Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Phemex against Extended+0.187%7-day average +0.174% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$930.930% of the position
Funding, last 7 days+0.129%+$13 on $10k
+Price spread, last 3 days (all we have)+0.056%+$6 · spread now +0.187%, 7d avg +0.174%
=Together, before fees+0.185%+ Points / potential airdropExtended: Active · farm board+$19 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ALGO-USD | 0.1121 | 0.0104 | pay 0.0013% / 1h | 23m 47s | $6K | $227K | 10x |
| Short | Phemex ALGOUSDT | 0.1123 | 0.0100 | get 0.0100% / 8h | 6h 23m | $3.8M | $1.8M | 50x |
Extended ALGO-USD
Phemex ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$0.84
- Price spread: +0.187% → +0.174%
- $1.26
- Slippage, 4 orders
- −$76.03
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$92.61
- Costs to cover
- 0.930%
- Break-even
- never at this rate
Slippage from Extended: live order book, 43 min ago; Phemex: live order book, 5 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, 43 min ago | 1.30 bp | 13.8 bp −$14 | 124.1 bp −$1,241 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 13.36 bp | 29.2 bp −$29 | 57.9 bp −$579 | doesn't fit | doesn't fit |
ALGO on 21 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 | −0.0285% | 1h | 0.1120 | −0.045% | $101K | $49K | 25x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1120 | −0.072% | $71K | $289K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1121 | +0.001% | $6K | — | 150x | as long as short |
| Variational Omni ALGO | +0.0018% | 8h | 0.1119 | −0.160% | $61K | $12K | — | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | −0.081% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1123 | +0.223% | $3.7M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1121 | +0.053% | $44K | $40K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1121 | +0.035% | $9.9M | $34.9M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1121 | +0.026% | $11.6M | $12.4M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1121 | +0.017% | $2.9M | $7.7M | 50x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Variational Omni ALGO
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ALGO_USDT | +0.0100% | 8h | 0.1121 | −0.027% | $876K | $858K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1121 | +0.008% | $23.0M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1121 | +0.035% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1121 | +0.008% | $5.6M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1121 | +0.026% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1122 | +0.115% | $61K | $143K | 75x | as long as short |
| Phemex ALGOUSDTshort | +0.0100% | 8h | 0.1123 | +0.187% | $3.8M | $1.8M | 50x | |
| Extended ALGO-USDlong | +0.0104% | 1h | 0.1121 | long leg | $6K | $227K | 10x | |
| Kraken Futures PF_ALGOUSD | +0.0261% | 1h | 0.1121 | +0.015% | $832K | $1.1M | 50x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0343% / S −0.0313% | 1h | 0.1120 | −0.040% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1493% | 1h | 0.1123 | +0.156% | $162K | $4K | 5x | as long as short |
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Kraken Futures PF_ALGOUSD
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD