Funding you earn now, next payment 21:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h −0.039%
Price spread now: Coinbase International against Bitget+0.520%7-day average −0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$660.661% of the position
Funding, last 7 days−0.411%−$41 on $10k
+Price spread, last 3 days (all we have)−0.766%−$77 · spread now +0.520%, 7d avg −0.059%
=The price spread pays, funding is against you. Coinbase International is 0.580% dearer against Bitget than usual: you sell high and buy low (spread +0.520% now, against its 7-day average of −0.059%): +$58 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 12 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ALGOUSDT | 0.1115 | 0.0100 | pay 0.0100% / 8h | 2h 50m | $5.7M | $3.6M | 75x |
| Short | Coinbase International ALGO-PERP-INTX | 0.1121 | −0.0064 | pay 0.0008% / 1h | 50m 10s | $62K | $339K | 50x |
Bitget ALGOUSDT
Coinbase International ALGO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$34.44
- Price spread: +0.520% → −0.059%
- $57.96
- Slippage, 4 orders
- −$44.06
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$42.55
- Costs to cover
- 0.661%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Coinbase International: live order book, 37 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, 3 min ago | 4.48 bp | 23.6 bp −$24 | 55.9 bp −$559 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 37 min ago | 4.47 bp | 14.5 bp −$14 | 20.8 bp −$208 | 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 | −0.0736% | 1h | 0.1115 | −0.027% | $101K | $50K | 25x | as long as short |
| Injective ALGO/USDC PERP | −0.0212% | 1h | 0.1116 | +0.090% | $831 | $118K | 12x | as long as short |
| Bybit ALGOUSDT | −0.0131% | 8h | 0.1113 | −0.143% | $11.2M | $12.3M | 75x | as long as short |
| Variational Omni ALGO | −0.0069% | 8h | 0.1113 | −0.206% | $65K | $10K | — | as long as short |
| Coinbase International ALGO-PERP-INTXshort | −0.0064% | 1h | 0.1121 | +0.520% | $62K | $339K | 50x | |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1116 | +0.060% | $6K | — | 150x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0093% | 1h | 0.1115 | −0.003% | $836K | $1.2M | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1116 | +0.117% | $3.7M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1116 | +0.067% | $44K | $31K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1115 | −0.044% | $9.9M | $35.1M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Injective ALGO/USDC PERP
Bybit ALGOUSDT
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Kraken Futures PF_ALGOUSD
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 | 0.1114 | −0.108% | $3.0M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1114 | −0.054% | $877K | $818K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1114 | −0.054% | $23.0M | $2.9M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1115 | −0.009% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDTlong | +0.0100% | 8h | 0.1115 | long leg | $5.7M | $3.6M | 75x | |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1114 | −0.099% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1114 | −0.090% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1117 | +0.179% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1115 | −0.039% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1114 | −0.054% | $492K | $798K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0237% / S −0.0158% | 1h | 0.1115 | +0.035% | $5K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1091% | 1h | 0.1116 | +0.072% | $160K | $5K | 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
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD