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 BingX+0.018%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$540.543% of the position
Funding, last 7 days+0.175%+$18 on $10k
+Price spread, last 4 days (all we have)+0.071%+$7 · spread now +0.018%, 7d avg +0.009%
=The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ALGO-USDT | 0.1101 | 0.0100 | pay 0.0100% / 8h | 2h 18m | — | $3.3M | — |
| Short | BloFin ALGO-USDT | 0.1101 | 0.0220 | get 0.0220% / 8h | 2h 18m | $469K | $873K | 75x |
BingX ALGO-USDT
BloFin ALGO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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: +0.018% → +0.009%
- $0.95
- Slippage, 4 orders
- −$32.34
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$28.19
- Costs to cover
- 0.543%
- Break-even
- 14.8 days
Slippage from BingX: live order book, 1 min ago; BloFin: live order book, 8 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 BingX live order book, 1 min ago | 0.46 bp | 19.8 bp −$20 | 40.1 bp −$401 | 318.2 bp −$31.8K | 691.6 bp −$345.8K |
| Sell BloFin live order book, 8 min ago | 2.76 bp | 11.4 bp −$11 | 22.4 bp −$224 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1101 | +0.062% | $16K | — | 150x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | 0.0000% | 1h | 0.1102 | +0.073% | $87K | $44K | 25x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.744% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1102 | +0.082% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1101 | +0.021% | $44K | $37K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1101 | +0.007% | $9.4M | $34.6M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1100 | −0.082% | $11.0M | $12.6M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1101 | −0.009% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1101 | −0.009% | $840K | $929K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1100 | −0.064% | $22.8M | $3.2M | 200x | as long as short |
gTrade (Gains Network) ALGO/USD
Deribit ALGO_USDC-PERPETUAL
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance 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 | 0.1100 | −0.027% | $3.4M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1101 | +0.018% | $5.4M | $3.5M | 75x | as long as short |
| BingX ALGO-USDTlong | +0.0100% | 8h | 0.1101 | long leg | — | $3.3M | — | |
| Variational Omni ALGO | +0.0100% | 8h | 0.1094 | −0.585% | $60K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1101 | +0.055% | $59K | $135K | 75x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1101 | −0.021% | $7K | $196K | 10x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0112% | 1h | 0.1101 | +0.040% | $818K | $1.1M | 50x | as long as short |
| Phemex ALGOUSDT | +0.0133% | 8h | 0.1102 | +0.109% | $3.7M | $1.8M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0144% | 1h | 0.1102 | +0.136% | $62K | $247K | 50x | as long as short |
| BloFin ALGO-USDTshort | +0.0220% | 8h | 0.1101 | +0.018% | $469K | $873K | 75x | |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0318% / S −0.0264% | 1h | 0.1102 | +0.109% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1469% | 1h | 0.1100 | −0.072% | $159K | $5K | 5x | as long as short |
KuCoin ALGOUSDTM
Bitget ALGOUSDT
Variational Omni ALGO
HTX ALGO-USDT
Extended ALGO-USD
Kraken Futures PF_ALGOUSD
Phemex ALGOUSDT
Coinbase International ALGO-PERP-INTX
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD