Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: Binance against BloFin+0.241%91s7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as 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−$500.498% of the position
Funding, last 7 days−0.252%−$25 on $10k
+Price spread, last 3 days (all we have)−0.303%−$30 · spread now +0.241%, 7d avg +0.025%
=The price spread pays, funding is against you. Binance is 0.216% dearer against BloFin than usual: you sell high and buy low (spread +0.241% now, against its 7-day average of +0.025%): +$22 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 6.0 days. The two prices were read 91 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 | BloFin ALGO-USDT | 0.1128 | 0.0220 | pay 0.0220% / 8h | 45m 38s | $489K | $797K | 75x |
| Short | Binance ALGOUSDT | 0.1130 | 0.0100 | get 0.0100% / 8h | 45m 38s | $10.0M | $34.7M | 75x |
BloFin ALGO-USDT
Binance ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$25.2
- Price spread: +0.241% → +0.025%
- $21.62
- Slippage, 4 orders
- −$27.84
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$53.42
- Costs to cover
- 0.498%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 31 min ago; Binance: live order book, 11 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 BloFin live order book, 31 min ago | 0.45 bp | 8.6 bp −$9 | 16.5 bp −$165 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.89 bp | 13.0 bp −$13 | 33.1 bp −$331 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALGO_USDC-PERPETUAL | −0.0369% | 1h | 0.1131 | +0.257% | $102K | $50K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0157% | 1h | 0.1131 | +0.285% | $841K | $1.2M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0112% | 1h | 0.1121 | −0.630% | $62K | $332K | 50x | as long as short |
| Bybit ALGOUSDT | −0.0098% | 8h | 0.1129 | +0.160% | $11.3M | $12.2M | 75x | as long as short |
| Variational Omni ALGO | −0.0080% | 8h | 0.1127 | −0.088% | $65K | $10K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1131 | +0.293% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0026% | 1h | 0.1120 | −0.683% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1133 | +0.461% | $3.8M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1131 | +0.248% | $45K | $36K | 5x | as long as short |
| Binance ALGOUSDTshort | +0.0100% | 8h | 0.1130 | +0.241% | $10.0M | $34.7M | 75x |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
Coinbase International ALGO-PERP-INTX
Bybit ALGOUSDT
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster 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 | 0.1129 | +0.151% | $3.0M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1130 | +0.168% | $891K | $834K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1130 | +0.231% | $23.2M | $2.9M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1131 | +0.293% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1131 | +0.293% | $5.7M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1130 | +0.186% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1129 | +0.106% | $67K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1132 | +0.381% | $3.9M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1130 | +0.222% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDTlong | +0.0220% | 8h | 0.1128 | long leg | $489K | $797K | 75x | |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0314% / S −0.0298% | 1h | 0.1131 | +0.295% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1610% | 1h | 0.1131 | +0.272% | $162K | $3K | 5x | as long as short |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD