Funding you earn now, next payment 05:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.083%
Price spread now: Kraken Futures against BloFin+0.036%57s7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$670.670% of the position
Funding, last 7 days−0.565%−$57 on $10k
+Price spread, last 4 days (all we have)+0.100%+$10 · spread now +0.036%, 7d avg +0.083%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kraken Futures is 0.047% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.083%). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ALGO-USDT | 0.1105 | 0.0220 | pay 0.0220% / 8h | 3h 06m | $478K | $888K | 75x |
| Short | Kraken Futures PF_ALGOUSD | 0.1106 | 0.0132 | get 0.0016% / 1h | 6m 06s | $832K | $1.1M | 50x |
BloFin ALGO-USDT
Kraken Futures PF_ALGOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- −$18.49
- Price spread: +0.036% → +0.083%
- −$4.72
- Slippage, 4 orders
- −$44.96
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$90.17
- Costs to cover
- 0.670%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 26 min ago; Kraken Futures: live order book, 2 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 BloFin live order book, 26 min ago | 0.45 bp | 6.4 bp −$6 | 15.7 bp −$157 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 9.49 bp | 23.0 bp −$23 | 42.8 bp −$428 | 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 | −0.0021% | 1h | 0.1105 | −0.027% | $87K | $45K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1106 | +0.022% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.312% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1107 | +0.136% | $3.6M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1105 | −0.017% | $44K | $37K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1105 | −0.030% | $9.6M | $34.6M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1104 | −0.109% | $11.1M | $12.6M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1105 | −0.072% | $2.7M | $7.7M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1104 | −0.181% | $851K | $908K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1105 | −0.027% | $23.0M | $3.2M | 200x | as long as short |
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1106 | +0.018% | $3.5M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1105 | −0.045% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1105 | −0.054% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1108 | +0.199% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1106 | +0.018% | $60K | $135K | 75x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1105 | −0.054% | $4K | $195K | 10x | as long as short |
| Phemex ALGOUSDT | +0.0112% | 8h | 0.1108 | +0.226% | $3.7M | $1.8M | 50x | as long as short |
| Kraken Futures PF_ALGOUSDshort | +0.0132% | 1h | 0.1106 | +0.036% | $832K | $1.1M | 50x | |
| Coinbase International ALGO-PERP-INTX | +0.0168% | 1h | 0.1105 | −0.009% | $64K | $302K | 50x | as long as short |
| BloFin ALGO-USDTlong | +0.0220% | 8h | 0.1105 | long leg | $478K | $888K | 75x | |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0318% / S −0.0264% | 1h | 0.1105 | −0.009% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1250% | 1h | 0.1106 | +0.028% | $159K | $4K | 5x | as long as short |
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Extended ALGO-USD
Phemex ALGOUSDT
Coinbase International ALGO-PERP-INTX
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD