Funding you earn now, next payment 22:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h −0.038%
Price spread now: Coinbase International against BingX−0.259%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$560.563% of the position
Funding, last 7 days−0.412%−$41 on $10k
+Price spread, last 3 days (all we have)+0.255%+$25 · spread now −0.259%, 7d avg −0.022%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Coinbase International is 0.237% cheaper against BingX than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.022%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ALGO-USDT | 0.1121 | 0.0100 | pay 0.0100% / 8h | 1h 43m | — | $3.3M | — |
| Short | Coinbase International ALGO-PERP-INTX | 0.1118 | −0.0056 | pay 0.0007% / 1h | 43m 32s | $62K | $331K | 50x |
BingX ALGO-USDT
Coinbase International ALGO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$32.76
- Price spread: −0.259% → −0.022%
- −$23.72
- Slippage, 4 orders
- −$36.34
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$112.82
- Costs to cover
- 0.563%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; Coinbase International: live order book, 39 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, 6 min ago | 3.58 bp | 13.2 bp −$13 | 28.7 bp −$287 | 259.4 bp −$25.9K | 703.2 bp −$351.6K |
| Sell Coinbase International live order book, 39 min ago | 4.89 bp | 18.4 bp −$18 | 27.3 bp −$273 | 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 | −0.0375% | 1h | 0.1120 | −0.062% | $101K | $50K | 25x | as long as short |
| Injective ALGO/USDC PERP | −0.0295% | 1h | 0.1117 | −0.321% | $832 | $202K | 12x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0287% | 1h | 0.1121 | +0.035% | $842K | $1.1M | 50x | as long as short |
| Bybit ALGOUSDT | −0.0105% | 8h | 0.1121 | +0.018% | $11.3M | $12.2M | 75x | as long as short |
| Variational Omni ALGO | −0.0090% | 8h | 0.1117 | −0.291% | $65K | $10K | — | as long as short |
| Coinbase International ALGO-PERP-INTXshort | −0.0056% | 1h | 0.1118 | −0.259% | $62K | $331K | 50x | |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1121 | +0.022% | $6K | — | 150x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1123 | +0.232% | $3.7M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1121 | +0.066% | $44K | $31K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1122 | +0.123% | $9.9M | $34.6M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Injective ALGO/USDC PERP
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDT
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Hyperliquid ALGO
Aster ALGOUSDT
Binance 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 | 0.1121 | 0.000% | $3.0M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1120 | −0.062% | $881K | $845K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1121 | +0.062% | $23.1M | $2.8M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1122 | +0.089% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1122 | +0.125% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDTlong | +0.0100% | 8h | 0.1121 | long leg | — | $3.3M | — | |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1120 | −0.080% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1122 | +0.125% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1121 | +0.063% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1118 | −0.259% | $490K | $793K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0237% / S −0.0158% | 1h | 0.1121 | −0.004% | $5K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1576% | 1h | 0.1121 | +0.025% | $161K | $5K | 5x | as long as short |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD