Funding you earn now, next payment 20:00 UTC−0.0890%/8hpaid last 24h −0.038%
Price spread now: Bitget against Kraken Futures−0.126%7-day average −0.148% · you buy dearer than you sell
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1371.369% of the position
Funding, last 7 days−0.379%−$38 on $10k
+Price spread, last 3 days (all we have)−0.120%−$12 · spread now −0.126%, 7d avg −0.148%
=The price spread pays, funding is against you. Bitget is 0.022% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.126% now, against its 7-day average of −0.148%): +$2 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.379% in total) that is about 10 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.379% in total (about -19.8% 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 | 0.0990 | pay 0.0124% / 1h | 5m 19s | $325K | $322K | 20x |
| Short | Bitget DYDXUSDT | 0.1356 | 0.0100 | get 0.0100% / 8h | 4h 05m | $1.4M | $1.2M | 10x |
Kraken Futures PF_DYDXUSD
Bitget DYDXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$187
- Price spread: −0.126% → −0.148%
- $2.19
- Slippage, 4 orders
- −$114.9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$321.71
- Costs to cover
- 1.369%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 26 min ago; Bitget: 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, 26 min ago | 13.98 bp | 46.5 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 6 min ago | 7.38 bp | 27.0 bp −$27 | 70.1 bp −$701 | 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 | −0.0596% | 1h | 0.1358 | +0.021% | $6K | $87K | 12x | as long as short |
| Deribit DYDX_USDC-PERPETUAL | 0.0000% | 1h | 0.1356 | −0.126% | — | — | 25x | as long as short |
| BloFin DYDX-USDT | +0.0080% | 8h | 0.1355 | −0.200% | $303K | $15K | 75x | as long as short |
| Lighter DYDX | +0.0096% | 1h | 0.1357 | −0.082% | $62K | $45K | 5x | as long as short |
| Hyperliquid DYDX | +0.0100% | 1h | 0.1359 | +0.073% | $2.1M | $727K | 5x | as long as short |
| Aster DYDXUSDT | +0.0100% | 8h | 0.1355 | −0.200% | $4K | $12K | 5x | as long as short |
| Binance DYDXUSDT | +0.0100% | 8h | 0.1357 | −0.082% | $5.2M | $8.5M | 75x | as long as short |
| Bybit DYDXUSDT | +0.0100% | 8h | 0.1356 | −0.155% | $4.6M | $2.5M | 75x | as long as short |
| OKX DYDX-USDT-SWAP | +0.0100% | 8h | 0.1357 | −0.074% | $2.1M | $3.4M | 20x | as long as short |
| Arcus DYDX-USD | +0.0100% | 1h | 0.1358 | +0.021% | $52K | $19K | 5x | as long as short |
Injective DYDX/USDC PERP
Deribit DYDX_USDC-PERPETUAL
BloFin DYDX-USDT
Lighter DYDX
Hyperliquid DYDX
Aster DYDXUSDT
Binance 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 | 0.1356 | −0.126% | $390K | $473K | 75x | as long as short |
| MEXC DYDX_USDT | +0.0100% | 8h | 0.1357 | −0.052% | $3.3M | $780K | 125x | as long as short |
| KuCoin DYDXUSDTM | +0.0100% | 8h | 0.1357 | −0.052% | $2.0M | $3.9M | 50x | as long as short |
| Bitget DYDXUSDTshort | +0.0100% | 8h | 0.1356 | −0.126% | $1.4M | $1.2M | 10x | |
| BingX DYDX-USDT | +0.0100% | 8h | 0.1356 | −0.126% | — | $8.0M | — | as long as short |
| Extended DYDX-USD | +0.0104% | 1h | 0.1356 | −0.090% | $3K | $109K | 10x | as long as short |
| Aevo DYDX-PERP | +0.0104% | 1h | 0.1358 | +0.024% | $49K | — | 3x | as long as short |
| GMX DYDX/USD [WBTC.b-USDC] | L +0.0187% / S −0.0526% | 1h | 0.1356 | −0.113% | $920 | — | 100x | as long as short |
| Coinbase International DYDX-PERP-INTX | +0.0944% | 1h | 0.1360 | +0.169% | $16K | $31K | 50x | as long as short |
| Kraken Futures PF_DYDXUSDlong | +0.0990% | 1h | 0.1358 | long leg | $325K | $322K | 20x | |
| dYdX DYDX-USD | +0.2719% | 1h | 0.1356 | −0.148% | $77K | $2K | 5x | as long as short |
Gate DYDX_USDT
MEXC DYDX_USDT
KuCoin DYDXUSDTM
BingX DYDX-USDT
Extended DYDX-USD
Aevo DYDX-PERP
GMX DYDX/USD [WBTC.b-USDC]
Coinbase International DYDX-PERP-INTX
dYdX DYDX-USD