Funding you earn now, next payment 23:00 UTC+0.0216%/8h= +23.7% APRnext payment +$0.27 per $10,000 · paid last 24h +0.039%
Price spread now: Extended against Coinbase International+0.591%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs+$3as in the Price arb table
costs, in and out, $10k−$540.542% of the position
Funding, last 7 days+0.290%+$29 on $10k
+Price spread, last 3 days (all we have)−0.622%−$62 · spread now +0.591%, 7d avg +0.019%
=Together, before fees−0.331%+ Points / potential airdropExtended: Active · farm board−$33 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Extended is 0.572% dearer against Coinbase International than usual: you sell high and buy low: +$57 more if the spread goes back to its 7-day average of +0.019%.
| 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 | 52m 52s | $62K | $332K | 50x |
| Short | Extended ALGO-USD | 0.1127 | 0.0104 | get 0.0013% / 1h | 52m 52s | $7K | $210K | 10x |
Coinbase International ALGO-PERP-INTX
Extended ALGO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $45.36
- Price spread: +0.591% → +0.019%
- $57.16
- Slippage, 4 orders
- −$39.2
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $48.32
- Costs to cover
- 0.542%
- Break-even
- from the start
Slippage from Coinbase International: live order book, 25 min ago; Extended: live order book, 24 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, 25 min ago | 6.25 bp | 12.1 bp −$12 | 17.7 bp −$177 | doesn't fit | doesn't fit |
| Sell Extended live order book, 24 min ago | 1.03 bp | 13.3 bp −$13 | 100.8 bp −$1,008 | 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 | −0.0370% | 1h | 0.1128 | +0.660% | $102K | $50K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0157% | 1h | 0.1128 | +0.672% | $839K | $1.2M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTXlong | −0.0112% | 1h | 0.1121 | long leg | $62K | $332K | 50x | |
| Bybit ALGOUSDT | −0.0098% | 8h | 0.1127 | +0.527% | $11.3M | $12.3M | 75x | as long as short |
| Variational Omni ALGO | −0.0082% | 8h | 0.1125 | +0.357% | $65K | $10K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1128 | +0.704% | $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 | 0.1129 | +0.785% | $3.8M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1127 | +0.582% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1127 | +0.607% | $9.9M | $34.8M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDT
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 | 0.1127 | +0.544% | $3.0M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1127 | +0.544% | $889K | $834K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1128 | +0.616% | $23.4M | $2.8M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1128 | +0.643% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1128 | +0.660% | $5.7M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1127 | +0.589% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1127 | +0.544% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1130 | +0.839% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USDshort | +0.0104% | 1h | 0.1127 | +0.591% | $7K | $210K | 10x | |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1127 | +0.535% | $490K | $796K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0260% / S −0.0195% | 1h | 0.1128 | +0.698% | $5K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1611% | 1h | 0.1127 | +0.597% | $162K | $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
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD