Funding you earn now, next payment 00:00 UTC−0.0190%/8h= −20.8% APRpaid last 24h −0.039%
Price spread now: Coinbase International against Binance−0.059%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$520.517% of the position
Funding, last 7 days−0.337%−$34 on $10k
+Price spread, last 3 days (all we have)+0.027%+$3 · spread now −0.059%, 7d avg −0.058%
=The price spread sits at its 7-day average of −0.058%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ALGOUSDT | 0.1114 | 0.0086 | pay 0.0086% / 8h | 7h 39m | $9.9M | $34.0M | 75x |
| Short | Coinbase International ALGO-PERP-INTX | 0.1114 | −0.0104 | pay 0.0013% / 1h | 39m 47s | $67K | $275K | 50x |
Binance ALGOUSDT
Coinbase International ALGO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$39.85
- Price spread: −0.059% → −0.058%
- −$0.06
- Slippage, 4 orders
- −$31.73
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$91.64
- Costs to cover
- 0.517%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; Coinbase International: live order book, 33 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, 2 min ago | 0.45 bp | 11.5 bp −$12 | 27.9 bp −$279 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 33 min ago | 8.46 bp | 14.3 bp −$14 | 22.9 bp −$229 | 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_ALGOUSD | −0.0568% | 1h | 0.1115 | +0.059% | $830K | $1.1M | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0288% | 1h | 0.1114 | −0.059% | $101K | $50K | 25x | as long as short |
| Variational Omni ALGO | −0.0134% | 8h | 0.1113 | −0.097% | $61K | $11K | — | as long as short |
| Coinbase International ALGO-PERP-INTXshort | −0.0104% | 1h | 0.1114 | −0.059% | $67K | $275K | 50x | |
| Bybit ALGOUSDT | −0.0075% | 8h | 0.1114 | −0.023% | $11.2M | $11.8M | 75x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1114 | −0.007% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.507% | $834 | $233K | 12x | as long as short |
| MEXC ALGO_USDT | +0.0085% | 8h | 0.1114 | −0.050% | $22.8M | $2.9M | 200x | as long as short |
| Binance ALGOUSDTlong | +0.0086% | 8h | 0.1114 | long leg | $9.9M | $34.0M | 75x | |
| Extended ALGO-USD | +0.0088% | 1h | 0.1113 | −0.082% | $5K | $260K | 10x | as long as short |
Kraken Futures PF_ALGOUSD
Deribit ALGO_USDC-PERPETUAL
Variational Omni ALGO
Bybit ALGOUSDT
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
MEXC ALGO_USDT
Extended ALGO-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ALGO | +0.0100% | 1h | 0.1116 | +0.148% | $3.7M | $1.8M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1114 | +0.011% | $44K | $38K | 5x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1115 | +0.058% | $2.9M | $7.4M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1113 | −0.122% | $875K | $813K | 50x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1114 | −0.059% | $3.6M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1115 | +0.058% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1114 | +0.004% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1114 | −0.041% | $66K | $104K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0162% | 8h | 0.1116 | +0.148% | $3.8M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0206% | 8h | 0.1115 | +0.058% | $490K | $768K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0341% / S −0.0351% | 1h | 0.1114 | −0.014% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1012% | 1h | 0.1114 | −0.022% | $160K | $3K | 5x | as long as short |
Hyperliquid ALGO
Aster ALGOUSDT
OKX ALGO-USDT-SWAP
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