Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.025%
Price spread now: Bybit against Binance−0.037%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$530.530% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 7 days−0.054%−$5 · spread now −0.037%, 7d avg −0.061%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.024% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.061%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ALGOUSDT | 0.1129 | 0.0100 | pay 0.0100% / 8h | 5h 15m | $9.9M | $34.6M | 75x |
| Short | Bybit ALGOUSDT | 0.1128 | 0.0100 | get 0.0100% / 8h | 5h 15m | $11.8M | $12.5M | 75x |
Binance ALGOUSDT
Bybit ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: −0.037% → −0.061%
- $2.38
- Slippage, 4 orders
- −$32.01
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$50.63
- Costs to cover
- 0.530%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; Bybit: 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 Binance live order book, 11 min ago | 1.77 bp | 12.8 bp −$13 | 30.0 bp −$300 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.33 bp | 15.2 bp −$15 | 37.4 bp −$374 | 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 | −0.0990% | 1h | 0.1127 | −0.125% | $90K | $45K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1129 | 0.000% | $17K | — | 150x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0032% | 1h | 0.1131 | +0.247% | $70K | $275K | 50x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | −0.763% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1131 | +0.176% | $3.8M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1128 | −0.028% | $45K | $40K | 5x | as long as short |
| Binance ALGOUSDTlong | +0.0100% | 8h | 0.1129 | long leg | $9.9M | $34.6M | 75x | |
| Bybit ALGOUSDTshort | +0.0100% | 8h | 0.1128 | −0.037% | $11.8M | $12.5M | 75x | |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1128 | −0.063% | $2.9M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1128 | −0.019% | $875K | $899K | 50x | as long as short |
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Coinbase International ALGO-PERP-INTX
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1129 | −0.001% | $23.1M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1129 | +0.016% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1129 | +0.034% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1128 | −0.063% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1129 | +0.041% | $62K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1128 | −0.028% | $60K | $140K | 75x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1128 | −0.063% | $4K | $227K | 10x | as long as short |
| Phemex ALGOUSDT | +0.0112% | 8h | 0.1131 | +0.211% | $3.8M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1129 | +0.025% | $495K | $919K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0344% / S −0.0313% | 1h | 0.1128 | −0.027% | $7K | — | 100x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0350% | 1h | 0.1129 | +0.047% | $835K | $1.0M | 50x | as long as short |
| dYdX ALGO-USD | +0.2046% | 1h | 0.1128 | −0.048% | $163K | $4K | 5x | as long as short |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Extended ALGO-USD
Phemex ALGOUSDT
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
Kraken Futures PF_ALGOUSD
dYdX ALGO-USD