Funding you earn now, next payment 06:00 UTC−0.1742%/8h= −190.7% APRpaid last 24h −0.560%
Price spread now: Bybit against dYdX−0.133%7-day average −0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$410as in the Funding arb table
Net, price: spread back to 7d avg − costs−$251as in the Price arb table
costs, in and out, $10k−$2462.461% of the position
Funding, last 7 days−1.641%−$164 on $10k
+Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.133%, 7d avg −0.085%
=Both sides work against this trade now: funding costs −$52 a day on $10k at the current rate, and Bybit is 0.048% cheaper against dYdX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.085%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX ALGO-USD | 0.1092 | 0.1842 | pay 0.0230% / 1h | 29m 18s | $157K | $5K | 5x |
| Short | Bybit ALGOUSDT | 0.1091 | 0.0100 | get 0.0100% / 8h | 2h 29m | $10.9M | $12.7M | 75x |
dYdX ALGO-USD
Bybit ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$365.81
- Price spread: −0.133% → −0.085%
- −$4.77
- Slippage, 4 orders
- −$225.12
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$616.7
- Costs to cover
- 2.461%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 20 min ago; Bybit: live order book, 4 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, 20 min ago | 92.80 bp | 97.8 bp −$98 | 97.8 bp −$978 | 106.5 bp −$10.6K | 912.9 bp −$456.4K |
| Sell Bybit live order book, 4 min ago | 1.38 bp | 18.8 bp −$19 | 53.9 bp −$539 | 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 | −0.0391% | 1h | 0.1091 | −0.069% | $86K | $44K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1092 | +0.026% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +2.559% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1092 | +0.023% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1091 | −0.050% | $43K | $37K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1091 | −0.119% | $9.3M | $34.9M | 75x | as long as short |
| Bybit ALGOUSDTshort | +0.0100% | 8h | 0.1091 | −0.133% | $10.9M | $12.7M | 75x | |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1090 | −0.142% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1091 | −0.087% | $835K | $926K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1091 | −0.069% | $22.6M | $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
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 | 0.1091 | −0.078% | $3.4M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1091 | −0.096% | $5.4M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1091 | −0.069% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1090 | −0.217% | $60K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1091 | −0.078% | $59K | $135K | 75x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1091 | −0.140% | $7K | $196K | 10x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0113% | 1h | 0.1092 | −0.025% | $820K | $1.1M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0144% | 1h | 0.1093 | +0.069% | $62K | $289K | 50x | as long as short |
| Phemex ALGOUSDT | +0.0153% | 8h | 0.1094 | +0.179% | $3.7M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1092 | −0.023% | $472K | $867K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0317% / S −0.0264% | 1h | 0.1092 | +0.017% | $6K | — | 100x | as long as short |
| dYdX ALGO-USDlong | +0.1842% | 1h | 0.1092 | long leg | $157K | $5K | 5x |
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Extended ALGO-USD
Kraken Futures PF_ALGOUSD
Coinbase International ALGO-PERP-INTX
Phemex ALGOUSDT
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]