ALGO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0162%/8h= +17.7% APRnext payment +$0.20 per $10,000 · paid last 24h −0.064%

Price spread now: Deribit against Kraken Futures−0.028%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.774%−$77 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Deribit is 0.028% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.028% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 14 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.774%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ALGOUSD	0.1101	−0.0275	get 0.0034% / 1h	44m 22s	$818K	$1.1M	50x
Short	Deribit ALGO_USDC-PERPETUAL	0.1100	−0.0113	pay 0.0014% / 1h	44m 22s	$87K	$45K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee DeribitbpOrdersPrice spread, now −0.028%Rate

Funding earned: $33.97
Price spread: −0.028% → 0.000%: −$2.77
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $14.2
Costs to cover: 0.170%
Break-even: 4.1 days

Slippage unknown: Kraken Futures: live order book, 4 min ago; Deribit: no order-book sample. Net counts fees only.

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 Kraken Futures live order book, 4 min ago	7.73 bp	21.0 bp −$21	43.4 bp −$434	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_ALGOUSDlong	−0.0275%	1h	0.1101	long leg	$818K	$1.1M	50x
Deribit ALGO_USDC-PERPETUALshort	−0.0113%	1h	0.1100	−0.028%	$87K	$45K	25x
gTrade (Gains Network) ALGO/USD	L −0.0001% / S +0.0003%	1h	0.1102	+0.093%	$16K	—	150x	as long as short
Injective ALGO/USDC PERP	+0.0033%	1h	0.1120	+1.753%	$834	$233K	12x	as long as short
Hyperliquid ALGO	+0.0100%	1h	0.1102	+0.118%	$3.3M	$2.3M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	0.1101	−0.012%	$44K	$36K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	0.1101	+0.020%	$9.4M	$34.5M	75x	as long as short
Bybit ALGOUSDT	+0.0100%	8h	0.1099	−0.155%	$10.9M	$12.7M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1100	−0.100%	$2.7M	$7.8M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	0.1100	−0.073%	$831K	$943K	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ALGO_USDT	+0.0100%	8h	0.1101	+0.009%	$23.0M	$3.2M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	0.1102	+0.081%	$3.5M	$1.4M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1100	−0.064%	$5.4M	$3.5M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1101	+0.054%	—	$3.4M	—	as long as short
Variational Omni ALGO	+0.0100%	8h	0.1096	−0.390%	$60K	$12K	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1099	−0.200%	$59K	$135K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	0.1103	+0.209%	$3.7M	$1.8M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	0.1100	−0.062%	$4K	$198K	10x	as long as short
Coinbase International ALGO-PERP-INTX	+0.0136%	1h	0.1106	+0.490%	$62K	$248K	50x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	0.1099	−0.200%	$469K	$866K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0318% / S −0.0264%	1h	0.1101	+0.051%	$6K	—	100x	as long as short
dYdX ALGO-USD	+0.0842%	1h	0.1101	+0.050%	$159K	$5K	5x	as long as short