Funding you earn now, next payment 08:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h −0.026%
Price spread now: Coinbase International against HTX+1.065%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs+$18as in the Price arb table
costs, in and out, $10k−$870.866% of the position
Funding, last 7 days−0.409%−$41 on $10k
+Price spread, last 4 days (all we have)−1.455%−$146 · spread now +1.065%, 7d avg +0.017%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 1.048% dearer against HTX than usual: you sell high and buy low: +$105 more if the spread goes back to its 7-day average of +0.017%. Mind the row above: over the last 7 days funding on this pair cost −0.409%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX ALGO-USDT | 0.1108 | 0.0100 | pay 0.0100% / 8h | 7h 27m | $58K | $137K | 75x |
| Short | Coinbase International ALGO-PERP-INTX | 0.1119 | 0.0144 | get 0.0018% / 1h | 27m 51s | $63K | $195K | 50x |
HTX ALGO-USDT
Coinbase International ALGO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against HTX. 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
- $9.24
- Price spread: +1.065% → +0.017%
- $104.79
- Slippage, 4 orders
- −$64.57
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $27.45
- Costs to cover
- 0.866%
- Break-even
- from the start
Slippage from HTX: live order book, 3 min ago; Coinbase International: live order book, 5 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 HTX live order book, 3 min ago | 9.03 bp | 31.1 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 6.76 bp | 17.1 bp −$17 | 24.0 bp −$240 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALGOUSD | −0.0025% | 1h | 0.1111 | +0.275% | $826K | $1.1M | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0020% | 1h | 0.1110 | +0.181% | $87K | $46K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1109 | +0.120% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.120% | $834 | $233K | 12x | as long as short |
| Bybit ALGOUSDT | +0.0050% | 8h | 0.1110 | +0.208% | $11.1M | $13.1M | 75x | as long as short |
| Gate ALGO_USDT | +0.0065% | 8h | 0.1110 | +0.235% | $836K | $919K | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1112 | +0.415% | $3.4M | $2.4M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1111 | +0.282% | $44K | $37K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1111 | +0.330% | $9.5M | $34.6M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1111 | +0.289% | $2.7M | $7.8M | 50x | as long as short |
Kraken Futures PF_ALGOUSD
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Bybit ALGOUSDT
Gate ALGO_USDT
Hyperliquid ALGO
Aster ALGOUSDT
Binance 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 | 0.1112 | +0.361% | $23.6M | $3.3M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1111 | +0.316% | $3.4M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1111 | +0.307% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1110 | +0.244% | — | $3.4M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1109 | +0.101% | $61K | $12K | — | as long as short |
| HTX ALGO-USDTlong | +0.0100% | 8h | 0.1108 | long leg | $58K | $137K | 75x | |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1112 | +0.397% | $3.7M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1111 | +0.306% | $7K | $198K | 10x | as long as short |
| Coinbase International ALGO-PERP-INTXshort | +0.0144% | 1h | 0.1119 | +1.065% | $63K | $195K | 50x | |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1108 | +0.027% | $477K | $829K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0323% / S −0.0272% | 1h | 0.1109 | +0.149% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1405% | 1h | 0.1109 | +0.103% | $160K | $6K | 5x | as long as short |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD