data as of
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Funding arb /

ALGO

all ALGO markets
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Funding spread now, next payment 19:00 UTC+0.0225%/8h
paid, last 24h+0.138%paid, last 7 days+1.248%to open and closeno order book
Long on DeribitShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit ALGO_USDC-PERPETUAL0.1111−0.0110get 0.0014% / 1h1m 43s$101K$54K25x
ShortPhemex ALGOUSDT0.11130.0115get 0.0115% / 8h5h 01m$3.8M$1.8M50x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$47.15
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Phemex: 6 bp × 2 orders
−$12
Net
$28.15
Break-even
2.8 days
Slippage unknown: Deribit: live order book, 49 min ago; Phemex: live order book, 3 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.162%
Avg gap 7d
+0.151%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 49 min ago4.95 bp20.1 bp −$20doesn't fitdoesn't fitdoesn't fit
Sell Phemex live order book, 3 min ago4.49 bp30.6 bp −$3171.8 bp −$718doesn't fitdoesn't fit

ALGO on 22 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_ALGOUSD−0.0373%1h$817K$1.2M50xas long as short
Bybit ALGOUSDT−0.0129%8h$11.2M$12.5M75xas long as short
Deribit ALGO_USDC-PERPETUALlong−0.0110%1h$101K$54K25x
Variational Omni ALGO−0.0008%8h$65K$13K—as long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h$7K—150xas long as short
Coinbase International ALGO-PERP-INTX+0.0032%1h$61K$358K50xas long as short
Injective ALGO/USDC PERP+0.0033%1h$841$81K12xas long as short
Hyperliquid ALGO+0.0100%1h$3.6M$2.1M5xas long as short
Aster ALGOUSDT+0.0100%8h$44K$73K5xas long as short
Binance ALGOUSDT+0.0100%8h$9.9M$35.5M75xas long as short
Show all 22 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
OKX ALGO-USDT-SWAP+0.0100%8h$3.0M$8.1M50xas long as short
Gate ALGO_USDT+0.0100%8h$840K$818K50xas long as short
MEXC ALGO_USDT+0.0100%8h$22.3M$3.2M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h$3.6M$1.6M50xas long as short
Bitget ALGOUSDT+0.0100%8h$5.6M$3.7M75xas long as short
BingX ALGO-USDT+0.0100%8h—$3.1M—as long as short
HTX ALGO-USDT+0.0100%8h$67K$111K75xas long as short
Extended ALGO-USD+0.0104%1h$7K$210K10xas long as short
Phemex ALGOUSDTshort+0.0115%8h$3.8M$1.8M50x
GMX ALGO/USD [WBTC.b-USDC]L +0.0153% / S −0.0077%1h$5K—100xas long as short
BloFin ALGO-USDT+0.0220%8h$491K$801K75xas long as short
dYdX ALGO-USD+0.4575%1h$159K$6K5xas long as short