Funding you earn now, next payment 05:00 UTC−0.1053%/8h= −115.3% APRnext payment −$1.32 per $10,000 · paid last 24h −0.589%
Price spread now: Kraken Futures against dYdX+0.035%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$334as in the Funding arb table
Net, price: spread back to 7d avg − costs−$145as in the Price arb table
costs, in and out, $10k−$1441.443% of the position
Funding, last 7 days−1.901%−$190 on $10k
+Price spread, last 4 days (all we have)+0.168%+$17 · spread now +0.035%, 7d avg +0.040%
=The price spread sits at its 7-day average of +0.040%, so right now this pair is about funding alone: −$32 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX ALGO-USD | 0.1115 | 0.1184 | pay 0.0148% / 1h | 17m 28s | $161K | $4K | 5x |
| Short | Kraken Futures PF_ALGOUSD | 0.1115 | 0.0131 | get 0.0016% / 1h | 17m 28s | $842K | $1.1M | 50x |
dYdX ALGO-USD
Kraken Futures PF_ALGOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$221.22
- Price spread: +0.035% → +0.040%
- −$0.46
- Slippage, 4 orders
- −$124.34
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$366.01
- Costs to cover
- 1.443%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 37 min ago; Kraken Futures: live order book, 1 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, 37 min ago | 37.92 bp | 49.4 bp −$49 | 132.4 bp −$1,324 | 176.6 bp −$17.7K | 1368.3 bp −$684.2K |
| Sell Kraken Futures live order book, 1 min ago | 8.52 bp | 19.2 bp −$19 | 42.5 bp −$425 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1115 | −0.008% | $16K | — | 150x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | 0.0000% | 1h | 0.1114 | −0.054% | $88K | $45K | 25x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.467% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1116 | +0.108% | $3.6M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1115 | +0.013% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1114 | −0.049% | $9.7M | $34.5M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1114 | −0.108% | $11.2M | $12.5M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1113 | −0.126% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1113 | −0.161% | $858K | $907K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1115 | −0.018% | $23.2M | $3.1M | 200x | as long as short |
gTrade (Gains Network) ALGO/USD
Deribit ALGO_USDC-PERPETUAL
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 | 0.1115 | −0.009% | $3.5M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1115 | +0.018% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1114 | −0.054% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1110 | −0.417% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1114 | −0.108% | $60K | $135K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1114 | −0.072% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1115 | −0.015% | $4K | $219K | 10x | as long as short |
| Kraken Futures PF_ALGOUSDshort | +0.0131% | 1h | 0.1115 | +0.035% | $842K | $1.1M | 50x | |
| Coinbase International ALGO-PERP-INTX | +0.0168% | 1h | 0.1112 | −0.278% | $64K | $304K | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1112 | −0.278% | $483K | $875K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0319% / S −0.0264% | 1h | 0.1114 | −0.046% | $6K | — | 100x | as long as short |
| dYdX ALGO-USDlong | +0.1184% | 1h | 0.1115 | long leg | $161K | $4K | 5x |
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]