Funding you earn now, next payment 00:00 UTC+0.0322%/8h= +35.3% APRpaid last 24h +0.075%
Price spread now: BloFin against Coinbase International−0.098%58s7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs+$9as 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−$500.500% of the position
Funding, last 7 days+0.588%+$59 on $10k
+Price spread, last 3 days (all we have)+0.211%+$21 · spread now −0.098%, 7d avg +0.036%
=Funding pays, the price is against you. BloFin is 0.134% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.098% now, against its 7-day average of +0.036%). If the spread goes back, that is −$13 on $10k: about 33 hours of funding at the current rate (+$10 a day). The two prices were read 58 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 | Coinbase International ALGO-PERP-INTX | 0.1123 | −0.0104 | get 0.0013% / 1h | 52m 20s | $67K | $301K | 50x |
| Short | BloFin ALGO-USDT | 0.1122 | 0.0218 | get 0.0218% / 8h | 7h 52m | $492K | $792K | 75x |
Coinbase International ALGO-PERP-INTX
BloFin ALGO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $67.64
- Price spread: −0.098% → +0.036%
- −$13.38
- Slippage, 4 orders
- −$27.95
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $4.31
- Costs to cover
- 0.500%
- Break-even
- 6.6 days
Slippage from Coinbase International: live order book, 21 min ago; BloFin: live order book, 19 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, 21 min ago | 8.46 bp | 14.3 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 19 min ago | 0.89 bp | 9.7 bp −$10 | 21.3 bp −$213 | 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 | −0.0733% | 1h | 0.1118 | −0.454% | $101K | $50K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0567% | 1h | 0.1118 | −0.493% | $832K | $1.1M | 50x | as long as short |
| Bybit ALGOUSDT | −0.0247% | 8h | 0.1116 | −0.641% | $11.2M | $12.0M | 75x | as long as short |
| Variational Omni ALGO | −0.0135% | 8h | 0.1122 | −0.143% | $62K | $12K | — | as long as short |
| Coinbase International ALGO-PERP-INTXlong | −0.0104% | 1h | 0.1123 | long leg | $67K | $301K | 50x | |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1121 | −0.223% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | −0.285% | $834 | $233K | 12x | as long as short |
| Extended ALGO-USD | +0.0096% | 1h | 0.1119 | −0.378% | $6K | $217K | 10x | as long as short |
| MEXC ALGO_USDT | +0.0098% | 8h | 0.1120 | −0.267% | $23.0M | $2.9M | 200x | as long as short |
| Binance ALGOUSDT | +0.0098% | 8h | 0.1117 | −0.546% | $9.9M | $34.4M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDT
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Extended ALGO-USD
MEXC ALGO_USDT
Binance ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ALGO | +0.0100% | 1h | 0.1121 | −0.205% | $3.7M | $1.8M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1121 | −0.222% | $44K | $38K | 5x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1118 | −0.445% | $3.0M | $7.5M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1121 | −0.187% | $881K | $809K | 50x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1121 | −0.223% | $3.6M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.463% | $5.6M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1120 | −0.321% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1122 | −0.125% | $66K | $108K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1119 | −0.374% | $3.8M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDTshort | +0.0218% | 8h | 0.1122 | −0.098% | $492K | $792K | 75x | |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0338% / S −0.0344% | 1h | 0.1120 | −0.261% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1310% | 1h | 0.1123 | −0.034% | $161K | $3K | 5x | as long as short |
Hyperliquid ALGO
Aster ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD