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 Bitget+0.090%56s7-day average +0.136% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as 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−$990.992% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 3 days (all we have)+0.097%+$10 · spread now +0.090%, 7d avg +0.136%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.046% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.136%. The two prices were read 56 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 | Bitget ALGOUSDT | 0.1113 | 0.0100 | pay 0.0100% / 8h | 5h 53m | $5.6M | $3.6M | 75x |
| Short | Phemex ALGOUSDT | 0.1114 | 0.0100 | get 0.0100% / 8h | 5h 53m | $3.8M | $1.8M | 50x |
Bitget ALGOUSDT
Phemex ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bitget. 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: +0.090% → +0.136%
- −$4.64
- Slippage, 4 orders
- −$75.19
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$103.83
- Costs to cover
- 0.992%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Phemex: 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 Bitget live order book, 5 min ago | 4.52 bp | 25.5 bp −$25 | 64.7 bp −$647 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 4.49 bp | 28.2 bp −$28 | 70.4 bp −$704 | doesn't fit | doesn't fit |
ALGO on 21 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 | −0.0200% | 1h | 0.1111 | −0.198% | $101K | $49K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1113 | −0.023% | $17K | — | 150x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0032% | 1h | 0.1114 | +0.054% | $70K | $281K | 50x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.629% | $834 | $233K | 12x | as long as short |
| Variational Omni ALGO | +0.0076% | 8h | 0.1114 | +0.087% | $60K | $12K | — | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1112 | −0.076% | $44K | $41K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1113 | −0.017% | $9.8M | $34.5M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1113 | −0.018% | $11.4M | $12.2M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1114 | +0.045% | $2.9M | $7.7M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1111 | −0.162% | $870K | $847K | 50x | as long as short |
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Coinbase International ALGO-PERP-INTX
Injective ALGO/USDC PERP
Variational Omni ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1113 | −0.009% | $22.7M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1112 | −0.117% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDTlong | +0.0100% | 8h | 0.1113 | long leg | $5.6M | $3.6M | 75x | |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1113 | −0.018% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1112 | −0.117% | $60K | $140K | 75x | as long as short |
| Phemex ALGOUSDTshort | +0.0100% | 8h | 0.1114 | +0.090% | $3.8M | $1.8M | 50x | |
| Extended ALGO-USD | +0.0104% | 1h | 0.1111 | −0.135% | $4K | $229K | 10x | as long as short |
| Hyperliquid ALGO | +0.0112% | 1h | 0.1114 | +0.090% | $3.7M | $2.0M | 5x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0342% / S −0.0313% | 1h | 0.1113 | +0.033% | $7K | — | 100x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0355% | 1h | 0.1112 | −0.077% | $824K | $1.1M | 50x | as long as short |
| dYdX ALGO-USD | +0.1915% | 1h | 0.1111 | −0.147% | $160K | $4K | 5x | as long as short |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
BingX ALGO-USDT
HTX ALGO-USDT
Extended ALGO-USD
Hyperliquid ALGO
GMX ALGO/USD [WBTC.b-USDC]
Kraken Futures PF_ALGOUSD
dYdX ALGO-USD