Funding you earn now, next payment 01:00 UTC−0.1366%/8h= −149.6% APRpaid last 24h −0.546%
Price spread now: Phemex against dYdX+0.013%7-day average +0.111% · you sell dearer than you buy
Net, funding: paid 7d − costs−$366as in the Funding arb table
Net, price: spread back to 7d avg − costs−$233as in the Price arb table
costs, in and out, $10k−$2232.230% of the position
Funding, last 7 days−1.429%−$143 on $10k
+Price spread, last 3 days (all we have)+0.206%+$21 · spread now +0.013%, 7d avg +0.111%
=Both sides work against this trade now: funding costs −$41 a day on $10k at the current rate, and Phemex is 0.098% cheaper against dYdX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.111%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX ALGO-USD | 0.1112 | 0.1479 | pay 0.0185% / 1h | 3m 02s | $159K | $3K | 5x |
| Short | Phemex ALGOUSDT | 0.1112 | 0.0113 | get 0.0113% / 8h | 7h 03m | $3.8M | $1.8M | 50x |
dYdX ALGO-USD
Phemex ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$286.96
- Price spread: +0.013% → +0.111%
- −$9.84
- Slippage, 4 orders
- −$201.04
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$519.83
- Costs to cover
- 2.230%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 6 min ago; Phemex: live order book, 6 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, 6 min ago | 20.42 bp | 109.0 bp −$109 | 140.1 bp −$1,401 | 162.8 bp −$16.3K | 956.8 bp −$478.4K |
| Sell Phemex live order book, 6 min ago | 4.46 bp | 28.6 bp −$29 | 71.3 bp −$713 | 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 | −0.0570% | 1h | 0.1110 | −0.128% | $825K | $1.1M | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0380% | 1h | 0.1111 | −0.113% | $101K | $49K | 25x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0104% | 1h | 0.1114 | +0.175% | $87K | $273K | 50x | as long as short |
| Variational Omni ALGO | −0.0065% | 8h | 0.1113 | +0.143% | $61K | $12K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1112 | −0.027% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.733% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1111 | −0.095% | $3.6M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1112 | +0.004% | $44K | $38K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1110 | −0.140% | $9.9M | $34.6M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1110 | −0.176% | $11.3M | $12.0M | 75x | as long as short |
Kraken Futures PF_ALGOUSD
Deribit ALGO_USDC-PERPETUAL
Coinbase International ALGO-PERP-INTX
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1110 | −0.122% | $2.9M | $7.5M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1110 | −0.203% | $871K | $829K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1110 | −0.185% | $22.8M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1111 | −0.095% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1110 | −0.167% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1110 | −0.131% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1114 | +0.166% | $61K | $142K | 75x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1110 | −0.163% | $8K | $233K | 10x | as long as short |
| Phemex ALGOUSDTshort | +0.0113% | 8h | 0.1112 | +0.013% | $3.8M | $1.8M | 50x | |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1111 | −0.077% | $493K | $766K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0341% / S −0.0313% | 1h | 0.1111 | −0.093% | $7K | — | 100x | as long as short |
| dYdX ALGO-USDlong | +0.1479% | 1h | 0.1112 | long leg | $159K | $3K | 5x |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]