Funding you earn now, next payment 01:00 UTC+0.0666%/8h= +72.9% APRpaid last 24h +0.035%
Price spread now: HTX against Kraken Futures+0.067%7-day average −0.114% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1471.472% of the position
Funding, last 7 days+0.424%+$42 on $10k
+Price spread, last 3 days (all we have)−0.318%−$32 · spread now +0.067%, 7d avg −0.114%
=Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and HTX is 0.181% dearer against Kraken Futures than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.114%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.424% in total (about 22.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ALGOUSD | 0.1120 | −0.0566 | get 0.0071% / 1h | 21m 51s | $832K | $1.1M | 50x |
| Short | HTX ALGO-USDT | 0.1120 | 0.0100 | get 0.0100% / 8h | 7h 21m | $68K | $110K | 75x |
Kraken Futures PF_ALGOUSD
HTX ALGO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $139.78
- Price spread: +0.067% → −0.114%
- $18.11
- Slippage, 4 orders
- −$125.2
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- $10.69
- Costs to cover
- 1.472%
- Break-even
- 6.5 days
Slippage from Kraken Futures: live order book, 2 min ago; HTX: live order book, 49 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 Kraken Futures live order book, 2 min ago | 11.58 bp | 19.9 bp −$20 | 31.6 bp −$316 | doesn't fit | doesn't fit |
| Sell HTX live order book, 49 min ago | 11.56 bp | 47.7 bp −$48 | doesn't fit | 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_ALGOUSDlong | −0.0566% | 1h | 0.1120 | long leg | $832K | $1.1M | 50x | |
| Deribit ALGO_USDC-PERPETUAL | −0.0464% | 1h | 0.1119 | −0.040% | $101K | $50K | 25x | as long as short |
| Variational Omni ALGO | −0.0108% | 8h | 0.1115 | −0.391% | $61K | $11K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0104% | 1h | 0.1117 | −0.245% | $70K | $258K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1121 | +0.082% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.023% | $834 | $233K | 12x | as long as short |
| Extended ALGO-USD | +0.0096% | 1h | 0.1119 | −0.081% | $4K | $228K | 10x | as long as short |
| MEXC ALGO_USDT | +0.0097% | 8h | 0.1119 | −0.093% | $23.0M | $3.0M | 200x | as long as short |
| Binance ALGOUSDT | +0.0098% | 8h | 0.1118 | −0.125% | $10.0M | $34.5M | 75x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1121 | +0.128% | $3.7M | $1.8M | 5x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Extended ALGO-USD
MEXC ALGO_USDT
Binance ALGOUSDT
Hyperliquid ALGOShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ALGOUSDT | +0.0100% | 8h | 0.1120 | +0.003% | $44K | $38K | 5x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.183% | $11.3M | $11.8M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1117 | −0.210% | $2.9M | $7.5M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1120 | +0.014% | $878K | $822K | 50x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1120 | +0.014% | $3.6M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.156% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1118 | −0.174% | — | $3.3M | — | as long as short |
| HTX ALGO-USDTshort | +0.0100% | 8h | 0.1120 | +0.067% | $68K | $110K | 75x | |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1121 | +0.112% | $3.8M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0218% | 8h | 0.1121 | +0.121% | $494K | $771K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0342% / S −0.0351% | 1h | 0.1120 | +0.038% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1196% | 1h | 0.1122 | +0.202% | $161K | $3K | 5x | as long as short |
Aster ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Phemex ALGOUSDT
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD