Funding you earn now, next payment 23:00 UTC+0.0742%/8h= +81.2% APRpaid last 24h +0.132%
Price spread now: BingX against Deribit−0.107%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs+$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$560.555% of the position
Funding, last 7 days+1.216%+$122 on $10k
+Price spread, last 3 days (all we have)−0.012%−$1 · spread now −0.107%, 7d avg −0.014%
=Funding pays, the price is against you. BingX is 0.093% cheaper against Deribit than usual: you would sell low and buy high (spread −0.107% now, against its 7-day average of −0.014%). If the spread goes back, that is −$9 on $10k: about 10 hours of funding at the current rate (+$22 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ALGO_USDC-PERPETUAL | 0.1120 | −0.0642 | get 0.0080% / 1h | 37m 32s | $101K | $50K | 25x |
| Short | BingX ALGO-USDT | 0.1119 | 0.0100 | get 0.0100% / 8h | 1h 37m | — | $3.3M | — |
Deribit ALGO_USDC-PERPETUAL
BingX ALGO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Deribit. 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
- $155.82
- Price spread: −0.107% → −0.014%
- −$9.31
- Slippage, 4 orders
- −$38.52
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $90.99
- Costs to cover
- 0.555%
- Break-even
- 2.9 days
Slippage from Deribit: live order book, 46 min ago; BingX: live order book, 12 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 Deribit live order book, 46 min ago | 7.57 bp | 16.4 bp −$16 | 24.8 bp −$248 | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 3.58 bp | 14.0 bp −$14 | 34.8 bp −$348 | 205.9 bp −$20.6K | 733.2 bp −$366.6K |
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-PERPETUALlong | −0.0642% | 1h | 0.1120 | long leg | $101K | $50K | 25x | |
| Injective ALGO/USDC PERP | −0.0295% | 1h | 0.1117 | −0.268% | $832 | $202K | 12x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0288% | 1h | 0.1120 | +0.016% | $838K | $1.1M | 50x | as long as short |
| Bybit ALGOUSDT | −0.0103% | 8h | 0.1118 | −0.223% | $11.3M | $12.3M | 75x | as long as short |
| Variational Omni ALGO | −0.0087% | 8h | 0.1122 | +0.216% | $65K | $10K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0056% | 1h | 0.1121 | +0.054% | $62K | $332K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1121 | +0.097% | $6K | — | 150x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1119 | −0.045% | $3.7M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1120 | +0.007% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.198% | $9.9M | $34.9M | 75x | as long as short |
Injective ALGO/USDC PERP
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDT
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
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 | 0.1117 | −0.232% | $3.0M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1120 | 0.000% | $889K | $852K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1119 | −0.125% | $23.0M | $2.8M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1120 | −0.036% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1119 | −0.089% | $5.7M | $3.6M | 75x | as long as short |
| BingX ALGO-USDTshort | +0.0100% | 8h | 0.1119 | −0.107% | — | $3.3M | — | |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1121 | +0.071% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1122 | +0.179% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1118 | −0.155% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1123 | +0.259% | $489K | $797K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0253% / S −0.0186% | 1h | 0.1121 | +0.124% | $5K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1596% | 1h | 0.1120 | +0.032% | $161K | $4K | 5x | as long as short |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD