0.1350 | −0.029% | $1K | $404K | 10x | as long as short |
| Aevo DYDX-PERP | +0.0104% | 1h | 0.1350 | 0.000% | $49K | — | 3x | as long as short |
| GMX DYDX/USD [WBTC.b-USDC] | L +0.0187% / S −0.0526% | 1h | 0.1350 | −0.026% | $915 | — | 100x | as long as short |
| Kraken Futures PF_DYDXUSDshort | +0.0851% | 1h | 0.1350 | +0.034% | $305K | $318K | 20x | |
| Coinbase International DYDX-PERP-INTX | +0.1000% | 1h | 0.1353 | +0.222% | $17K | $27K | 50x | as long as short |
| dYdX DYDX-USD | +0.7535% | 1h | 0.1350 | −0.013% | $77K | $2K | 5x | as long as short |
Gate DYDX_USDT
MEXC DYDX_USDT
KuCoin DYDXUSDTM
Bitget DYDXUSDT
BingX DYDX-USDT
Extended DYDX-USD
Aevo DYDX-PERP
GMX DYDX/USD [WBTC.b-USDC]
Coinbase International DYDX-PERP-INTX
dYdX DYDX-USD