Funding you earn now, next payment 07:00 UTC−0.0850%/8h= −93.1% APRpaid last 24h −0.529%
Price spread now: Binance against dYdX−0.068%49s7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$466as 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−$3043.039% of the position
Funding, last 7 days−1.620%−$162 on $10k
+Price spread, last 4 days (all we have)+0.075%+$8 · spread now −0.068%, 7d avg −0.023%
=Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and Binance is 0.045% cheaper against dYdX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.023%). Swap the legs. The two prices were read 49 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 | dYdX ALGO-USD | 0.1106 | 0.0950 | pay 0.0119% / 1h | 1m 51s | $159K | $5K | 5x |
| Short | Binance ALGOUSDT | 0.1105 | 0.0100 | get 0.0100% / 8h | 1h 01m | $9.4M | $34.4M | 75x |
dYdX ALGO-USD
Binance ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against dYdX. 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
- −$178.54
- Price spread: −0.068% → −0.023%
- −$4.53
- Slippage, 4 orders
- −$283.91
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$486.97
- Costs to cover
- 3.039%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 42 min ago; Binance: live order book, 10 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 dYdX live order book, 42 min ago | 132.05 bp | 143.0 bp −$143 | 236.5 bp −$2,365 | 256.3 bp −$25.6K | 903.1 bp −$451.5K |
| Sell Binance live order book, 10 min ago | 1.36 bp | 11.6 bp −$12 | 29.0 bp −$290 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALGOUSD | −0.0273% | 1h | 0.1106 | +0.028% | $822K | $1.1M | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0202% | 1h | 0.1105 | −0.012% | $87K | $45K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1106 | +0.035% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.309% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1107 | +0.125% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1104 | −0.095% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDTshort | +0.0100% | 8h | 0.1105 | −0.068% | $9.4M | $34.4M | 75x | |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1104 | −0.138% | $10.9M | $12.7M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1105 | −0.057% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1104 | −0.147% | $833K | $951K | 50x | as long as short |
Kraken Futures PF_ALGOUSD
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster 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 | 0.1105 | −0.066% | $23.0M | $3.2M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1105 | −0.048% | $3.5M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1105 | −0.048% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1105 | −0.021% | — | $3.4M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1107 | +0.156% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1105 | −0.039% | $60K | $134K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1108 | +0.224% | $3.7M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1105 | −0.088% | $4K | $199K | 10x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0136% | 1h | 0.1109 | +0.359% | $63K | $193K | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1105 | −0.012% | $471K | $871K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0318% / S −0.0264% | 1h | 0.1106 | +0.017% | $6K | — | 100x | as long as short |
| dYdX ALGO-USDlong | +0.0950% | 1h | 0.1106 | long leg | $159K | $5K | 5x |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
Coinbase International ALGO-PERP-INTX
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]