Funding you earn now, next payment 22:00 UTC+0.0837%/8h= +91.7% APRpaid last 24h +0.130%
Price spread now: Gate against Deribit+0.117%7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs+$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$970.967% of the position
Funding, last 7 days+1.166%+$117 on $10k
+Price spread, last 3 days (all we have)−0.280%−$28 · spread now +0.117%, 7d avg −0.035%
=Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Gate is 0.152% dearer against Deribit than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.035%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ALGO_USDC-PERPETUAL | 0.1114 | −0.0737 | get 0.0092% / 1h | 35m 52s | $101K | $49K | 25x |
| Short | Gate ALGO_USDT | 0.1115 | 0.0100 | get 0.0100% / 8h | 2h 35m | $878K | $818K | 50x |
Deribit ALGO_USDC-PERPETUAL
Gate ALGO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $175.77
- Price spread: +0.117% → −0.035%
- $15.17
- Slippage, 4 orders
- −$74.74
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $94.2
- Costs to cover
- 0.967%
- Break-even
- 3.2 days
Slippage from Deribit: live order book, 52 min ago; Gate: live order book, 50 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, 52 min ago | 3.58 bp | 17.8 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 50 min ago | 1.79 bp | 11.0 bp −$11 | 267.2 bp −$2,672 | 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-PERPETUALlong | −0.0737% | 1h | 0.1114 | long leg | $101K | $49K | 25x | |
| Injective ALGO/USDC PERP | −0.0212% | 1h | 0.1115 | +0.117% | $830 | $175K | 12x | as long as short |
| Bybit ALGOUSDT | −0.0139% | 8h | 0.1113 | −0.099% | $11.2M | $12.3M | 75x | as long as short |
| Variational Omni ALGO | −0.0077% | 8h | 0.1114 | +0.036% | $65K | $10K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1121 | +0.638% | $62K | $339K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1115 | +0.112% | $6K | — | 150x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0093% | 1h | 0.1114 | +0.048% | $836K | $1.2M | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1115 | +0.126% | $3.7M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1115 | +0.112% | $44K | $31K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1114 | +0.027% | $9.9M | $34.9M | 75x | as long as short |
Injective ALGO/USDC PERP
Bybit ALGOUSDT
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Kraken Futures PF_ALGOUSD
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 | 0.1113 | −0.027% | $3.0M | $7.8M | 50x | as long as short |
| Gate ALGO_USDTshort | +0.0100% | 8h | 0.1115 | +0.117% | $878K | $818K | 50x | |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1114 | −0.018% | $23.0M | $2.9M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1115 | +0.081% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1114 | +0.027% | $5.7M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1114 | −0.018% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1114 | +0.018% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1116 | +0.207% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1113 | −0.040% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1114 | +0.009% | $491K | $791K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0237% / S −0.0158% | 1h | 0.1114 | +0.063% | $5K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1259% | 1h | 0.1115 | +0.112% | $160K | $5K | 5x | as long as short |
OKX ALGO-USDT-SWAP
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