Funding you earn now, next payment 04:00 UTC−0.0453%/8h= −49.6% APRpaid last 24h −0.103%
Price spread now: Binance against Kraken Futures−0.094%7-day average −0.134% · you buy dearer than you sell
Net, funding: paid 7d − costs−$207as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1591.587% of the position
Funding, last 7 days−0.481%−$48 on $10k
+Price spread, last 4 days (all we have)−0.189%−$19 · spread now −0.094%, 7d avg −0.134%
=The price spread pays, funding is against you. Binance is 0.039% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.094% now, against its 7-day average of −0.134%): +$4 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 7 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_DYDXUSD | 0.1376 | 0.0553 | pay 0.0069% / 1h | 16m 54s | $310K | $352K | 20x |
| Short | Binance DYDXUSDT | 0.1375 | 0.0100 | get 0.0100% / 8h | 4h 16m | $5.3M | $8.3M | 75x |
Kraken Futures PF_DYDXUSD
Binance DYDXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$95.13
- Price spread: −0.094% → −0.134%
- $3.93
- Slippage, 4 orders
- −$138.68
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$249.88
- Costs to cover
- 1.587%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 41 min ago; Binance: live order book, 7 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, 41 min ago | 10.23 bp | 95.4 bp −$95 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 3.63 bp | 20.9 bp −$21 | 85.1 bp −$851 | 508.1 bp −$50.8K | doesn't fit |
DYDX on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective DYDX/USDC PERP | −0.0539% | 1h | 0.1371 | −0.385% | $6K | $52K | 12x | as long as short |
| Lighter DYDX | +0.0096% | 1h | 0.1375 | −0.087% | $61K | $49K | 5x | as long as short |
| Hyperliquid DYDX | +0.0100% | 1h | 0.1376 | +0.008% | $2.1M | $722K | 5x | as long as short |
| Aster DYDXUSDT | +0.0100% | 8h | 0.1375 | −0.078% | $5K | $11K | 5x | as long as short |
| Binance DYDXUSDTshort | +0.0100% | 8h | 0.1375 | −0.094% | $5.3M | $8.3M | 75x | |
| Bybit DYDXUSDT | +0.0100% | 8h | 0.1372 | −0.290% | $4.6M | $2.5M | 75x | as long as short |
| OKX DYDX-USDT-SWAP | +0.0100% | 8h | 0.1374 | −0.181% | $2.1M | $3.3M | 20x | as long as short |
| Gate DYDX_USDT | +0.0100% | 8h | 0.1374 | −0.167% | $388K | $476K | 75x | as long as short |
| MEXC DYDX_USDT | +0.0100% | 8h | 0.1374 | −0.167% | $3.0M | $810K | 125x | as long as short |
| KuCoin DYDXUSDTM | +0.0100% | 8h | 0.1376 | −0.022% | $2.3M | $3.7M | 50x | as long as short |
Injective DYDX/USDC PERP
Lighter DYDX
Hyperliquid DYDX
Aster DYDXUSDT
Bybit DYDXUSDT
OKX DYDX-USDT-SWAP
Gate DYDX_USDT
MEXC DYDX_USDT
KuCoin DYDXUSDTMShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget DYDXUSDT | +0.0100% | 8h | 0.1375 | −0.094% | $1.4M | $1.1M | 10x | as long as short |
| BingX DYDX-USDT | +0.0100% | 8h | 0.1375 | −0.094% | — | $3.0M | — | as long as short |
| BloFin DYDX-USDT | +0.0103% | 8h | 0.1374 | −0.167% | $298K | $12K | 75x | as long as short |
| Extended DYDX-USD | +0.0104% | 1h | 0.1375 | −0.122% | $1K | $110K | 10x | as long as short |
| Aevo DYDX-PERP | +0.0104% | 1h | 0.1375 | −0.094% | $50K | — | 3x | as long as short |
| Arcus DYDX-USD | +0.0162% | 1h | 0.1376 | −0.022% | $53K | $20K | 5x | as long as short |
| GMX DYDX/USD [WBTC.b-USDC] | L +0.0187% / S −0.0526% | 1h | 0.1375 | −0.107% | $932 | — | 100x | as long as short |
| Deribit DYDX_USDC-PERPETUAL | +0.0477% | 1h | 0.1376 | −0.022% | — | — | 25x | as long as short |
| Kraken Futures PF_DYDXUSDlong | +0.0553% | 1h | 0.1376 | long leg | $310K | $352K | 20x | |
| Coinbase International DYDX-PERP-INTX | +0.0856% | 1h | 0.1377 | +0.051% | $17K | $37K | 50x | as long as short |
| dYdX DYDX-USD | +0.2884% | 1h | 0.1372 | −0.332% | $78K | $2K | 5x | as long as short |
Bitget DYDXUSDT
BingX DYDX-USDT
BloFin DYDX-USDT
Extended DYDX-USD
Aevo DYDX-PERP
Arcus DYDX-USD
GMX DYDX/USD [WBTC.b-USDC]
Deribit DYDX_USDC-PERPETUAL
Coinbase International DYDX-PERP-INTX
dYdX DYDX-USD