Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.20 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against HTX+0.336%7-day average +0.188% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$1081.077% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.122%−$12 · spread now +0.336%, 7d avg +0.188%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phemex is 0.148% dearer against HTX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.188%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX ALGO-USDT | 0.1102 | 0.0100 | pay 0.0100% / 8h | 2h 57m | $59K | $135K | 75x |
| Short | Phemex ALGOUSDT | 0.1106 | 0.0120 | get 0.0120% / 8h | 2h 57m | $3.7M | $1.8M | 50x |
HTX ALGO-USDT
Phemex ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against HTX. 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
- $4.23
- Price spread: +0.336% → +0.188%
- $14.78
- Slippage, 4 orders
- −$83.75
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$88.74
- Costs to cover
- 1.077%
- Break-even
- 153.9 days
Slippage from HTX: live order book, 54 min ago; Phemex: live order book, 1 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 HTX live order book, 54 min ago | 0.90 bp | 19.4 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 4.54 bp | 25.8 bp −$26 | 75.0 bp −$750 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1103 | +0.045% | $16K | — | 150x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | 0.0000% | 1h | 0.1103 | +0.100% | $87K | $44K | 25x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.606% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1105 | +0.200% | $3.6M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1102 | −0.021% | $44K | $37K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1104 | +0.133% | $9.6M | $34.5M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1103 | +0.018% | $11.0M | $12.5M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1104 | +0.136% | $2.7M | $7.7M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1101 | −0.154% | $847K | $903K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1104 | +0.109% | $22.9M | $3.1M | 200x | as long as short |
gTrade (Gains Network) ALGO/USD
Deribit ALGO_USDC-PERPETUAL
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1101 | −0.073% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1103 | +0.064% | $5.5M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1101 | −0.073% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1101 | −0.149% | $60K | $12K | — | as long as short |
| HTX ALGO-USDTlong | +0.0100% | 8h | 0.1102 | long leg | $59K | $135K | 75x | |
| Extended ALGO-USD | +0.0104% | 1h | 0.1102 | −0.002% | $4K | $195K | 10x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0112% | 1h | 0.1104 | +0.127% | $827K | $1.1M | 50x | as long as short |
| Phemex ALGOUSDTshort | +0.0120% | 8h | 0.1106 | +0.336% | $3.7M | $1.8M | 50x | |
| Coinbase International ALGO-PERP-INTX | +0.0144% | 1h | 0.1098 | −0.390% | $64K | $284K | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1103 | +0.027% | $476K | $878K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0318% / S −0.0264% | 1h | 0.1103 | +0.098% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.3065% | 1h | 0.1100 | −0.194% | $159K | $4K | 5x | as long as short |
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
Extended ALGO-USD
Kraken Futures PF_ALGOUSD
Coinbase International ALGO-PERP-INTX
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD