Funding you earn now, next payment 06:00 UTC−0.0936%/8h= −102.5% APRpaid last 24h −0.124%
Price spread now: BloFin against Kraken Futures+0.005%7-day average −0.153% · you sell dearer than you buy
Net, funding: paid 7d − costs−$227as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1751.753% of the position
Funding, last 7 days−0.514%−$51 on $10k
+Price spread, last 4 days (all we have)−0.260%−$26 · spread now +0.005%, 7d avg −0.153%
=The price spread pays, funding is against you. BloFin is 0.157% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.005% now, against its 7-day average of −0.153%): +$16 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.514% in total) that is about 2.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.514% in total (about -26.8% 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 | 0.1028 | pay 0.0128% / 1h | 3m 13s | $310K | $355K | 20x |
| Short | BloFin DYDX-USDT | 0.1358 | 0.0092 | get 0.0092% / 8h | 2h 03m | $292K | $15K | 75x |
Kraken Futures PF_DYDXUSD
BloFin DYDX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$196.54
- Price spread: +0.005% → −0.153%
- $15.72
- Slippage, 4 orders
- −$153.31
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$356.12
- Costs to cover
- 1.753%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 45 min ago; BloFin: live order book, 4 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, 45 min ago | 9.95 bp | 93.7 bp −$94 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 14.74 bp | 22.9 bp −$23 | 63.3 bp −$633 | 238.8 bp −$23.9K | 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 | 0.1355 | −0.216% | $6K | $49K | 12x | as long as short |
| BloFin DYDX-USDTshort | +0.0092% | 8h | 0.1358 | +0.005% | $292K | $15K | 75x | |
| Lighter DYDX | +0.0096% | 1h | 0.1358 | +0.019% | $60K | $48K | 5x | as long as short |
| Hyperliquid DYDX | +0.0100% | 1h | 0.1360 | +0.167% | $2.1M | $715K | 5x | as long as short |
| Aster DYDXUSDT | +0.0100% | 8h | 0.1357 | −0.101% | $6K | $12K | 5x | as long as short |
| Binance DYDXUSDT | +0.0100% | 8h | 0.1358 | +0.005% | $5.3M | $8.6M | 75x | as long as short |
| Bybit DYDXUSDT | +0.0100% | 8h | 0.1356 | −0.128% | $4.6M | $2.4M | 75x | as long as short |
| OKX DYDX-USDT-SWAP | +0.0100% | 8h | 0.1359 | +0.056% | $2.1M | $3.2M | 20x | as long as short |
| Gate DYDX_USDT | +0.0100% | 8h | 0.1357 | −0.099% | $381K | $473K | 75x | as long as short |
| MEXC DYDX_USDT | +0.0100% | 8h | 0.1357 | −0.069% | $2.9M | $794K | 125x | as long as short |
Injective DYDX/USDC PERP
Lighter DYDX
Hyperliquid DYDX
Aster DYDXUSDT
Binance DYDXUSDT
Bybit DYDXUSDT
OKX DYDX-USDT-SWAP
Gate DYDX_USDT
MEXC DYDX_USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin DYDXUSDTM | +0.0100% | 8h | 0.1358 | +0.005% | $2.3M | $3.7M | 50x | as long as short |
| Bitget DYDXUSDT | +0.0100% | 8h | 0.1358 | +0.005% | $1.4M | $1.0M | 10x | as long as short |
| BingX DYDX-USDT | +0.0100% | 8h | 0.1358 | +0.005% | — | $3.0M | — | as long as short |
| Extended DYDX-USD | +0.0104% | 1h | 0.1358 | −0.023% | $4K | $122K | 10x | as long as short |
| Aevo DYDX-PERP | +0.0104% | 1h | 0.1360 | +0.152% | $49K | — | 3x | as long as short |
| GMX DYDX/USD [WBTC.b-USDC] | L +0.0187% / S −0.0526% | 1h | 0.1357 | −0.096% | $920 | — | 100x | as long as short |
| Deribit DYDX_USDC-PERPETUAL | +0.0487% | 1h | 0.1358 | +0.005% | — | — | 25x | as long as short |
| Arcus DYDX-USD | +0.0562% | 1h | 0.1360 | +0.152% | $53K | $20K | 5x | as long as short |
| Coinbase International DYDX-PERP-INTX | +0.0888% | 1h | 0.1361 | +0.226% | $17K | $34K | 50x | as long as short |
| Kraken Futures PF_DYDXUSDlong | +0.1028% | 1h | 0.1358 | long leg | $310K | $355K | 20x | |
| dYdX DYDX-USD | +0.5634% | 1h | 0.1357 | −0.102% | $77K | $2K | 5x | as long as short |
KuCoin DYDXUSDTM
Bitget DYDXUSDT
BingX DYDX-USDT
Extended DYDX-USD
Aevo DYDX-PERP
GMX DYDX/USD [WBTC.b-USDC]
Deribit DYDX_USDC-PERPETUAL
Arcus DYDX-USD
Coinbase International DYDX-PERP-INTX
dYdX DYDX-USD