Funding you earn now, next payment 23:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.038%
Price spread now: Coinbase International against Phemex−1.094%7-day average −0.195% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$730.728% of the position
Funding, last 7 days−0.423%−$42 on $10k
+Price spread, last 3 days (all we have)+0.877%+$88 · spread now −1.094%, 7d avg −0.195%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Coinbase International is 0.899% cheaper against Phemex than usual: you would sell low and buy high (−$90 if the spread goes back to its 7-day average of −0.195%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ALGOUSDT | 0.1133 | 0.0100 | pay 0.0100% / 8h | 43m 34s | $3.9M | $1.8M | 50x |
| Short | Coinbase International ALGO-PERP-INTX | 0.1121 | −0.0112 | pay 0.0014% / 1h | 43m 34s | $62K | $332K | 50x |
Phemex ALGOUSDT
Coinbase International ALGO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Phemex. 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
- −$44.52
- Price spread: −1.094% → −0.195%
- −$89.9
- Slippage, 4 orders
- −$50.81
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$207.23
- Costs to cover
- 0.728%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 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 Phemex live order book, 5 min ago | 4.41 bp | 26.2 bp −$26 | 54.6 bp −$546 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 34 min ago | 6.25 bp | 14.8 bp −$15 | 21.7 bp −$217 | 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-PERPETUAL | −0.0457% | 1h | 0.1131 | −0.185% | $102K | $50K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0156% | 1h | 0.1131 | −0.164% | $841K | $1.1M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTXshort | −0.0112% | 1h | 0.1121 | −1.094% | $62K | $332K | 50x | |
| Bybit ALGOUSDT | −0.0100% | 8h | 0.1130 | −0.300% | $11.3M | $12.2M | 75x | as long as short |
| Variational Omni ALGO | −0.0076% | 8h | 0.1129 | −0.343% | $65K | $10K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1131 | −0.168% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0026% | 1h | 0.1120 | −1.147% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1133 | +0.009% | $3.8M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1131 | −0.146% | $45K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1130 | −0.244% | $9.9M | $34.7M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDT
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
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 | 0.1130 | −0.291% | $3.0M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1131 | −0.212% | $892K | $834K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1130 | −0.238% | $23.2M | $2.9M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1131 | −0.159% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1131 | −0.177% | $5.7M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1130 | −0.247% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1129 | −0.353% | $67K | $109K | 75x | as long as short |
| Phemex ALGOUSDTlong | +0.0100% | 8h | 0.1133 | long leg | $3.9M | $1.8M | 50x | |
| Extended ALGO-USD | +0.0104% | 1h | 0.1131 | −0.179% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1130 | −0.291% | $490K | $798K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0315% / S −0.0300% | 1h | 0.1131 | −0.146% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1606% | 1h | 0.1132 | −0.101% | $162K | $3K | 5x | as long as short |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD