Funding you earn now, next payment 02:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.039%
Price spread now: MEXC against Coinbase International−0.309%7-day average +0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$350.351% of the position
Funding, last 7 days+0.336%+$34 on $10k
+Price spread, last 4 days (all we have)+0.565%+$57 · spread now −0.309%, 7d avg +0.042%
=Funding pays, the price is against you. MEXC is 0.352% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.309% now, against its 7-day average of +0.042%). If the spread goes back, that is −$35 on $10k: about 17 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.336% in total) that is about 7.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ALGO-PERP-INTX | 0.1131 | 0.0032 | pay 0.0004% / 1h | 27m 06s | $70K | $275K | 50x |
| Short | MEXC ALGO_USDT | 0.1128 | 0.0100 | get 0.0100% / 8h | 5h 27m | $23.1M | $3.0M | 200x |
Coinbase International ALGO-PERP-INTX
MEXC ALGO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $14.28
- Price spread: −0.309% → +0.042%
- −$35.18
- Slippage, 4 orders
- −$25.14
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$56.04
- Costs to cover
- 0.351%
- Break-even
- 34.5 days
Slippage from Coinbase International: live order book, 36 min ago; MEXC: live order book, 2 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, 36 min ago | 5.83 bp | 14.4 bp −$14 | 21.6 bp −$216 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 3.10 bp | 4.0 bp −$4 | 35.1 bp −$351 | 522.3 bp −$52.2K | 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 | −0.0282% | 1h | 0.1128 | −0.301% | $90K | $44K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1128 | −0.265% | $17K | — | 150x | as long as short |
| Coinbase International ALGO-PERP-INTXlong | +0.0032% | 1h | 0.1131 | long leg | $70K | $275K | 50x | |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | −1.008% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1130 | −0.159% | $3.8M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1128 | −0.295% | $45K | $40K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1128 | −0.341% | $9.9M | $34.6M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1128 | −0.309% | $11.8M | $12.4M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1128 | −0.309% | $2.9M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1128 | −0.292% | $885K | $871K | 50x | as long as short |
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
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_USDTshort | +0.0100% | 8h | 0.1128 | −0.309% | $23.1M | $3.0M | 200x | |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1129 | −0.239% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1128 | −0.301% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1128 | −0.309% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1132 | +0.059% | $62K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1127 | −0.380% | $60K | $140K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1131 | −0.035% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1128 | −0.314% | $4K | $230K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1128 | −0.345% | $490K | $917K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0344% / S −0.0313% | 1h | 0.1129 | −0.248% | $7K | — | 100x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0350% | 1h | 0.1128 | −0.316% | $834K | $1.1M | 50x | as long as short |
| dYdX ALGO-USD | +0.2324% | 1h | 0.1128 | −0.298% | $163K | $4K | 5x | as long as short |
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
Kraken Futures PF_ALGOUSD
dYdX ALGO-USD