Funding you earn now, next payment 03:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.160%
Price spread now: Deribit against BloFin+0.107%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$192as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$560.559% of the position
Funding, last 7 days−1.363%−$136 on $10k
+Price spread, last 4 days (all we have)−0.168%−$17 · spread now +0.107%, 7d avg +0.008%
=The price spread pays, funding is against you. Deribit is 0.098% dearer against BloFin than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of +0.008%): +$10 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 36 hours. At the pace of the last 7 days (−1.363% in total) that is about 12 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ALGO-USDT | 0.1126 | 0.0220 | pay 0.0220% / 8h | 5h 37m | $489K | $889K | 75x |
| Short | Deribit ALGO_USDC-PERPETUAL | 0.1127 | 0 | get 0.0000% / 1h | 37m 09s | $90K | $45K | 25x |
BloFin ALGO-USDT
Deribit ALGO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$46.2
- Price spread: +0.107% → +0.008%
- $9.82
- Slippage, 4 orders
- −$36.92
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$92.3
- Costs to cover
- 0.559%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; Deribit: live order book, 26 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, 5 min ago | 0.45 bp | 13.9 bp −$14 | 34.7 bp −$347 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 26 min ago | 7.63 bp | 17.3 bp −$17 | 23.9 bp −$239 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1127 | +0.101% | $17K | — | 150x | as long as short |
| Deribit ALGO_USDC-PERPETUALshort | 0.0000% | 1h | 0.1127 | +0.107% | $90K | $45K | 25x | |
| Coinbase International ALGO-PERP-INTX | +0.0032% | 1h | 0.1124 | −0.151% | $71K | $272K | 50x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | −0.498% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1129 | +0.267% | $3.7M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1126 | +0.063% | $45K | $40K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1127 | +0.114% | $9.9M | $34.5M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1127 | +0.080% | $11.8M | $12.4M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1127 | +0.080% | $2.9M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1127 | +0.124% | $881K | $851K | 50x | as long as short |
gTrade (Gains Network) ALGO/USD
Coinbase International ALGO-PERP-INTX
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 | 0.1127 | +0.098% | $23.0M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1127 | +0.142% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1127 | +0.124% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1127 | +0.089% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1123 | −0.202% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1127 | +0.142% | $60K | $140K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1128 | +0.213% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1127 | +0.136% | $4K | $229K | 10x | as long as short |
| BloFin ALGO-USDTlong | +0.0220% | 8h | 0.1126 | long leg | $489K | $889K | 75x | |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0344% / S −0.0313% | 1h | 0.1127 | +0.104% | $7K | — | 100x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0351% | 1h | 0.1127 | +0.101% | $834K | $1.1M | 50x | as long as short |
| dYdX ALGO-USD | +0.2275% | 1h | 0.1126 | +0.022% | $162K | $4K | 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]
Kraken Futures PF_ALGOUSD
dYdX ALGO-USD