Funding you earn now, next payment 03:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h −0.038%
Price spread now: Coinbase International against Extended+0.731%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs+$17as in the Price arb table
costs, in and out, $10k−$570.569% of the position
Funding, last 7 days−0.294%−$29 on $10k
+Price spread, last 4 days (all we have)−0.799%−$80 · spread now +0.731%, 7d avg −0.004%
=Together, before fees−1.093%+ Points / potential airdropExtended: Active · farm board−$109 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.735% dearer against Extended than usual: you sell high and buy low (spread +0.731% now, against its 7-day average of −0.004%): +$73 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3 months. At the pace of the last 7 days (−0.294% in total) that is about 17 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ALGO-USD | 0.1108 | 0.0104 | pay 0.0013% / 1h | 47m 23s | $4K | $227K | 10x |
| Short | Coinbase International ALGO-PERP-INTX | 0.1116 | 0.0080 | get 0.0010% / 1h | 47m 23s | $88K | $291K | 50x |
Extended ALGO-USD
Coinbase International ALGO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Extended. 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
- −$5.04
- Price spread: +0.731% → −0.004%
- $73.46
- Slippage, 4 orders
- −$41.88
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $11.53
- Costs to cover
- 0.569%
- Break-even
- from the start
Slippage from Extended: live order book, 9 min ago; Coinbase International: live order book, 11 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 Extended live order book, 9 min ago | 0.85 bp | 12.5 bp −$12 | 108.1 bp −$1,081 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 11 min ago | 8.53 bp | 13.5 bp −$14 | 26.2 bp −$262 | 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-PERPETUAL | −0.0291% | 1h | 0.1108 | −0.045% | $88K | $44K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1109 | +0.072% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.055% | $834 | $233K | 12x | as long as short |
| Coinbase International ALGO-PERP-INTXshort | +0.0080% | 1h | 0.1116 | +0.731% | $88K | $291K | 50x | |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1110 | +0.144% | $3.7M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1109 | +0.067% | $44K | $38K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1108 | +0.012% | $9.7M | $34.7M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1108 | −0.054% | $11.4M | $12.5M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1109 | +0.063% | $2.8M | $7.7M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1109 | +0.027% | $859K | $886K | 50x | as long as short |
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
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_USDT | +0.0100% | 8h | 0.1109 | +0.018% | $22.6M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1109 | +0.072% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1108 | −0.027% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1108 | 0.000% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1110 | +0.181% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1109 | +0.081% | $59K | $140K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1111 | +0.243% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USDlong | +0.0104% | 1h | 0.1108 | long leg | $4K | $227K | 10x | |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1110 | +0.126% | $489K | $890K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0342% / S −0.0313% | 1h | 0.1109 | +0.021% | $7K | — | 100x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0379% | 1h | 0.1108 | −0.039% | $820K | $1.0M | 50x | as long as short |
| dYdX ALGO-USD | +0.1143% | 1h | 0.1110 | +0.118% | $160K | $4K | 5x | as long as short |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Phemex ALGOUSDT
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
Kraken Futures PF_ALGOUSD
dYdX ALGO-USD