Funding you earn now, next payment 06:00 UTC−0.0928%/8h= −101.6% APRpaid last 24h −0.124%
Price spread now: Binance against Kraken Futures+0.059%7-day average −0.128% · you sell dearer than you buy
Net, funding: paid 7d − costs−$191as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1401.405% of the position
Funding, last 7 days−0.502%−$50 on $10k
+Price spread, last 4 days (all we have)−0.392%−$39 · spread now +0.059%, 7d avg −0.128%
=The price spread pays, funding is against you. Binance is 0.187% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of −0.128%): +$19 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.502% in total) that is about 2.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.502% in total (about -26.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_DYDXUSD | 0.1358 | 0.1028 | pay 0.0128% / 1h | 48m 38s | $308K | $351K | 20x |
| Short | Binance DYDXUSDT | 0.1359 | 0.0100 | get 0.0100% / 8h | 2h 48m | $5.3M | $8.5M | 75x |
Kraken Futures PF_DYDXUSD
Binance DYDXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$194.79
- Price spread: +0.059% → −0.128%
- $18.74
- Slippage, 4 orders
- −$120.45
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$316.51
- Costs to cover
- 1.405%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 64 min ago; Binance: live order book, 6 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, 64 min ago | 15.16 bp | 64.9 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 3.68 bp | 20.7 bp −$21 | 74.1 bp −$741 | 474.8 bp −$47.5K | 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 | −0.0066% | 1h | 0.1362 | +0.280% | $6K | $49K | 12x | as long as short |
| BloFin DYDX-USDT | +0.0093% | 8h | 0.1362 | +0.280% | $299K | $12K | 75x | as long as short |
| Lighter DYDX | +0.0096% | 1h | 0.1358 | −0.007% | $60K | $48K | 5x | as long as short |
| Aster DYDXUSDT | +0.0100% | 8h | 0.1360 | +0.097% | $6K | $12K | 5x | as long as short |
| Binance DYDXUSDTshort | +0.0100% | 8h | 0.1359 | +0.059% | $5.3M | $8.5M | 75x | |
| Bybit DYDXUSDT | +0.0100% | 8h | 0.1356 | −0.169% | $4.6M | $2.4M | 75x | as long as short |
| OKX DYDX-USDT-SWAP | +0.0100% | 8h | 0.1359 | +0.052% | $2.1M | $3.2M | 20x | as long as short |
| Gate DYDX_USDT | +0.0100% | 8h | 0.1357 | −0.088% | $382K | $461K | 75x | as long as short |
| MEXC DYDX_USDT | +0.0100% | 8h | 0.1359 | +0.059% | $2.9M | $783K | 125x | as long as short |
| KuCoin DYDXUSDTM | +0.0100% | 8h | 0.1357 | −0.088% | $2.3M | $3.7M | 50x | as long as short |
Injective DYDX/USDC PERP
BloFin DYDX-USDT
Lighter DYDX
Aster DYDXUSDT
Bybit DYDXUSDT
OKX DYDX-USDT-SWAP
Gate DYDX_USDT
MEXC DYDX_USDT
KuCoin DYDXUSDTMShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget DYDXUSDT | +0.0100% | 8h | 0.1358 | −0.014% | $1.4M | $1.0M | 10x | as long as short |
| BingX DYDX-USDT | +0.0100% | 8h | 0.1358 | −0.014% | — | $3.0M | — | as long as short |
| Extended DYDX-USD | +0.0104% | 1h | 0.1359 | +0.033% | $3K | $108K | 10x | as long as short |
| Aevo DYDX-PERP | +0.0104% | 1h | 0.1356 | −0.182% | $49K | — | 3x | as long as short |
| GMX DYDX/USD [WBTC.b-USDC] | L +0.0187% / S −0.0526% | 1h | 0.1356 | −0.197% | $920 | — | 100x | as long as short |
| Hyperliquid DYDX | +0.0194% | 1h | 0.1360 | +0.155% | $2.1M | $721K | 5x | as long as short |
| Deribit DYDX_USDC-PERPETUAL | +0.0487% | 1h | 0.1357 | −0.088% | — | — | 25x | as long as short |
| Arcus DYDX-USD | +0.0562% | 1h | 0.1361 | +0.207% | $53K | $20K | 5x | as long as short |
| Coinbase International DYDX-PERP-INTX | +0.0888% | 1h | 0.1364 | +0.428% | $17K | $37K | 50x | as long as short |
| Kraken Futures PF_DYDXUSDlong | +0.1028% | 1h | 0.1358 | long leg | $308K | $351K | 20x | |
| dYdX DYDX-USD | +0.4215% | 1h | 0.1357 | −0.108% | $77K | $2K | 5x | as long as short |
Bitget DYDXUSDT
BingX DYDX-USDT
Extended DYDX-USD
Aevo DYDX-PERP
GMX DYDX/USD [WBTC.b-USDC]
Hyperliquid DYDX
Deribit DYDX_USDC-PERPETUAL
Arcus DYDX-USD
Coinbase International DYDX-PERP-INTX
dYdX DYDX-USD