Funding you earn now, next payment 01:00 UTC−0.0665%/8h= −72.9% APRpaid last 24h −0.035%
Price spread now: Kraken Futures against OKX−0.006%7-day average +0.134% · you buy dearer than you sell
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$790.793% of the position
Funding, last 7 days−0.291%−$29 on $10k
+Price spread, last 3 days (all we have)+0.176%+$18 · spread now −0.006%, 7d avg +0.134%
=Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Kraken Futures is 0.140% cheaper against OKX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.134%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.291% in total (about -15.2% 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 | OKX ALGO-USDT-SWAP | 0.1120 | 0.0100 | pay 0.0100% / 8h | 7h 25m | $2.9M | $7.5M | 50x |
| Short | Kraken Futures PF_ALGOUSD | 0.1120 | −0.0565 | pay 0.0071% / 1h | 25m 03s | $831K | $1.1M | 50x |
OKX ALGO-USDT-SWAP
Kraken Futures PF_ALGOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- −$139.71
- Price spread: −0.006% → +0.134%
- −$13.98
- Slippage, 4 orders
- −$59.34
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$233.03
- Costs to cover
- 0.793%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Kraken Futures: live order book, 3 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 OKX live order book, 3 min ago | 0.89 bp | 14.9 bp −$15 | 66.4 bp −$664 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 7.59 bp | 23.0 bp −$23 | 47.3 bp −$473 | 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_ALGOUSDshort | −0.0565% | 1h | 0.1120 | −0.006% | $831K | $1.1M | 50x | |
| Variational Omni ALGO | −0.0108% | 8h | 0.1115 | −0.449% | $61K | $11K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0104% | 1h | 0.1117 | −0.303% | $70K | $258K | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0018% | 1h | 0.1120 | −0.062% | $101K | $50K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1119 | −0.110% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | −0.036% | $834 | $233K | 12x | as long as short |
| MEXC ALGO_USDT | +0.0095% | 8h | 0.1121 | +0.018% | $23.0M | $3.0M | 200x | as long as short |
| Extended ALGO-USD | +0.0096% | 1h | 0.1119 | −0.107% | $4K | $228K | 10x | as long as short |
| Binance ALGOUSDT | +0.0096% | 8h | 0.1121 | +0.085% | $9.9M | $34.4M | 75x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1123 | +0.196% | $3.7M | $1.8M | 5x | as long as short |
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
MEXC ALGO_USDT
Extended ALGO-USD
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 | 0.1119 | −0.129% | $44K | $38K | 5x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1120 | −0.054% | $11.3M | $11.8M | 75x | as long as short |
| OKX ALGO-USDT-SWAPlong | +0.0100% | 8h | 0.1120 | long leg | $2.9M | $7.5M | 50x | |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1120 | +0.009% | $880K | $821K | 50x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1121 | +0.027% | $3.6M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1121 | +0.054% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1120 | −0.009% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1118 | −0.214% | $68K | $110K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1123 | +0.232% | $3.8M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0216% | 8h | 0.1119 | −0.161% | $493K | $770K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0341% / S −0.0351% | 1h | 0.1120 | −0.065% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1294% | 1h | 0.1119 | −0.101% | $160K | $3K | 5x | as long as short |
Aster ALGOUSDT
Bybit ALGOUSDT
Gate ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD