Funding you earn now, next payment 03:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.037%
Price spread now: Gate against Coinbase International−0.743%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$210as in the Price arb table
costs, in and out, $10k−$1371.369% of the position
Funding, last 7 days+0.359%+$36 on $10k
+Price spread, last 4 days (all we have)+0.831%+$83 · spread now −0.743%, 7d avg −0.011%
=Funding pays, the price is against you. Gate is 0.732% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.743% now, against its 7-day average of −0.011%). If the spread goes back, that is −$73 on $10k: about 4 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.359% in total) that is about 14 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ALGO-PERP-INTX | 0.1116 | 0.0080 | pay 0.0010% / 1h | 19m 06s | $88K | $289K | 50x |
| Short | Gate ALGO_USDT | 0.1108 | 0.0100 | get 0.0100% / 8h | 4h 19m | $861K | $905K | 50x |
Coinbase International ALGO-PERP-INTX
Gate ALGO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $4.2
- Price spread: −0.743% → −0.011%
- −$73.23
- Slippage, 4 orders
- −$111.86
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$205.89
- Costs to cover
- 1.369%
- Break-even
- 350.1 days
Slippage from Coinbase International: live order book, 39 min ago; Gate: live order book, 38 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, 39 min ago | 8.53 bp | 17.1 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 38 min ago | 7.59 bp | 44.9 bp −$45 | 470.9 bp −$4,709 | 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 | −0.0020% | 1h | 0.1109 | −0.627% | $88K | $44K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1110 | −0.589% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.322% | $834 | $233K | 12x | as long as short |
| Coinbase International ALGO-PERP-INTXlong | +0.0080% | 1h | 0.1116 | long leg | $88K | $289K | 50x | |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1111 | −0.511% | $3.6M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1110 | −0.584% | $44K | $38K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1109 | −0.632% | $9.6M | $34.4M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1108 | −0.717% | $11.1M | $12.6M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1109 | −0.690% | $2.8M | $7.8M | 50x | as long as short |
| Gate ALGO_USDTshort | +0.0100% | 8h | 0.1108 | −0.743% | $861K | $905K | 50x |
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1109 | −0.627% | $23.0M | $3.1M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1109 | −0.618% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1110 | −0.573% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1108 | −0.726% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1107 | −0.820% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1111 | −0.484% | $60K | $136K | 75x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1109 | −0.658% | $4K | $235K | 10x | as long as short |
| Phemex ALGOUSDT | +0.0114% | 8h | 0.1112 | −0.394% | $3.8M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1109 | −0.654% | $480K | $875K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0318% / S −0.0264% | 1h | 0.1110 | −0.609% | $6K | — | 100x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0378% | 1h | 0.1109 | −0.632% | $820K | $1.0M | 50x | as long as short |
| dYdX ALGO-USD | +0.0876% | 1h | 0.1110 | −0.597% | $160K | $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
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
Kraken Futures PF_ALGOUSD
dYdX ALGO-USD