Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against OKX+0.200%7-day average +0.205% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$880.880% of the position
Funding, last 7 days+0.134%+$13 on $10k
+Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.200%, 7d avg +0.205%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ALGO-USDT-SWAP | 0.1102 | 0.0100 | pay 0.0100% / 8h | 1h 31m | $2.7M | $7.8M | 50x |
| Short | Phemex ALGOUSDT | 0.1104 | 0.0100 | get 0.0100% / 8h | 1h 31m | $3.7M | $1.8M | 50x |
OKX ALGO-USDT-SWAP
Phemex ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: +0.200% → +0.205%
- −$0.51
- Slippage, 4 orders
- −$65.97
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$88.48
- Costs to cover
- 0.880%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; Phemex: live order book, 2 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, 1 min ago | 1.36 bp | 16.8 bp −$17 | 58.4 bp −$584 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 9.05 bp | 26.0 bp −$26 | 62.8 bp −$628 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALGOUSD | −0.0274% | 1h | 0.1102 | +0.049% | $819K | $1.1M | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0113% | 1h | 0.1102 | +0.009% | $87K | $45K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1103 | +0.073% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.652% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1103 | +0.109% | $3.3M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1102 | +0.010% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1101 | −0.033% | $9.4M | $34.6M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1101 | −0.064% | $10.9M | $12.7M | 75x | as long as short |
| OKX ALGO-USDT-SWAPlong | +0.0100% | 8h | 0.1102 | long leg | $2.7M | $7.8M | 50x | |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1100 | −0.127% | $832K | $943K | 50x | as long as short |
Kraken Futures PF_ALGOUSD
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
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 | 0.1101 | −0.027% | $23.0M | $3.2M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1102 | −0.009% | $3.5M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1102 | +0.018% | $5.4M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1101 | −0.027% | — | $3.4M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1098 | −0.353% | $60K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1103 | +0.091% | $60K | $135K | 75x | as long as short |
| Phemex ALGOUSDTshort | +0.0100% | 8h | 0.1104 | +0.200% | $3.7M | $1.8M | 50x | |
| Extended ALGO-USD | +0.0104% | 1h | 0.1101 | −0.051% | $4K | $198K | 10x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0136% | 1h | 0.1106 | +0.390% | $62K | $242K | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1102 | +0.009% | $470K | $869K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0318% / S −0.0264% | 1h | 0.1102 | +0.031% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.0901% | 1h | 0.1102 | +0.058% | $159K | $5K | 5x | as long as short |
MEXC ALGO_USDT
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