Funding you earn now, next payment 02:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.039%
Price spread now: MEXC against Coinbase International+0.409%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1as in the Price arb table
costs, in and out, $10k−$380.377% of the position
Funding, last 7 days+0.336%+$34 on $10k
+Price spread, last 4 days (all we have)−0.153%−$15 · spread now +0.409%, 7d avg +0.042%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.367% dearer against Coinbase International than usual: you sell high and buy low: +$37 more if the spread goes back to its 7-day average of +0.042%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ALGO-PERP-INTX | 0.1124 | 0.0032 | pay 0.0004% / 1h | 36m 33s | $71K | $272K | 50x |
| Short | MEXC ALGO_USDT | 0.1129 | 0.0100 | get 0.0100% / 8h | 5h 36m | $23.0M | $3.0M | 200x |
Coinbase International ALGO-PERP-INTX
MEXC ALGO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $14.28
- Price spread: +0.409% → +0.042%
- $36.69
- Slippage, 4 orders
- −$27.7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $13.27
- Costs to cover
- 0.377%
- Break-even
- 0.5 days
Slippage from Coinbase International: live order book, 26 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 Coinbase International live order book, 26 min ago | 5.83 bp | 14.4 bp −$14 | 21.6 bp −$216 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.44 bp | 6.6 bp −$7 | 77.2 bp −$772 | 526.6 bp −$52.7K | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1127 | +0.253% | $17K | — | 150x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | 0.0000% | 1h | 0.1127 | +0.258% | $90K | $45K | 25x | as long as short |
| Coinbase International ALGO-PERP-INTXlong | +0.0032% | 1h | 0.1124 | long leg | $71K | $272K | 50x | |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | −0.347% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1129 | +0.409% | $3.7M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1127 | +0.293% | $45K | $40K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1128 | +0.391% | $9.9M | $34.5M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1128 | +0.400% | $11.8M | $12.4M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1128 | +0.400% | $2.9M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1128 | +0.365% | $882K | $851K | 50x | as long as short |
gTrade (Gains Network) ALGO/USD
Deribit ALGO_USDC-PERPETUAL
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 | 0.1129 | +0.409% | $23.0M | $3.0M | 200x | |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1128 | +0.383% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1129 | +0.454% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1128 | +0.400% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1123 | −0.051% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1127 | +0.294% | $60K | $140K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1128 | +0.365% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1128 | +0.398% | $4K | $229K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1126 | +0.151% | $489K | $889K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0344% / S −0.0313% | 1h | 0.1127 | +0.255% | $7K | — | 100x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0351% | 1h | 0.1127 | +0.253% | $834K | $1.1M | 50x | as long as short |
| dYdX ALGO-USD | +0.2295% | 1h | 0.1128 | +0.346% | $163K | $4K | 5x | as long as short |
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]
Kraken Futures PF_ALGOUSD
dYdX ALGO-USD