Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against MEXC−0.009%64s7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$9as 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−$350.346% of the position
Funding, last 7 days+0.252%+$25 on $10k
+Price spread, last 3 days (all we have)+0.127%+$13 · spread now −0.009%, 7d avg −0.028%
=The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 64 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 | MEXC ALGO_USDT | 0.1118 | 0.0100 | pay 0.0100% / 8h | 2h 10m | $23.0M | $3.0M | 200x |
| Short | BloFin ALGO-USDT | 0.1118 | 0.0220 | get 0.0220% / 8h | 2h 10m | $493K | $794K | 75x |
MEXC ALGO_USDT
BloFin ALGO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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
- $25.2
- Price spread: −0.009% → −0.028%
- $1.86
- Slippage, 4 orders
- −$22.6
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$7.53
- Costs to cover
- 0.346%
- Break-even
- 9.1 days
Slippage from MEXC: live order book, 9 min ago; BloFin: live order book, 12 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 MEXC live order book, 9 min ago | 0.44 bp | 4.7 bp −$5 | 33.5 bp −$335 | 509.9 bp −$51.0K | doesn't fit |
| Sell BloFin live order book, 12 min ago | 0.89 bp | 11.6 bp −$12 | 24.5 bp −$245 | 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 | −0.0643% | 1h | 0.1119 | +0.036% | $101K | $50K | 25x | as long as short |
| Injective ALGO/USDC PERP | −0.0212% | 1h | 0.1115 | −0.277% | $830 | $175K | 12x | as long as short |
| Bybit ALGOUSDT | −0.0121% | 8h | 0.1117 | −0.063% | $11.3M | $12.2M | 75x | as long as short |
| Variational Omni ALGO | −0.0087% | 8h | 0.1117 | −0.079% | $65K | $10K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1118 | 0.000% | $61K | $331K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1119 | +0.114% | $6K | — | 150x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0093% | 1h | 0.1119 | +0.086% | $839K | $1.2M | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1120 | +0.134% | $3.7M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1120 | +0.159% | $44K | $31K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.008% | $9.9M | $34.8M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
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 | 0.1117 | −0.080% | $3.0M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1118 | −0.036% | $856K | $842K | 50x | as long as short |
| MEXC ALGO_USDTlong | +0.0100% | 8h | 0.1118 | long leg | $23.0M | $3.0M | 200x | |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1119 | +0.080% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.009% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1118 | −0.045% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1118 | −0.027% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1121 | +0.259% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1118 | −0.021% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDTshort | +0.0220% | 8h | 0.1118 | −0.009% | $493K | $794K | 75x | |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0237% / S −0.0158% | 1h | 0.1119 | +0.099% | $5K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1328% | 1h | 0.1119 | +0.106% | $160K | $5K | 5x | as long as short |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD