Funding you earn now, next payment 01:00 UTC−0.1214%/8h= −132.9% APRpaid last 24h −0.546%
Price spread now: Bitget against dYdX−0.071%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$561as in the Funding arb table
Net, price: spread back to 7d avg − costs−$422as in the Price arb table
costs, in and out, $10k−$4184.175% of the position
Funding, last 7 days−1.439%−$144 on $10k
+Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.071%, 7d avg −0.022%
=Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and Bitget is 0.049% cheaper against dYdX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.022%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX ALGO-USD | 0.1113 | 0.1314 | pay 0.0164% / 1h | 33m 40s | $159K | $3K | 5x |
| Short | Bitget ALGOUSDT | 0.1112 | 0.0100 | get 0.0100% / 8h | 7h 33m | $5.6M | $3.5M | 75x |
dYdX ALGO-USD
Bitget ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$254.85
- Price spread: −0.071% → −0.022%
- −$4.92
- Slippage, 4 orders
- −$395.51
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$677.29
- Costs to cover
- 4.175%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 40 min ago; Bitget: 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 dYdX live order book, 40 min ago | 54.84 bp | 59.8 bp −$60 | 59.8 bp −$598 | 61.4 bp −$6,137 | 499.1 bp −$249.6K |
| Sell Bitget live order book, 5 min ago | 9.01 bp | 19.7 bp −$20 | 37.2 bp −$372 | 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 | −0.0569% | 1h | 0.1114 | +0.092% | $829K | $1.1M | 50x | as long as short |
| Variational Omni ALGO | −0.0132% | 8h | 0.1110 | −0.262% | $61K | $11K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0104% | 1h | 0.1110 | −0.224% | $66K | $271K | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0019% | 1h | 0.1113 | +0.028% | $101K | $50K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1113 | +0.055% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.648% | $834 | $233K | 12x | as long as short |
| Bybit ALGOUSDT | +0.0039% | 8h | 0.1112 | −0.080% | $11.2M | $11.8M | 75x | as long as short |
| Extended ALGO-USD | +0.0088% | 1h | 0.1112 | −0.060% | $4K | $262K | 10x | as long as short |
| MEXC ALGO_USDT | +0.0089% | 8h | 0.1112 | −0.044% | $22.8M | $3.0M | 200x | as long as short |
| Binance ALGOUSDT | +0.0089% | 8h | 0.1113 | −0.026% | $9.8M | $33.9M | 75x | as long as short |
Kraken Futures PF_ALGOUSD
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Bybit ALGOUSDT
Extended ALGO-USD
MEXC ALGO_USDT
Binance ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ALGO | +0.0100% | 1h | 0.1114 | +0.136% | $3.7M | $1.8M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1113 | +0.022% | $44K | $38K | 5x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1112 | −0.062% | $2.9M | $7.4M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1112 | −0.062% | $874K | $815K | 50x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1113 | +0.001% | $3.6M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDTshort | +0.0100% | 8h | 0.1112 | −0.071% | $5.6M | $3.5M | 75x | |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1112 | −0.044% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1113 | −0.008% | $66K | $105K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0101% | 8h | 0.1116 | +0.289% | $3.8M | $1.7M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0207% | 8h | 0.1112 | −0.080% | $489K | $764K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0341% / S −0.0351% | 1h | 0.1113 | +0.036% | $7K | — | 100x | as long as short |
| dYdX ALGO-USDlong | +0.1314% | 1h | 0.1113 | long leg | $159K | $3K | 5x |
Hyperliquid ALGO
Aster ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
KuCoin ALGOUSDTM
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]