Funding you earn now, next payment 03:00 UTC+0.0251%/8h= +27.5% APRpaid last 24h −0.050%
Price spread now: Kraken Futures against Bitget+0.118%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$800.797% of the position
Funding, last 7 days−0.411%−$41 on $10k
+Price spread, last 4 days (all we have)+0.068%+$7 · spread now +0.118%, 7d avg +0.060%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kraken Futures is 0.058% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.060%. Mind the row above: over the last 7 days funding on this pair cost −0.411%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ALGOUSDT | 0.1123 | 0.0100 | pay 0.0100% / 8h | 5h 03m | $5.6M | $3.5M | 75x |
| Short | Kraken Futures PF_ALGOUSD | 0.1124 | 0.0351 | get 0.0044% / 1h | 3m 39s | $832K | $1.0M | 50x |
Bitget ALGOUSDT
Kraken Futures PF_ALGOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- $52.78
- Price spread: +0.118% → +0.060%
- $5.84
- Slippage, 4 orders
- −$57.67
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$21.05
- Costs to cover
- 0.797%
- Break-even
- 9.8 days
Slippage from Bitget: live order book, 5 min ago; Kraken Futures: live order book, 5 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 Bitget live order book, 5 min ago | 4.43 bp | 17.0 bp −$17 | 31.7 bp −$317 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 9.30 bp | 21.4 bp −$21 | 45.6 bp −$456 | 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 | −0.0551% | 1h | 0.1123 | +0.027% | $89K | $44K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1125 | +0.136% | $17K | — | 150x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0032% | 1h | 0.1131 | +0.748% | $70K | $275K | 50x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | −0.267% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1125 | +0.223% | $3.7M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1125 | +0.147% | $45K | $40K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1124 | +0.098% | $9.9M | $34.7M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1124 | +0.053% | $11.7M | $12.5M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1123 | +0.009% | $2.9M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1123 | +0.018% | $870K | $902K | 50x | as long as short |
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Coinbase International ALGO-PERP-INTX
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1124 | +0.045% | $23.0M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1124 | +0.116% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDTlong | +0.0100% | 8h | 0.1123 | long leg | $5.6M | $3.5M | 75x | |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1124 | +0.045% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1125 | +0.136% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1124 | +0.053% | $60K | $140K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1127 | +0.356% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1123 | +0.024% | $4K | $227K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1124 | +0.053% | $490K | $920K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0343% / S −0.0313% | 1h | 0.1124 | +0.060% | $7K | — | 100x | as long as short |
| Kraken Futures PF_ALGOUSDshort | +0.0351% | 1h | 0.1124 | +0.118% | $832K | $1.0M | 50x | |
| dYdX ALGO-USD | +0.1835% | 1h | 0.1125 | +0.146% | $162K | $4K | 5x | as long as short |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD