Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against BingX+0.313%7-day average +0.169% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$900.904% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 3 days (all we have)−0.113%−$11 · spread now +0.313%, 7d avg +0.169%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.144% dearer against BingX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.169%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ALGO-USDT | 0.1119 | 0.0100 | pay 0.0100% / 8h | 7h 12m | — | $3.3M | — |
| Short | Phemex ALGOUSDT | 0.1122 | 0.0100 | get 0.0100% / 8h | 7h 12m | $3.8M | $1.8M | 50x |
BingX ALGO-USDT
Phemex ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: +0.313% → +0.169%
- $14.41
- Slippage, 4 orders
- −$68.37
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$75.96
- Costs to cover
- 0.904%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; Phemex: live order book, 6 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, 7 min ago | 5.83 bp | 14.6 bp −$15 | 28.6 bp −$286 | 160.5 bp −$16.0K | 691.7 bp −$345.8K |
| Sell Phemex live order book, 6 min ago | 8.98 bp | 28.6 bp −$29 | 67.9 bp −$679 | 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 | −0.0565% | 1h | 0.1120 | +0.165% | $832K | $1.1M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0104% | 1h | 0.1114 | −0.447% | $87K | $273K | 50x | as long as short |
| Variational Omni ALGO | −0.0086% | 8h | 0.1116 | −0.208% | $61K | $12K | — | as long as short |
| Deribit ALGO_USDC-PERPETUAL | 0.0000% | 1h | 0.1122 | +0.277% | $102K | $49K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1122 | +0.292% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.134% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1120 | +0.170% | $3.7M | $1.8M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1119 | +0.003% | $44K | $38K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.013% | $10.0M | $34.6M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.063% | $11.4M | $11.9M | 75x | as long as short |
Kraken Futures PF_ALGOUSD
Coinbase International ALGO-PERP-INTX
Variational Omni ALGO
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit 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 | 0.1118 | −0.045% | $2.9M | $7.5M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1119 | +0.054% | $877K | $826K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1118 | −0.018% | $23.0M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1119 | +0.018% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.045% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDTlong | +0.0100% | 8h | 0.1119 | long leg | — | $3.3M | — | |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1122 | +0.322% | $62K | $141K | 75x | as long as short |
| Phemex ALGOUSDTshort | +0.0100% | 8h | 0.1122 | +0.313% | $3.8M | $1.8M | 50x | |
| Extended ALGO-USD | +0.0104% | 1h | 0.1118 | −0.034% | $4K | $228K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1120 | +0.134% | $493K | $768K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0342% / S −0.0351% | 1h | 0.1122 | +0.288% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1365% | 1h | 0.1118 | −0.038% | $160K | $3K | 5x | as long as short |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
HTX ALGO-USDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD