Funding you earn now, next payment 05:00 UTC+0.1919%/8h= +210.1% APRnext payment +$2.40 per $10,000 · paid last 24h +0.566%
Price spread now: dYdX against Coinbase International−0.018%7-day average +0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs+$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1361.358% of the position
Funding, last 7 days+1.934%+$193 on $10k
+Price spread, last 4 days (all we have)+0.055%+$5 · spread now −0.018%, 7d avg +0.065%
=Funding pays, the price is against you. dYdX is 0.083% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.018% now, against its 7-day average of +0.065%). If the spread goes back, that is −$8 on $10k: about 3 hours of funding at the current rate (+$58 a day). At the pace of the last 7 days (+1.934% in total) that is about 7 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ALGO-PERP-INTX | 0.1106 | 0.0144 | pay 0.0018% / 1h | 50m 19s | $63K | $287K | 50x |
| Short | dYdX ALGO-USD | 0.1106 | 0.2063 | get 0.0258% / 1h | 50m 19s | $159K | $4K | 5x |
Coinbase International ALGO-PERP-INTX
dYdX ALGO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Coinbase International. 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
- $402.97
- Price spread: −0.018% → +0.065%
- −$8.31
- Slippage, 4 orders
- −$115.84
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $258.82
- Costs to cover
- 1.358%
- Break-even
- 2.5 days
Slippage from Coinbase International: live order book, 63 min ago; dYdX: live order book, 64 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 Coinbase International live order book, 63 min ago | 10.29 bp | 20.6 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell dYdX live order book, 64 min ago | 37.92 bp | 50.6 bp −$51 | 212.3 bp −$2,123 | 247.1 bp −$24.7K | 1270.4 bp −$635.2K |
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 | −0.0112% | 1h | 0.1105 | −0.108% | $87K | $44K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1105 | −0.063% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.266% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1106 | +0.027% | $3.6M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1105 | −0.134% | $44K | $37K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1104 | −0.198% | $9.5M | $34.6M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1103 | −0.271% | $11.1M | $12.5M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1103 | −0.244% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1104 | −0.217% | $850K | $910K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1104 | −0.163% | $23.0M | $3.1M | 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 | 0.1105 | −0.136% | $3.4M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1104 | −0.181% | $5.5M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1105 | −0.118% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1100 | −0.569% | $60K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1101 | −0.425% | $59K | $135K | 75x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1104 | −0.144% | $4K | $195K | 10x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0112% | 1h | 0.1105 | −0.107% | $833K | $1.1M | 50x | as long as short |
| Phemex ALGOUSDT | +0.0121% | 8h | 0.1107 | +0.090% | $3.7M | $1.8M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTXlong | +0.0144% | 1h | 0.1106 | long leg | $63K | $287K | 50x | |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1100 | −0.561% | $475K | $866K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0318% / S −0.0264% | 1h | 0.1105 | −0.084% | $6K | — | 100x | as long as short |
| dYdX ALGO-USDshort | +0.2063% | 1h | 0.1106 | −0.018% | $159K | $4K | 5x |
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Extended ALGO-USD
Kraken Futures PF_ALGOUSD
Phemex ALGOUSDT
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]