Funding you earn now, next payment 22:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h −0.038%
Price spread now: Coinbase International against Bybit+0.233%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$540.538% of the position
Funding, last 7 days−0.323%−$32 on $10k
+Price spread, last 3 days (all we have)−0.213%−$21 · spread now +0.233%, 7d avg +0.007%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.225% dearer against Bybit than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.007%. Mind the row above: over the last 7 days funding on this pair cost −0.323%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ALGOUSDT | 0.1118 | −0.0104 | get 0.0104% / 8h | 1h 10m | $11.3M | $12.3M | 75x |
| Short | Coinbase International ALGO-PERP-INTX | 0.1121 | −0.0056 | pay 0.0007% / 1h | 10m 39s | $62K | $332K | 50x |
Bybit ALGOUSDT
Coinbase International ALGO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bybit. 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
- $10.17
- Price spread: +0.233% → +0.007%
- $22.53
- Slippage, 4 orders
- −$32.78
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$21.08
- Costs to cover
- 0.538%
- Break-even
- 21.5 days
Slippage from Bybit: live order book, 3 min ago; Coinbase International: live order book, 7 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 Bybit live order book, 3 min ago | 0.45 bp | 14.3 bp −$14 | 34.5 bp −$345 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 7 min ago | 6.25 bp | 14.8 bp −$15 | 21.7 bp −$217 | 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 | −0.0731% | 1h | 0.1120 | +0.179% | $101K | $50K | 25x | as long as short |
| Injective ALGO/USDC PERP | −0.0295% | 1h | 0.1120 | +0.179% | $834 | $233K | 12x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0288% | 1h | 0.1120 | +0.218% | $833K | $1.2M | 50x | as long as short |
| Bybit ALGOUSDTlong | −0.0104% | 8h | 0.1118 | long leg | $11.3M | $12.3M | 75x | |
| Variational Omni ALGO | −0.0085% | 8h | 0.1119 | +0.090% | $65K | $10K | — | as long as short |
| Coinbase International ALGO-PERP-INTXshort | −0.0056% | 1h | 0.1121 | +0.233% | $62K | $332K | 50x | |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1120 | +0.224% | $6K | — | 150x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1122 | +0.322% | $3.7M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1120 | +0.214% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1120 | +0.151% | $9.8M | $34.8M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Injective ALGO/USDC PERP
Kraken Futures PF_ALGOUSD
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
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 | 0.1118 | +0.018% | $3.0M | $7.7M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1120 | +0.188% | $887K | $854K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1119 | +0.125% | $23.3M | $2.8M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1120 | +0.215% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1120 | +0.179% | $5.6M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1119 | +0.063% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1121 | +0.242% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1122 | +0.358% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1119 | +0.069% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1120 | +0.197% | $488K | $796K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0257% / S −0.0191% | 1h | 0.1121 | +0.242% | $5K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1483% | 1h | 0.1121 | +0.267% | $161K | $3K | 5x | as long as short |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD