Funding you earn now, next payment 06:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h +0.028%
Price spread now: Gate against Coinbase International−0.606%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$178as in the Price arb table
costs, in and out, $10k−$1191.192% of the position
Funding, last 7 days+0.353%+$35 on $10k
+Price spread, last 4 days (all we have)+0.592%+$59 · spread now −0.606%, 7d avg −0.015%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.591% cheaper against Coinbase International than usual: you would sell low and buy high (−$59 if the spread goes back to its 7-day average of −0.015%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.353%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ALGO-PERP-INTX | 0.1106 | 0.0136 | pay 0.0017% / 1h | 42m 52s | $62K | $248K | 50x |
| Short | Gate ALGO_USDT | 0.1099 | 0.0100 | get 0.0100% / 8h | 1h 42m | $831K | $943K | 50x |
Coinbase International ALGO-PERP-INTX
Gate ALGO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$7.56
- Price spread: −0.606% → −0.015%
- −$59.07
- Slippage, 4 orders
- −$94.2
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$185.84
- Costs to cover
- 1.192%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 65 min ago; Gate: live order book, 64 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, 65 min ago | 9.07 bp | 15.0 bp −$15 | 19.9 bp −$199 | doesn't fit | doesn't fit |
| Sell Gate live order book, 64 min ago | 9.56 bp | 43.9 bp −$44 | 344.8 bp −$3,448 | 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 | −0.0275% | 1h | 0.1102 | −0.403% | $818K | $1.1M | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0022% | 1h | 0.1101 | −0.434% | $87K | $45K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1102 | −0.400% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.257% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1102 | −0.402% | $3.3M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1100 | −0.523% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1100 | −0.510% | $9.4M | $34.6M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1099 | −0.615% | $10.9M | $12.7M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1100 | −0.542% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDTshort | +0.0100% | 8h | 0.1099 | −0.606% | $831K | $943K | 50x |
Kraken Futures PF_ALGOUSD
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1101 | −0.479% | $23.0M | $3.2M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1100 | −0.551% | $3.4M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1101 | −0.461% | $5.4M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1100 | −0.506% | — | $3.4M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1096 | −0.876% | $60K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1100 | −0.515% | $59K | $135K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1103 | −0.280% | $3.7M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1101 | −0.501% | $4K | $198K | 10x | as long as short |
| Coinbase International ALGO-PERP-INTXlong | +0.0136% | 1h | 0.1106 | long leg | $62K | $248K | 50x | |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1102 | −0.398% | $470K | $869K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0318% / S −0.0264% | 1h | 0.1102 | −0.369% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.0829% | 1h | 0.1101 | −0.438% | $159K | $5K | 5x | as long as short |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD