Funding you earn now, next payment 02:00 UTC+0.0136%/8h= +14.9% APRnext payment +$0.17 per $10,000 · paid last 24h +0.085%
Price spread now: Coinbase International against Deribit+0.080%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs+$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$570.571% of the position
Funding, last 7 days+0.775%+$78 on $10k
+Price spread, last 4 days (all we have)−0.549%−$55 · spread now +0.080%, 7d avg −0.021%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.101% dearer against Deribit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ALGO_USDC-PERPETUAL | 0.1130 | −0.0104 | get 0.0013% / 1h | 28m 43s | $90K | $51K | 25x |
| Short | Coinbase International ALGO-PERP-INTX | 0.1131 | 0.0032 | get 0.0004% / 1h | 28m 43s | $70K | $275K | 50x |
Deribit ALGO_USDC-PERPETUAL
Coinbase International ALGO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Deribit. 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
- $28.56
- Price spread: +0.080% → −0.021%
- $10.07
- Slippage, 4 orders
- −$40.05
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$18.42
- Costs to cover
- 0.571%
- Break-even
- 11.5 days
Slippage from Deribit: live order book, 35 min ago; Coinbase International: live order book, 34 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 Deribit live order book, 35 min ago | 7.63 bp | 13.8 bp −$14 | 27.1 bp −$271 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 34 min ago | 5.83 bp | 11.5 bp −$12 | 17.4 bp −$174 | 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-PERPETUALlong | −0.0104% | 1h | 0.1130 | long leg | $90K | $51K | 25x | |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1131 | +0.044% | $17K | — | 150x | as long as short |
| Coinbase International ALGO-PERP-INTXshort | +0.0032% | 1h | 0.1131 | +0.080% | $70K | $275K | 50x | |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | −0.929% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1132 | +0.115% | $3.8M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1130 | −0.062% | $45K | $40K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1129 | −0.112% | $9.9M | $34.6M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1129 | −0.106% | $11.8M | $12.4M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1129 | −0.124% | $2.9M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1130 | −0.035% | $887K | $871K | 50x | as long as short |
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_USDT | +0.0100% | 8h | 0.1129 | −0.106% | $23.0M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1131 | +0.009% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1130 | −0.044% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1130 | −0.062% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1132 | +0.139% | $62K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1131 | +0.071% | $61K | $140K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1132 | +0.133% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1129 | −0.144% | $4K | $230K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1132 | +0.088% | $490K | $920K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0344% / S −0.0313% | 1h | 0.1131 | +0.034% | $7K | — | 100x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0349% | 1h | 0.1130 | −0.014% | $836K | $1.1M | 50x | as long as short |
| dYdX ALGO-USD | +0.2375% | 1h | 0.1130 | −0.015% | $163K | $4K | 5x | as long as short |
MEXC ALGO_USDT
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