Funding you earn now, next payment 08:00 UTC−0.0106%/8h= −11.6% APRnext payment −$1.06 per $10,000 · paid last 24h −0.036%
Price spread now: Gate against BloFin−0.170%93s7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$125as 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−$1021.023% of the position
Funding, last 7 days−0.226%−$23 on $10k
+Price spread, last 3 days (all we have)+0.089%+$9 · spread now −0.170%, 7d avg −0.026%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.144% cheaper against BloFin than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.026%). Swap the legs. The two prices were read 93 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 | BloFin ALGO-USDT | 0.1115 | 0.0206 | pay 0.0206% / 8h | 7h 39m | $490K | $768K | 75x |
| Short | Gate ALGO_USDT | 0.1113 | 0.0100 | get 0.0100% / 8h | 7h 39m | $875K | $814K | 50x |
BloFin ALGO-USDT
Gate ALGO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$22.21
- Price spread: −0.170% → −0.026%
- −$14.44
- Slippage, 4 orders
- −$75.33
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$138.98
- Costs to cover
- 1.023%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 32 min ago; Gate: live order book, 32 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, 32 min ago | 0.89 bp | 11.6 bp −$12 | 23.7 bp −$237 | doesn't fit | doesn't fit |
| Sell Gate live order book, 32 min ago | 7.57 bp | 43.0 bp −$43 | 330.4 bp −$3,304 | 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 | −0.0568% | 1h | 0.1115 | +0.001% | $830K | $1.1M | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0288% | 1h | 0.1114 | −0.117% | $101K | $50K | 25x | as long as short |
| Variational Omni ALGO | −0.0134% | 8h | 0.1113 | −0.154% | $61K | $11K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0104% | 1h | 0.1114 | −0.117% | $67K | $275K | 50x | as long as short |
| Bybit ALGOUSDT | −0.0076% | 8h | 0.1111 | −0.386% | $11.2M | $11.8M | 75x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1113 | −0.188% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.448% | $834 | $233K | 12x | as long as short |
| MEXC ALGO_USDT | +0.0085% | 8h | 0.1113 | −0.197% | $22.8M | $2.9M | 200x | as long as short |
| Binance ALGOUSDT | +0.0085% | 8h | 0.1112 | −0.274% | $9.8M | $33.9M | 75x | as long as short |
| Extended ALGO-USD | +0.0088% | 1h | 0.1112 | −0.246% | $8K | $268K | 10x | as long as short |
Kraken Futures PF_ALGOUSD
Deribit ALGO_USDC-PERPETUAL
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
Bybit ALGOUSDT
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
MEXC ALGO_USDT
Binance ALGOUSDT
Extended ALGO-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ALGO | +0.0100% | 1h | 0.1114 | −0.099% | $3.7M | $1.8M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1115 | +0.011% | $44K | $38K | 5x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1112 | −0.305% | $2.9M | $7.4M | 50x | as long as short |
| Gate ALGO_USDTshort | +0.0100% | 8h | 0.1113 | −0.170% | $875K | $814K | 50x | |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1113 | −0.197% | $3.6M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1112 | −0.269% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1111 | −0.314% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1114 | −0.099% | $66K | $104K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0162% | 8h | 0.1116 | +0.090% | $3.8M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDTlong | +0.0206% | 8h | 0.1115 | long leg | $490K | $768K | 75x | |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0341% / S −0.0351% | 1h | 0.1113 | −0.176% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1044% | 1h | 0.1113 | −0.194% | $159K | $3K | 5x | as long as short |
Hyperliquid ALGO
Aster ALGOUSDT
OKX ALGO-USDT-SWAP
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD