Funding you earn now, next payment 00:00 UTC−0.0470%/8h= −51.5% APRpaid last 24h −0.130%
Price spread now: Deribit against Binance+0.129%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$167as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$550.551% of the position
Funding, last 7 days−1.121%−$112 on $10k
+Price spread, last 3 days (all we have)−0.033%−$3 · spread now +0.129%, 7d avg −0.019%
=The price spread pays, funding is against you. Deribit is 0.148% dearer against Binance than usual: you sell high and buy low (spread +0.129% now, against its 7-day average of −0.019%): +$15 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 25 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ALGOUSDT | 0.1127 | 0.0100 | pay 0.0100% / 8h | 52m 36s | $9.9M | $34.8M | 75x |
| Short | Deribit ALGO_USDC-PERPETUAL | 0.1128 | −0.0370 | pay 0.0046% / 1h | 52m 36s | $102K | $50K | 25x |
Binance ALGOUSDT
Deribit ALGO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$98.7
- Price spread: +0.129% → −0.019%
- $14.84
- Slippage, 4 orders
- −$38.14
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$139
- Costs to cover
- 0.551%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Deribit: live order book, 26 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, 4 min ago | 0.89 bp | 12.1 bp −$12 | 29.7 bp −$297 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 26 min ago | 4.91 bp | 14.6 bp −$15 | 23.7 bp −$237 | 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-PERPETUALshort | −0.0370% | 1h | 0.1128 | +0.129% | $102K | $50K | 25x | |
| Kraken Futures PF_ALGOUSD | −0.0157% | 1h | 0.1128 | +0.141% | $839K | $1.2M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0112% | 1h | 0.1121 | −0.528% | $62K | $332K | 50x | as long as short |
| Bybit ALGOUSDT | −0.0098% | 8h | 0.1126 | −0.057% | $11.3M | $12.3M | 75x | as long as short |
| Variational Omni ALGO | −0.0082% | 8h | 0.1125 | −0.173% | $65K | $10K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1128 | +0.173% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0026% | 1h | 0.1120 | −0.581% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1129 | +0.218% | $3.8M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1127 | +0.050% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDTlong | +0.0100% | 8h | 0.1127 | long leg | $9.9M | $34.8M | 75x |
Kraken Futures PF_ALGOUSD
Coinbase International ALGO-PERP-INTX
Bybit ALGOUSDT
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1127 | +0.014% | $3.0M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1127 | +0.014% | $889K | $834K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1127 | +0.040% | $23.4M | $2.8M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1128 | +0.094% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1128 | +0.129% | $5.7M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1127 | +0.032% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1127 | +0.014% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1130 | +0.307% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1127 | +0.044% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1127 | +0.005% | $490K | $796K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0260% / S −0.0195% | 1h | 0.1128 | +0.166% | $5K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1635% | 1h | 0.1127 | +0.067% | $162K | $3K | 5x | as long as short |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD