Funding you earn now, next payment 23:00 UTC+0.0013%/8h= +1.5% APRpaid last 24h +0.038%
Price spread now: Bybit against Coinbase International+0.384%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$540.537% of the position
Funding, last 7 days+0.323%+$32 on $10k
+Price spread, last 3 days (all we have)−0.403%−$40 · spread now +0.384%, 7d avg −0.007%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Bybit is 0.391% dearer against Coinbase International than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of −0.007%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ALGO-PERP-INTX | 0.1121 | −0.0112 | get 0.0014% / 1h | 57m 38s | $62K | $332K | 50x |
| Short | Bybit ALGOUSDT | 0.1125 | −0.0099 | pay 0.0099% / 8h | 57m 38s | $11.3M | $12.3M | 75x |
Coinbase International ALGO-PERP-INTX
Bybit ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Coinbase International. 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
- $2.83
- Price spread: +0.384% → −0.007%
- $39.1
- Slippage, 4 orders
- −$32.74
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$11.81
- Costs to cover
- 0.537%
- Break-even
- 36.2 days
Slippage from Coinbase International: live order book, 20 min ago; Bybit: live order book, 6 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 Coinbase International live order book, 20 min ago | 6.25 bp | 12.1 bp −$12 | 17.7 bp −$177 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 6 min ago | 0.44 bp | 15.2 bp −$15 | 40.3 bp −$403 | 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 | −0.0371% | 1h | 0.1126 | +0.455% | $102K | $50K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0157% | 1h | 0.1126 | +0.479% | $837K | $1.2M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTXlong | −0.0112% | 1h | 0.1121 | long leg | $62K | $332K | 50x | |
| Bybit ALGOUSDTshort | −0.0099% | 8h | 0.1125 | +0.384% | $11.3M | $12.3M | 75x | |
| Variational Omni ALGO | −0.0081% | 8h | 0.1123 | +0.245% | $65K | $10K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1126 | +0.464% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0026% | 1h | 0.1120 | −0.054% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1127 | +0.607% | $3.8M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1125 | +0.397% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1126 | +0.455% | $9.9M | $34.8M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
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 | 0.1125 | +0.384% | $3.0M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1125 | +0.357% | $888K | $834K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1126 | +0.446% | $23.4M | $2.8M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1126 | +0.473% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1126 | +0.482% | $5.7M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1125 | +0.419% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1124 | +0.277% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1127 | +0.571% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1125 | +0.434% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1123 | +0.205% | $488K | $798K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0259% / S −0.0194% | 1h | 0.1126 | +0.471% | $5K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1672% | 1h | 0.1126 | +0.443% | $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