Funding you earn now, next payment 16:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: MEXC against BloFin−0.099%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$380.383% of the position
Funding, last 7 days−0.252%−$25 on $10k
+Price spread, last 4 days (all we have)−0.178%−$18 · spread now −0.099%, 7d avg +0.027%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and MEXC is 0.125% cheaper against BloFin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.027%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ALGO-USDT | 0.1117 | 0.0220 | pay 0.0220% / 8h | 7h 46m | $479K | $837K | 75x |
| Short | MEXC ALGO_USDT | 0.1115 | 0.0100 | get 0.0100% / 8h | 7h 46m | $23.5M | $3.2M | 200x |
BloFin ALGO-USDT
MEXC ALGO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$25.2
- Price spread: −0.099% → +0.027%
- −$12.53
- Slippage, 4 orders
- −$26.32
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$76.05
- Costs to cover
- 0.383%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 30 min ago; MEXC: live order book, 2 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, 30 min ago | 0.45 bp | 10.2 bp −$10 | 15.8 bp −$158 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.45 bp | 5.2 bp −$5 | 55.5 bp −$555 | 501.8 bp −$50.2K | 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 | −0.0913% | 1h | 0.1117 | +0.009% | $88K | $46K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0025% | 1h | 0.1117 | +0.001% | $830K | $1.1M | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1117 | +0.027% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.304% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1116 | −0.054% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1117 | +0.045% | $44K | $37K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1115 | −0.119% | $9.5M | $34.5M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1115 | −0.143% | $11.2M | $13.1M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1115 | −0.125% | $2.7M | $7.9M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1117 | +0.045% | $840K | $918K | 50x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
gTrade (Gains Network) ALGO/USD
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_USDTshort | +0.0100% | 8h | 0.1115 | −0.099% | $23.5M | $3.2M | 200x | |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1116 | −0.027% | $3.4M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1116 | −0.054% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1115 | −0.143% | — | $3.4M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1115 | −0.137% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1117 | 0.000% | $58K | $137K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1118 | +0.125% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1114 | −0.215% | $7K | $198K | 10x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0144% | 1h | 0.1119 | +0.251% | $63K | $195K | 50x | as long as short |
| BloFin ALGO-USDTlong | +0.0220% | 8h | 0.1117 | long leg | $479K | $837K | 75x | |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0323% / S −0.0272% | 1h | 0.1116 | −0.019% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1001% | 1h | 0.1117 | +0.063% | $161K | $5K | 5x | as long as short |
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
Coinbase International ALGO-PERP-INTX
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD