Funding you earn now, next payment 00:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h +0.094%
Price spread now: Coinbase International against Deribit−0.722%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs+$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$570.570% of the position
Funding, last 7 days+0.792%+$79 on $10k
+Price spread, last 3 days (all we have)+0.636%+$64 · spread now −0.722%, 7d avg −0.039%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Coinbase International is 0.683% cheaper against Deribit than usual: you would sell low and buy high (−$68 if the spread goes back to its 7-day average of −0.039%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.792%, 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 | Deribit ALGO_USDC-PERPETUAL | 0.1122 | 0 | get 0.0000% / 1h | 12m 51s | $102K | $49K | 25x |
| Short | Coinbase International ALGO-PERP-INTX | 0.1114 | −0.0104 | pay 0.0013% / 1h | 12m 51s | $87K | $273K | 50x |
Deribit ALGO_USDC-PERPETUAL
Coinbase International ALGO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$21.84
- Price spread: −0.722% → −0.039%
- −$68.31
- Slippage, 4 orders
- −$39.98
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$147.12
- Costs to cover
- 0.570%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 60 min ago; Coinbase International: live order book, 60 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, 60 min ago | 4.90 bp | 18.1 bp −$18 | 26.6 bp −$266 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 60 min ago | 8.46 bp | 14.3 bp −$14 | 22.9 bp −$229 | 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 | −0.0565% | 1h | 0.1120 | −0.112% | $832K | $1.1M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTXshort | −0.0104% | 1h | 0.1114 | −0.722% | $87K | $273K | 50x | |
| Variational Omni ALGO | −0.0086% | 8h | 0.1116 | −0.484% | $61K | $12K | — | as long as short |
| Deribit ALGO_USDC-PERPETUALlong | 0.0000% | 1h | 0.1122 | long leg | $102K | $49K | 25x | |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1122 | +0.015% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | −0.143% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1120 | −0.107% | $3.7M | $1.8M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1120 | −0.185% | $44K | $38K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.312% | $10.0M | $34.6M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.321% | $11.4M | $11.9M | 75x | as long as short |
Kraken Futures PF_ALGOUSD
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit 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 | 0.1118 | −0.285% | $2.9M | $7.5M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1118 | −0.312% | $876K | $826K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1118 | −0.357% | $23.0M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1118 | −0.330% | $3.6M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1119 | −0.232% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1118 | −0.312% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1122 | +0.045% | $62K | $141K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1122 | +0.036% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1118 | −0.361% | $4K | $228K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1120 | −0.143% | $493K | $768K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0342% / S −0.0351% | 1h | 0.1122 | +0.011% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1349% | 1h | 0.1122 | +0.016% | $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