Funding you earn now, next payment 04:00 UTC−0.0332%/8h= −36.4% APRpaid last 24h −0.159%
Price spread now: Deribit against BloFin+0.072%57s7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$191as 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−$560.559% of the position
Funding, last 7 days−1.352%−$135 on $10k
+Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.072%, 7d avg +0.008%
=The price spread pays, funding is against you. Deribit is 0.064% dearer against BloFin than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of +0.008%): +$6 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 15 hours. The two prices were read 57 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 | 0.1105 | 0.0220 | pay 0.0220% / 8h | 4h 38m | $481K | $875K | 75x |
| Short | Deribit ALGO_USDC-PERPETUAL | 0.1106 | −0.0112 | pay 0.0014% / 1h | 38m 09s | $88K | $44K | 25x |
BloFin ALGO-USDT
Deribit ALGO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$69.72
- Price spread: +0.072% → +0.008%
- $6.4
- Slippage, 4 orders
- −$36.92
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$119.24
- Costs to cover
- 0.559%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 64 min ago; Deribit: live order book, 85 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, 64 min ago | 0.45 bp | 13.9 bp −$14 | 34.7 bp −$347 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 85 min ago | 7.63 bp | 17.3 bp −$17 | 23.9 bp −$239 | 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-PERPETUALshort | −0.0112% | 1h | 0.1106 | +0.072% | $88K | $44K | 25x | |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1106 | +0.109% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.357% | $834 | $233K | 12x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0080% | 1h | 0.1116 | +1.032% | $88K | $291K | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1105 | −0.009% | $3.6M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1107 | +0.166% | $44K | $38K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1104 | −0.110% | $9.7M | $34.7M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1102 | −0.253% | $11.2M | $12.6M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1103 | −0.172% | $2.8M | $7.7M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1104 | −0.090% | $855K | $886K | 50x | as long as short |
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Coinbase International ALGO-PERP-INTX
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
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 | 0.1104 | −0.127% | $22.9M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1106 | +0.109% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1103 | −0.181% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1103 | −0.145% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1109 | +0.330% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1106 | +0.109% | $59K | $140K | 75x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1105 | +0.011% | $4K | $227K | 10x | as long as short |
| Phemex ALGOUSDT | +0.0130% | 8h | 0.1107 | +0.181% | $3.7M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDTlong | +0.0220% | 8h | 0.1105 | long leg | $481K | $875K | 75x | |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0342% / S −0.0313% | 1h | 0.1106 | +0.132% | $7K | — | 100x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0379% | 1h | 0.1106 | +0.100% | $816K | $1.0M | 50x | as long as short |
| dYdX ALGO-USD | +0.1386% | 1h | 0.1105 | −0.018% | $159K | $4K | 5x | as long as short |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Extended ALGO-USD
Phemex ALGOUSDT
GMX ALGO/USD [WBTC.b-USDC]
Kraken Futures PF_ALGOUSD
dYdX ALGO-USD