Funding you earn now, next payment 06:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.064%
Price spread now: Coinbase International against BloFin+0.244%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$530.530% of the position
Funding, last 7 days−0.579%−$58 on $10k
+Price spread, last 4 days (all we have)−0.312%−$31 · spread now +0.244%, 7d avg −0.015%
=The price spread pays, funding is against you. Coinbase International is 0.259% dearer against BloFin than usual: you sell high and buy low (spread +0.244% now, against its 7-day average of −0.015%): +$26 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 7 days (−0.579% in total) that is about 3.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ALGO-USDT | 0.1107 | 0.0220 | pay 0.0220% / 8h | 1h 06m | $471K | $874K | 75x |
| Short | Coinbase International ALGO-PERP-INTX | 0.1109 | 0.0136 | get 0.0017% / 1h | 6m 39s | $63K | $193K | 50x |
BloFin ALGO-USDT
Coinbase International ALGO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against BloFin. 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
- −$17.64
- Price spread: +0.244% → −0.015%
- $25.9
- Slippage, 4 orders
- −$30.96
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$44.7
- Costs to cover
- 0.530%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 15 min ago; Coinbase International: live order book, 36 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 BloFin live order book, 15 min ago | 1.36 bp | 11.2 bp −$11 | 24.2 bp −$242 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 36 min ago | 6.36 bp | 14.2 bp −$14 | 20.3 bp −$203 | 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 | −0.0273% | 1h | 0.1110 | +0.257% | $824K | $1.1M | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1109 | +0.158% | $16K | — | 150x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | 0.0000% | 1h | 0.1109 | +0.163% | $88K | $45K | 25x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.193% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1110 | +0.307% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1108 | +0.143% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1109 | +0.168% | $9.4M | $34.4M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1108 | +0.117% | $10.9M | $12.7M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1108 | +0.136% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1107 | −0.018% | $835K | $944K | 50x | as long as short |
Kraken Futures PF_ALGOUSD
gTrade (Gains Network) ALGO/USD
Deribit ALGO_USDC-PERPETUAL
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1109 | +0.154% | $23.1M | $3.2M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1109 | +0.154% | $3.5M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1109 | +0.199% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1108 | +0.117% | — | $3.4M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1106 | −0.095% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1107 | +0.009% | $60K | $133K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1111 | +0.379% | $3.7M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1109 | +0.182% | $4K | $199K | 10x | as long as short |
| Coinbase International ALGO-PERP-INTXshort | +0.0136% | 1h | 0.1109 | +0.244% | $63K | $193K | 50x | |
| BloFin ALGO-USDTlong | +0.0220% | 8h | 0.1107 | long leg | $471K | $874K | 75x | |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0318% / S −0.0264% | 1h | 0.1109 | +0.204% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.0900% | 1h | 0.1108 | +0.085% | $160K | $5K | 5x | as long as short |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD