Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against MEXC+0.350%7-day average +0.139% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$1001.002% of the position
Funding, last 7 days+0.085%+$8 on $10k
+Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.350%, 7d avg +0.139%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.211% dearer against MEXC than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.139%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ALGO_USDT | 0.1115 | 0.0100 | pay 0.0100% / 8h | 7h 00m | $23.6M | $3.4M | 200x |
| Short | Phemex ALGOUSDT | 0.1119 | 0.0100 | get 0.0100% / 8h | 7h 00m | $3.8M | $1.8M | 50x |
MEXC ALGO_USDT
Phemex ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: +0.350% → +0.139%
- $21.05
- Slippage, 4 orders
- −$88.23
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$79.18
- Costs to cover
- 1.002%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; Phemex: live order book, 3 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, 3 min ago | 0.89 bp | 3.4 bp −$3 | 63.4 bp −$634 | 511.8 bp −$51.2K | doesn't fit |
| Sell Phemex live order book, 3 min ago | 17.79 bp | 51.2 bp −$51 | 94.8 bp −$948 | 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 | −0.0197% | 1h | 0.1117 | +0.206% | $88K | $45K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0025% | 1h | 0.1117 | +0.199% | $821K | $1.1M | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1117 | +0.135% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.439% | $834 | $233K | 12x | as long as short |
| Bybit ALGOUSDT | +0.0057% | 8h | 0.1113 | −0.206% | $10.9M | $13.3M | 75x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1117 | +0.170% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1116 | +0.036% | $44K | $39K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1114 | −0.081% | $9.4M | $34.3M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1114 | −0.126% | $2.7M | $7.7M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1114 | −0.108% | $839K | $926K | 50x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Bybit ALGOUSDT
Hyperliquid ALGO
Aster ALGOUSDT
Binance 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_USDTlong | +0.0100% | 8h | 0.1115 | long leg | $23.6M | $3.4M | 200x | |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1115 | −0.018% | $3.5M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1113 | −0.188% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1115 | +0.009% | — | $3.4M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1115 | +0.031% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1117 | +0.143% | $58K | $132K | 75x | as long as short |
| Phemex ALGOUSDTshort | +0.0100% | 8h | 0.1119 | +0.350% | $3.8M | $1.8M | 50x | |
| Extended ALGO-USD | +0.0104% | 1h | 0.1113 | −0.145% | $7K | $187K | 10x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0144% | 1h | 0.1117 | +0.188% | $63K | $182K | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1116 | +0.045% | $474K | $850K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0323% / S −0.0273% | 1h | 0.1117 | +0.185% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1099% | 1h | 0.1115 | +0.021% | $161K | $5K | 5x | as long as short |
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Extended ALGO-USD
Coinbase International ALGO-PERP-INTX
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD