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: Bitget against Phemex0.000%7-day average −0.139% · you sell dearer than you buy
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1211.213% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)−0.307%−$31 · spread now 0.000%, 7d avg −0.139%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.139% dearer against Phemex than usual: you sell high and buy low, +$14 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 | Phemex ALGOUSDT | 0.1118 | 0.0100 | pay 0.0100% / 8h | 7h 22m | $3.8M | $1.8M | 50x |
| Short | Bitget ALGOUSDT | 0.1118 | 0.0100 | get 0.0100% / 8h | 7h 22m | $5.5M | $3.5M | 75x |
Phemex ALGOUSDT
Bitget ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Phemex. 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: 0.000% → −0.139%
- $13.89
- Slippage, 4 orders
- −$97.28
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$107.4
- Costs to cover
- 1.213%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 6 min ago; Bitget: live order book, 5 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 Phemex live order book, 6 min ago | 9.00 bp | 31.8 bp −$32 | 66.5 bp −$665 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 4.50 bp | 18.5 bp −$18 | 52.5 bp −$525 | 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 | −0.0025% | 1h | 0.1118 | −0.029% | $831K | $1.1M | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1117 | −0.097% | $16K | — | 150x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | 0.0000% | 1h | 0.1117 | −0.063% | $88K | $45K | 25x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.179% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1118 | 0.000% | $3.4M | $2.4M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.012% | $44K | $37K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1118 | +0.023% | $9.6M | $34.5M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.036% | $11.2M | $13.1M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1118 | −0.009% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1118 | −0.027% | $841K | $919K | 50x | as long as short |
Kraken Futures PF_ALGOUSD
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_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1118 | +0.018% | $23.7M | $3.3M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1119 | +0.063% | $3.4M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDTshort | +0.0100% | 8h | 0.1118 | 0.000% | $5.5M | $3.5M | 75x | |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1118 | −0.027% | — | $3.4M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1108 | −0.914% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1117 | −0.098% | $58K | $137K | 75x | as long as short |
| Phemex ALGOUSDTlong | +0.0100% | 8h | 0.1118 | long leg | $3.8M | $1.8M | 50x | |
| Extended ALGO-USD | +0.0104% | 1h | 0.1118 | −0.004% | $7K | $198K | 10x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0144% | 1h | 0.1119 | +0.125% | $63K | $195K | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1115 | −0.268% | $481K | $835K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0319% / S −0.0264% | 1h | 0.1117 | −0.053% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1496% | 1h | 0.1119 | +0.081% | $162K | $6K | 5x | as long as short |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
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