Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against Binance+0.233%51s7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$440.436% of the position
Funding, last 7 days+0.252%+$25 on $10k
+Price spread, last 4 days (all we have)−0.130%−$13 · spread now +0.233%, 7d avg −0.021%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.254% dearer against Binance than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.021%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ALGOUSDT | 0.1116 | 0.0100 | pay 0.0100% / 8h | 3h 56m | $9.7M | $34.3M | 75x |
| Short | BloFin ALGO-USDT | 0.1118 | 0.0220 | get 0.0220% / 8h | 3h 56m | $480K | $882K | 75x |
Binance ALGOUSDT
BloFin ALGO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $25.2
- Price spread: +0.233% → −0.021%
- $25.42
- Slippage, 4 orders
- −$21.58
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $7.04
- Costs to cover
- 0.436%
- Break-even
- 5.0 days
Slippage from Binance: live order book, 15 min ago; BloFin: live order book, 40 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 Binance live order book, 15 min ago | 0.45 bp | 11.8 bp −$12 | 31.4 bp −$314 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 40 min ago | 0.46 bp | 8.8 bp −$9 | 25.6 bp −$256 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALGO_USDC-PERPETUAL | −0.0197% | 1h | 0.1118 | +0.188% | $89K | $44K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1116 | +0.003% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.376% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1117 | +0.072% | $3.6M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1116 | +0.005% | $44K | $38K | 5x | as long as short |
| Binance ALGOUSDTlong | +0.0100% | 8h | 0.1116 | long leg | $9.7M | $34.3M | 75x | |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1115 | −0.081% | $11.2M | $12.4M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1115 | −0.045% | $2.8M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1113 | −0.242% | $861K | $900K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1116 | +0.036% | $23.1M | $3.1M | 200x | as long as short |
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1116 | +0.009% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1116 | +0.018% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1115 | −0.036% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1121 | +0.439% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1118 | +0.233% | $60K | $136K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1121 | +0.466% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1115 | −0.088% | $4K | $231K | 10x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0130% | 1h | 0.1119 | +0.270% | $831K | $1.0M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0168% | 1h | 0.1119 | +0.278% | $88K | $285K | 50x | as long as short |
| BloFin ALGO-USDTshort | +0.0220% | 8h | 0.1118 | +0.233% | $480K | $882K | 75x | |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0319% / S −0.0264% | 1h | 0.1115 | −0.027% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1162% | 1h | 0.1116 | +0.009% | $161K | $4K | 5x | as long as short |
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
Kraken Futures PF_ALGOUSD
Coinbase International ALGO-PERP-INTX
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD