Funding you earn now, next payment 02:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.039%
Price spread now: Coinbase International against OKX0.000%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$560.560% of the position
Funding, last 7 days−0.288%−$29 on $10k
+Price spread, last 4 days (all we have)−0.235%−$24 · spread now 0.000%, 7d avg +0.028%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.028% cheaper against OKX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.028%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ALGO-USDT-SWAP | 0.1130 | 0.0100 | pay 0.0100% / 8h | 5h 34m | $2.9M | $7.8M | 50x |
| Short | Coinbase International ALGO-PERP-INTX | 0.1130 | 0.0032 | get 0.0004% / 1h | 34m 39s | $71K | $273K | 50x |
OKX ALGO-USDT-SWAP
Coinbase International ALGO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against OKX. 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
- −$14.28
- Price spread: 0.000% → +0.028%
- −$2.8
- Slippage, 4 orders
- −$35.95
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$73.03
- Costs to cover
- 0.560%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Coinbase International: live order book, 28 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 OKX live order book, 3 min ago | 1.78 bp | 16.0 bp −$16 | 66.0 bp −$660 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 28 min ago | 5.83 bp | 11.5 bp −$12 | 17.4 bp −$174 | 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 | 0.1130 | −0.019% | $17K | — | 150x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | 0.0000% | 1h | 0.1130 | +0.027% | $90K | $45K | 25x | as long as short |
| Coinbase International ALGO-PERP-INTXshort | +0.0032% | 1h | 0.1130 | 0.000% | $71K | $273K | 50x | |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | −0.876% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1132 | +0.163% | $3.8M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1130 | +0.014% | $45K | $40K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1130 | −0.018% | $9.9M | $34.5M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1130 | −0.027% | $11.8M | $12.4M | 75x | as long as short |
| OKX ALGO-USDT-SWAPlong | +0.0100% | 8h | 0.1130 | long leg | $2.9M | $7.8M | 50x | |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1130 | +0.009% | $896K | $862K | 50x | 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
Gate ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1130 | −0.027% | $23.0M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1129 | −0.035% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1130 | +0.009% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1129 | −0.044% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1130 | −0.011% | $62K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1130 | 0.000% | $60K | $140K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1131 | +0.097% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1129 | −0.054% | $4K | $229K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1130 | +0.009% | $490K | $894K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0344% / S −0.0313% | 1h | 0.1130 | +0.026% | $7K | — | 100x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0349% | 1h | 0.1131 | +0.063% | $837K | $1.1M | 50x | as long as short |
| dYdX ALGO-USD | +0.2330% | 1h | 0.1130 | −0.016% | $163K | $4K | 5x | as long as short |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
Kraken Futures PF_ALGOUSD
dYdX ALGO-USD