Funding you earn now, next payment 00:00 UTC−0.0472%/8h= −51.7% APRpaid last 24h −0.130%
Price spread now: Deribit against BingX+0.089%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$179as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$580.577% of the position
Funding, last 7 days−1.211%−$121 on $10k
+Price spread, last 3 days (all we have)+0.016%+$2 · spread now +0.089%, 7d avg +0.015%
=The price spread pays, funding is against you. Deribit is 0.074% dearer against BingX than usual: you sell high and buy low (spread +0.089% now, against its 7-day average of +0.015%): +$7 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 13 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ALGO-USDT | 0.1123 | 0.0100 | pay 0.0100% / 8h | 4m 03s | — | $3.3M | — |
| Short | Deribit ALGO_USDC-PERPETUAL | 0.1124 | −0.0372 | pay 0.0046% / 1h | 4m 03s | $102K | $50K | 25x |
BingX ALGO-USDT
Deribit ALGO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$99.12
- Price spread: +0.089% → +0.015%
- $7.39
- Slippage, 4 orders
- −$40.68
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$149.4
- Costs to cover
- 0.577%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; Deribit: live order book, 9 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, 5 min ago | 4.45 bp | 15.7 bp −$16 | 28.5 bp −$285 | 279.7 bp −$28.0K | 702.3 bp −$351.2K |
| Sell Deribit live order book, 9 min ago | 4.90 bp | 10.2 bp −$10 | 19.8 bp −$198 | 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 | −0.0372% | 1h | 0.1124 | +0.089% | $102K | $50K | 25x | |
| Kraken Futures PF_ALGOUSD | −0.0157% | 1h | 0.1124 | +0.124% | $836K | $1.1M | 50x | as long as short |
| Bybit ALGOUSDT | −0.0149% | 8h | 0.1123 | −0.018% | $11.3M | $12.0M | 75x | as long as short |
| Variational Omni ALGO | −0.0132% | 8h | 0.1120 | −0.232% | $62K | $12K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0112% | 1h | 0.1124 | +0.107% | $62K | $299K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1124 | +0.125% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0026% | 1h | 0.1120 | −0.276% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1125 | +0.205% | $3.8M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1124 | +0.054% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1124 | +0.054% | $10.0M | $34.2M | 75x | as long as short |
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDT
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
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 | 0.1123 | 0.000% | $3.0M | $7.6M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1124 | +0.045% | $883K | $837K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1124 | +0.071% | $23.1M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1124 | +0.080% | $3.6M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1124 | +0.080% | $5.7M | $3.5M | 75x | as long as short |
| BingX ALGO-USDTlong | +0.0100% | 8h | 0.1123 | long leg | — | $3.3M | — | |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1123 | 0.000% | $66K | $107K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1125 | +0.169% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1123 | +0.034% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1122 | −0.134% | $491K | $793K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0333% / S −0.0334% | 1h | 0.1125 | +0.127% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1325% | 1h | 0.1123 | +0.011% | $161K | $3K | 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