Funding you earn now, next payment 11:00 UTC+0.0413%/8h= +45.2% APRpaid last 24h +0.082%
Price spread now: MEXC against Kraken Futures−0.060%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$550.548% of the position
Funding, last 7 days+0.288%+$29 on $10k
+Price spread, last 4 days (all we have)−0.161%−$16 · spread now −0.060%, 7d avg −0.053%
=The price spread sits at its 7-day average of −0.053%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.288% in total (about 15.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ALGOUSD | 0.1097 | −0.0313 | get 0.0039% / 1h | 45m 18s | $806K | $1.1M | 50x |
| Short | MEXC ALGO_USDT | 0.1097 | 0.0100 | get 0.0100% / 8h | 5h 45m | $23.5M | $3.2M | 200x |
Kraken Futures PF_ALGOUSD
MEXC ALGO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $86.73
- Price spread: −0.060% → −0.053%
- −$0.75
- Slippage, 4 orders
- −$44.82
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $31.16
- Costs to cover
- 0.548%
- Break-even
- 4.5 days
Slippage from Kraken Futures: live order book, 1 min ago; MEXC: 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 Kraken Futures live order book, 1 min ago | 7.28 bp | 22.2 bp −$22 | 42.2 bp −$422 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.91 bp | 7.0 bp −$7 | 64.2 bp −$642 | 499.0 bp −$49.9K | doesn't fit |
ALGO on 22 exchanges
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 | −0.0388% | 1h | 0.1097 | −0.051% | $86K | $41K | 25x | as long as short |
| Bybit ALGOUSDT | −0.0316% | 8h | 0.1096 | −0.124% | $10.6M | $13.3M | 75x | as long as short |
| Kraken Futures PF_ALGOUSDlong | −0.0313% | 1h | 0.1097 | long leg | $806K | $1.1M | 50x | |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1098 | +0.044% | $16K | — | 150x | as long as short |
| Variational Omni ALGO | +0.0011% | 8h | 0.1097 | +0.010% | $59K | $13K | — | as long as short |
| OKX ALGO-USDT-SWAP | +0.0024% | 8h | 0.1096 | −0.069% | $2.6M | $7.8M | 50x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +2.072% | $834 | $233K | 12x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0088% | 1h | 0.1105 | +0.742% | $63K | $176K | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1098 | +0.076% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1098 | +0.082% | $44K | $37K | 5x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Bybit ALGOUSDT
gTrade (Gains Network) ALGO/USD
Variational Omni ALGO
OKX ALGO-USDT-SWAP
Injective ALGO/USDC PERP
Coinbase International ALGO-PERP-INTX
Hyperliquid ALGO
Aster ALGOUSDTShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ALGOUSDT | +0.0100% | 8h | 0.1097 | −0.060% | $9.2M | $33.7M | 75x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1096 | −0.079% | $826K | $880K | 50x | as long as short |
| MEXC ALGO_USDTshort | +0.0100% | 8h | 0.1097 | −0.060% | $23.5M | $3.2M | 200x | |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1098 | +0.022% | $3.4M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1098 | +0.067% | $5.4M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1097 | −0.051% | — | $3.4M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1097 | −0.042% | $57K | $128K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1099 | +0.158% | $3.7M | $1.7M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1096 | −0.101% | $4K | $174K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1095 | −0.161% | $471K | $810K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0316% / S −0.0264% | 1h | 0.1097 | +0.003% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1617% | 1h | 0.1098 | +0.059% | $159K | $5K | 5x | as long as short |
Binance ALGOUSDT
Gate ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD