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: OKX against Phemex−0.223%7-day average −0.206% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$810.805% of the position
Funding, last 7 days−0.134%−$13 on $10k
+Price spread, last 4 days (all we have)−0.094%−$9 · spread now −0.223%, 7d avg −0.206%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ALGOUSDT | 0.1119 | 0.0100 | pay 0.0100% / 8h | 7h 47m | $3.8M | $1.8M | 50x |
| Short | OKX ALGO-USDT-SWAP | 0.1116 | 0.0100 | get 0.0100% / 8h | 7h 47m | $2.7M | $7.9M | 50x |
Phemex ALGOUSDT
OKX ALGO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.223% → −0.206%
- −$1.75
- Slippage, 4 orders
- −$58.54
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$82.29
- Costs to cover
- 0.805%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 6 min ago; OKX: 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 | 8.95 bp | 25.0 bp −$25 | 62.2 bp −$622 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.90 bp | 12.7 bp −$13 | 59.7 bp −$597 | 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 | 0.1119 | +0.036% | $832K | $1.1M | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1117 | −0.188% | $16K | — | 150x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | 0.0000% | 1h | 0.1118 | −0.089% | $88K | $46K | 25x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.089% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1118 | −0.107% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1119 | −0.022% | $44K | $37K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.056% | $9.6M | $34.6M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1117 | −0.188% | $11.2M | $13.0M | 75x | as long as short |
| OKX ALGO-USDT-SWAPshort | +0.0100% | 8h | 0.1116 | −0.223% | $2.7M | $7.9M | 50x | |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1118 | −0.098% | $841K | $918K | 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
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 | 0.1116 | −0.232% | $23.5M | $3.2M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1117 | −0.161% | $3.4M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.089% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1119 | −0.036% | — | $3.4M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1115 | −0.352% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1117 | −0.188% | $58K | $137K | 75x | as long as short |
| Phemex ALGOUSDTlong | +0.0100% | 8h | 0.1119 | long leg | $3.8M | $1.8M | 50x | |
| Extended ALGO-USD | +0.0104% | 1h | 0.1118 | −0.068% | $7K | $198K | 10x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0144% | 1h | 0.1119 | −0.045% | $63K | $195K | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1113 | −0.509% | $476K | $834K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0323% / S −0.0272% | 1h | 0.1118 | −0.085% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1070% | 1h | 0.1120 | +0.072% | $161K | $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