Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Phemex−0.160%7-day average −0.132% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$560.559% of the position
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 3 days (all we have)−0.034%−$3 · spread now −0.160%, 7d avg −0.132%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.028% cheaper against Phemex than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.132%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ALGOUSDT | 0.1123 | 0.0100 | pay 0.0100% / 8h | 1h 20m | $3.8M | $1.8M | 50x |
| Short | MEXC ALGO_USDT | 0.1121 | 0.0100 | get 0.0100% / 8h | 1h 20m | $23.3M | $2.8M | 200x |
Phemex ALGOUSDT
MEXC ALGO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −0.160% → −0.132%
- −$2.83
- Slippage, 4 orders
- −$43.9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$58.73
- Costs to cover
- 0.559%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; MEXC: 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 Phemex live order book, 3 min ago | 4.45 bp | 23.2 bp −$23 | 56.8 bp −$568 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.89 bp | 5.6 bp −$6 | 32.1 bp −$321 | 488.9 bp −$48.9K | 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 | −0.0463% | 1h | 0.1122 | −0.098% | $102K | $50K | 25x | as long as short |
| Injective ALGO/USDC PERP | −0.0295% | 1h | 0.1120 | −0.267% | $834 | $233K | 12x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0287% | 1h | 0.1122 | −0.050% | $836K | $1.2M | 50x | as long as short |
| Bybit ALGOUSDT | −0.0103% | 8h | 0.1120 | −0.232% | $11.3M | $12.3M | 75x | as long as short |
| Variational Omni ALGO | −0.0080% | 8h | 0.1119 | −0.369% | $65K | $10K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0056% | 1h | 0.1121 | −0.214% | $62K | $332K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1123 | −0.020% | $6K | — | 150x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1123 | +0.009% | $3.7M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1122 | −0.096% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1121 | −0.184% | $9.8M | $34.9M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Injective ALGO/USDC PERP
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDT
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1120 | −0.249% | $3.0M | $7.7M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1123 | −0.036% | $891K | $853K | 50x | as long as short |
| MEXC ALGO_USDTshort | +0.0100% | 8h | 0.1121 | −0.160% | $23.3M | $2.8M | 200x | |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1122 | −0.071% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1121 | −0.178% | $5.6M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1121 | −0.160% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1121 | −0.134% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDTlong | +0.0100% | 8h | 0.1123 | long leg | $3.8M | $1.8M | 50x | |
| Extended ALGO-USD | +0.0104% | 1h | 0.1122 | −0.111% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1122 | −0.116% | $487K | $794K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0255% / S −0.0189% | 1h | 0.1122 | −0.053% | $5K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1528% | 1h | 0.1122 | −0.084% | $161K | $3K | 5x | as long as short |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD