Funding you earn now, next payment 10:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.022%
Price spread now: Binance against Coinbase International−0.588%7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$520.519% of the position
Funding, last 7 days+0.322%+$32 on $10k
+Price spread, last 4 days (all we have)+0.715%+$72 · spread now −0.588%, 7d avg +0.023%
=Funding pays, the price is against you. Binance is 0.611% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.588% now, against its 7-day average of +0.023%). If the spread goes back, that is −$61 on $10k: about 6 months of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.322% in total) that is about 13 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ALGO-PERP-INTX | 0.1105 | 0.0088 | pay 0.0011% / 1h | 51m 10s | $63K | $176K | 50x |
| Short | Binance ALGOUSDT | 0.1099 | 0.0100 | get 0.0100% / 8h | 5h 51m | $9.2M | $33.7M | 75x |
Coinbase International ALGO-PERP-INTX
Binance ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Coinbase International. 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
- $2.52
- Price spread: −0.588% → +0.023%
- −$61.15
- Slippage, 4 orders
- −$31.89
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$110.52
- Costs to cover
- 0.519%
- Break-even
- 314.0 days
Slippage from Coinbase International: live order book, 59 min ago; Binance: live order book, 14 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 Coinbase International live order book, 59 min ago | 5.88 bp | 11.8 bp −$12 | 17.5 bp −$175 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.91 bp | 13.6 bp −$14 | 37.0 bp −$370 | doesn't fit | doesn't fit |
ALGO on 22 exchanges
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 | −0.0478% | 1h | 0.1099 | −0.624% | $87K | $42K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0312% | 1h | 0.1099 | −0.571% | $808K | $1.1M | 50x | as long as short |
| Bybit ALGOUSDT | −0.0308% | 8h | 0.1098 | −0.688% | $10.6M | $13.3M | 75x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1102 | −0.338% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.321% | $834 | $233K | 12x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0034% | 8h | 0.1099 | −0.624% | $2.6M | $7.8M | 50x | as long as short |
| Variational Omni ALGO | +0.0037% | 8h | 0.1101 | −0.405% | $59K | $13K | — | as long as short |
| Coinbase International ALGO-PERP-INTXlong | +0.0088% | 1h | 0.1105 | long leg | $63K | $176K | 50x | |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1100 | −0.478% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1100 | −0.504% | $44K | $37K | 5x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDT
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
OKX ALGO-USDT-SWAP
Variational Omni ALGO
Hyperliquid ALGO
Aster ALGOUSDTShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ALGOUSDTshort | +0.0100% | 8h | 0.1099 | −0.588% | $9.2M | $33.7M | 75x | |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1099 | −0.579% | $828K | $880K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1099 | −0.597% | $23.5M | $3.2M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1099 | −0.552% | $3.4M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1099 | −0.579% | $5.4M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1099 | −0.615% | — | $3.4M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1099 | −0.624% | $57K | $129K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1101 | −0.398% | $3.7M | $1.7M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1098 | −0.668% | $4K | $179K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1098 | −0.678% | $472K | $808K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0321% / S −0.0273% | 1h | 0.1099 | −0.555% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1202% | 1h | 0.1100 | −0.492% | $159K | $5K | 5x | as long as short |
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD