Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against Bitget−0.302%105s7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$600.604% of the position
Funding, last 7 days+0.161%+$16 on $10k
+Price spread, last 3 days (all we have)+0.351%+$35 · spread now −0.302%, 7d avg −0.028%
=Funding pays, the price is against you. BloFin is 0.274% cheaper against Bitget than usual: you would sell low and buy high (spread −0.302% now, against its 7-day average of −0.028%). If the spread goes back, that is −$27 on $10k: about 7.6 days of funding at the current rate (+$4 a day). The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ALGOUSDT | 0.1125 | 0.0100 | pay 0.0100% / 8h | 3m 30s | $5.7M | $3.5M | 75x |
| Short | BloFin ALGO-USDT | 0.1122 | 0.0220 | get 0.0220% / 8h | 3m 30s | $491K | $793K | 75x |
Bitget ALGOUSDT
BloFin ALGO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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: −0.302% → −0.028%
- −$27.43
- Slippage, 4 orders
- −$36.42
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$62.64
- Costs to cover
- 0.604%
- Break-even
- 24.4 days
Slippage from Bitget: live order book, 5 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 Bitget live order book, 5 min ago | 4.45 bp | 19.0 bp −$19 | 34.6 bp −$346 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 8 min ago | 0.89 bp | 9.7 bp −$10 | 21.3 bp −$213 | 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 | −0.0372% | 1h | 0.1124 | −0.080% | $102K | $50K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0157% | 1h | 0.1124 | −0.045% | $836K | $1.1M | 50x | as long as short |
| Bybit ALGOUSDT | −0.0148% | 8h | 0.1123 | −0.178% | $11.3M | $12.0M | 75x | as long as short |
| Variational Omni ALGO | −0.0132% | 8h | 0.1120 | −0.400% | $62K | $12K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0112% | 1h | 0.1124 | −0.062% | $62K | $299K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1124 | −0.044% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0026% | 1h | 0.1120 | −0.444% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1125 | +0.044% | $3.8M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1124 | −0.089% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1124 | −0.111% | $10.0M | $34.2M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
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 | −0.142% | $3.0M | $7.6M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1124 | −0.124% | $883K | $837K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1124 | −0.107% | $23.1M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1124 | −0.053% | $3.6M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDTlong | +0.0100% | 8h | 0.1125 | long leg | $5.7M | $3.5M | 75x | |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1123 | −0.178% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1123 | −0.169% | $66K | $107K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1125 | 0.000% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1124 | −0.085% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDTshort | +0.0220% | 8h | 0.1122 | −0.302% | $491K | $793K | 75x | |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0333% / S −0.0334% | 1h | 0.1125 | −0.042% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1334% | 1h | 0.1124 | −0.051% | $161K | $3K | 5x | as long as short |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD