Funding you earn now, next payment 22:00 UTC−0.0834%/8h= −91.3% APRpaid last 24h −0.130%
Price spread now: Deribit against Gate−0.036%7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$245as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1281.280% of the position
Funding, last 7 days−1.166%−$117 on $10k
+Price spread, last 3 days (all we have)+0.199%+$20 · spread now −0.036%, 7d avg +0.035%
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Deribit is 0.071% cheaper against Gate than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.035%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ALGO_USDT | 0.1117 | 0.0100 | pay 0.0100% / 8h | 2h 00m | $878K | $867K | 50x |
| Short | Deribit ALGO_USDC-PERPETUAL | 0.1116 | −0.0734 | pay 0.0092% / 1h | 0m 22s | $101K | $50K | 25x |
Gate ALGO_USDT
Deribit ALGO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Gate. 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
- −$175.14
- Price spread: −0.036% → +0.035%
- −$7.08
- Slippage, 4 orders
- −$105.96
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$310.18
- Costs to cover
- 1.280%
- Break-even
- never at this rate
Slippage from Gate: live order book, 21 min ago; Deribit: live order book, 23 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 Gate live order book, 21 min ago | 4.90 bp | 53.3 bp −$53 | 342.3 bp −$3,423 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 23 min ago | 7.57 bp | 12.0 bp −$12 | 21.1 bp −$211 | 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-PERPETUALshort | −0.0734% | 1h | 0.1116 | −0.036% | $101K | $50K | 25x | |
| Injective ALGO/USDC PERP | −0.0212% | 1h | 0.1117 | +0.027% | $832 | $202K | 12x | as long as short |
| Bybit ALGOUSDT | −0.0133% | 8h | 0.1116 | −0.063% | $11.3M | $12.3M | 75x | as long as short |
| Variational Omni ALGO | −0.0095% | 8h | 0.1116 | −0.071% | $65K | $10K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1118 | +0.134% | $62K | $331K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1118 | +0.108% | $6K | — | 150x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0093% | 1h | 0.1117 | +0.018% | $839K | $1.2M | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1118 | +0.097% | $3.7M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1117 | +0.006% | $44K | $31K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1116 | −0.027% | $9.9M | $34.8M | 75x | as long as short |
Injective ALGO/USDC PERP
Bybit ALGOUSDT
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Kraken Futures PF_ALGOUSD
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1116 | −0.063% | $3.0M | $7.7M | 50x | as long as short |
| Gate ALGO_USDTlong | +0.0100% | 8h | 0.1117 | long leg | $878K | $867K | 50x | |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1117 | −0.009% | $23.0M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1116 | −0.045% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1117 | +0.027% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1116 | −0.072% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1117 | +0.027% | $66K | $108K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1118 | +0.116% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1116 | −0.066% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1117 | +0.027% | $491K | $793K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0237% / S −0.0158% | 1h | 0.1117 | +0.064% | $5K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1280% | 1h | 0.1118 | +0.110% | $160K | $5K | 5x | as long as short |
OKX ALGO-USDT-SWAP
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD