Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Gate+0.293%49s7-day average +0.188% · you sell dearer than you buy
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1491.488% of the position
Funding, last 7 days+0.061%+$6 on $10k
+Price spread, last 3 days (all we have)−0.079%−$8 · spread now +0.293%, 7d avg +0.188%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.105% dearer against Gate than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.188%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ALGO_USDT | 0.1125 | 0.0100 | pay 0.0100% / 8h | 54m 29s | $888K | $834K | 50x |
| Short | Phemex ALGOUSDT | 0.1128 | 0.0100 | get 0.0100% / 8h | 54m 29s | $3.8M | $1.8M | 50x |
Gate ALGO_USDT
Phemex ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Gate. 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
- Price spread: +0.293% → +0.188%
- $10.53
- Slippage, 4 orders
- −$121.77
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$138.23
- Costs to cover
- 1.488%
- Break-even
- never at this rate
Slippage from Gate: live order book, 22 min ago; Phemex: live order book, 4 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 Gate live order book, 22 min ago | 8.47 bp | 48.1 bp −$48 | 319.2 bp −$3,192 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 8.86 bp | 28.7 bp −$29 | 64.4 bp −$644 | 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 | −0.0460% | 1h | 0.1126 | +0.089% | $102K | $50K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0157% | 1h | 0.1126 | +0.113% | $837K | $1.2M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0112% | 1h | 0.1121 | −0.365% | $62K | $332K | 50x | as long as short |
| Bybit ALGOUSDT | −0.0099% | 8h | 0.1124 | −0.027% | $11.3M | $12.3M | 75x | as long as short |
| Variational Omni ALGO | −0.0082% | 8h | 0.1125 | −0.009% | $65K | $10K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1126 | +0.146% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0026% | 1h | 0.1120 | −0.418% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1127 | +0.222% | $3.8M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1126 | +0.072% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1125 | +0.036% | $9.9M | $34.8M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
Coinbase International ALGO-PERP-INTX
Bybit ALGOUSDT
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
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 | 0.1125 | 0.000% | $3.0M | $7.8M | 50x | as long as short |
| Gate ALGO_USDTlong | +0.0100% | 8h | 0.1125 | long leg | $888K | $834K | 50x | |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1125 | +0.044% | $23.4M | $2.8M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1126 | +0.116% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1126 | +0.116% | $5.7M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1125 | +0.036% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1125 | +0.062% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDTshort | +0.0100% | 8h | 0.1128 | +0.293% | $3.8M | $1.8M | 50x | |
| Extended ALGO-USD | +0.0104% | 1h | 0.1125 | +0.020% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1125 | +0.053% | $489K | $795K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0260% / S −0.0194% | 1h | 0.1126 | +0.128% | $5K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1588% | 1h | 0.1126 | +0.128% | $161K | $3K | 5x | as long as short |
OKX ALGO-USDT-SWAP
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD