Funding you earn now, next payment 08:00 UTC+0.0095%/8h= +10.4% APRnext payment +$0.95 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against Phemex−0.417%59s7-day average −0.162% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as 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−$860.858% of the position
Funding, last 7 days+0.165%+$17 on $10k
+Price spread, last 4 days (all we have)+0.312%+$31 · spread now −0.417%, 7d avg −0.162%
=Funding pays, the price is against you. BloFin is 0.254% cheaper against Phemex than usual: you would sell low and buy high (spread −0.417% now, against its 7-day average of −0.162%). If the spread goes back, that is −$25 on $10k: about 8.9 days of funding at the current rate (+$3 a day). The two prices were read 59 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 | Phemex ALGOUSDT | 0.1104 | 0.0125 | pay 0.0125% / 8h | 2h 13m | $3.7M | $1.8M | 50x |
| Short | BloFin ALGO-USDT | 0.1099 | 0.0220 | get 0.0220% / 8h | 2h 13m | $467K | $882K | 75x |
Phemex ALGOUSDT
BloFin ALGO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $20.02
- Price spread: −0.417% → −0.162%
- −$25.43
- Slippage, 4 orders
- −$61.76
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$91.17
- Costs to cover
- 0.858%
- Break-even
- 38.9 days
Slippage from Phemex: live order book, 5 min ago; BloFin: live order book, 13 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, 5 min ago | 13.59 bp | 26.2 bp −$26 | 64.7 bp −$647 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 13 min ago | 2.76 bp | 11.4 bp −$11 | 22.4 bp −$224 | 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 | 0.1102 | −0.174% | $16K | — | 150x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | 0.0000% | 1h | 0.1102 | −0.145% | $87K | $44K | 25x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.449% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1103 | −0.127% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1102 | −0.210% | $44K | $37K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1102 | −0.210% | $9.4M | $34.6M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1101 | −0.281% | $11.0M | $12.6M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1101 | −0.272% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1100 | −0.362% | $832K | $933K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1101 | −0.226% | $22.8M | $3.2M | 200x | 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
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1101 | −0.226% | $3.4M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1103 | −0.091% | $5.4M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1101 | −0.245% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1097 | −0.673% | $60K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1100 | −0.371% | $59K | $135K | 75x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1101 | −0.231% | $7K | $196K | 10x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0112% | 1h | 0.1103 | −0.133% | $819K | $1.1M | 50x | as long as short |
| Phemex ALGOUSDTlong | +0.0125% | 8h | 0.1104 | long leg | $3.7M | $1.8M | 50x | |
| Coinbase International ALGO-PERP-INTX | +0.0144% | 1h | 0.1102 | −0.154% | $62K | $247K | 50x | as long as short |
| BloFin ALGO-USDTshort | +0.0220% | 8h | 0.1099 | −0.417% | $467K | $882K | 75x | |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0317% / S −0.0264% | 1h | 0.1102 | −0.184% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1388% | 1h | 0.1102 | −0.185% | $159K | $5K | 5x | as long as short |
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Extended ALGO-USD
Kraken Futures PF_ALGOUSD
Coinbase International ALGO-PERP-INTX
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD