Funding you earn now, next payment 16:00 UTC+0.0066%/8h= +7.2% APRnext payment +$0.66 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against OKX+0.127%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1181.179% of the position
Funding, last 7 days+0.073%+$7 on $10k
+Price spread, last 4 days (all we have)−0.221%−$22 · spread now +0.127%, 7d avg +0.005%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Gate is 0.123% dearer against OKX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ALGO-USDT-SWAP | 0.1099 | 0.0034 | pay 0.0034% / 8h | 5h 50m | $2.6M | $7.8M | 50x |
| Short | Gate ALGO_USDT | 0.1100 | 0.0100 | get 0.0100% / 8h | 5h 50m | $829K | $880K | 50x |
OKX ALGO-USDT-SWAP
Gate ALGO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against OKX. 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
- $13.77
- Price spread: +0.127% → +0.005%
- $12.26
- Slippage, 4 orders
- −$92.87
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$91.85
- Costs to cover
- 1.179%
- Break-even
- 53.7 days
Slippage from OKX: live order book, 6 min ago; Gate: live order book, 59 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 OKX live order book, 6 min ago | 0.45 bp | 12.9 bp −$13 | 63.6 bp −$636 | doesn't fit | doesn't fit |
| Sell Gate live order book, 59 min ago | 8.17 bp | 42.7 bp −$43 | 446.6 bp −$4,466 | doesn't fit | doesn't fit |
ALGO on 22 exchanges
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 | −0.0478% | 1h | 0.1099 | −0.009% | $87K | $42K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0312% | 1h | 0.1099 | +0.045% | $808K | $1.1M | 50x | as long as short |
| Bybit ALGOUSDT | −0.0311% | 8h | 0.1098 | −0.073% | $10.6M | $13.3M | 75x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1102 | +0.279% | $16K | — | 150x | as long as short |
| Variational Omni ALGO | +0.0017% | 8h | 0.1098 | −0.080% | $59K | $13K | — | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.948% | $834 | $233K | 12x | as long as short |
| OKX ALGO-USDT-SWAPlong | +0.0034% | 8h | 0.1099 | long leg | $2.6M | $7.8M | 50x | |
| Coinbase International ALGO-PERP-INTX | +0.0088% | 1h | 0.1105 | +0.619% | $63K | $176K | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1100 | +0.127% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1100 | +0.124% | $44K | $37K | 5x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDT
gTrade (Gains Network) ALGO/USD
Variational Omni ALGO
Injective ALGO/USDC PERP
Coinbase International ALGO-PERP-INTX
Hyperliquid ALGO
Aster ALGOUSDTShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ALGOUSDT | +0.0100% | 8h | 0.1099 | +0.027% | $9.2M | $33.8M | 75x | as long as short |
| Gate ALGO_USDTshort | +0.0100% | 8h | 0.1100 | +0.127% | $829K | $880K | 50x | |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1099 | +0.009% | $23.5M | $3.2M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1100 | +0.082% | $3.4M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1099 | +0.036% | $5.4M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1098 | −0.055% | — | $3.4M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1099 | −0.009% | $57K | $129K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1101 | +0.218% | $3.7M | $1.7M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1098 | −0.011% | $4K | $179K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1098 | −0.064% | $472K | $808K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0321% / S −0.0273% | 1h | 0.1099 | +0.060% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1268% | 1h | 0.1099 | +0.031% | $159K | $5K | 5x | as long as short |
Binance ALGOUSDT
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