Funding you earn now, next payment 20:00 UTC−0.0138%/8hpaid last 24h −0.031%
Price spread now: gTrade (Gains Network) against Phemex−0.095%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and gTrade (Gains Network) is 0.095% cheaper against Phemex than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ALGOUSDT | 0.1116 | 0.0135 | pay 0.0135% / 8h | 4h 23m | $3.8M | $1.8M | 50x |
| Short | gTrade (Gains Network) ALGO/USD | 0.1115 | L +0.0001% / S +0.0003% | pay 0.0000% / 1h | 23m 03s | $7K | — | 150x |
Phemex ALGOUSDT
gTrade (Gains Network) ALGO/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$28.94
- Price spread: −0.095% → 0.000%
- −$9.5
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$60.44
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 5 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.
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 | 4.50 bp | 20.9 bp −$21 | 61.0 bp −$610 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0198% | 1h | 0.1115 | −0.116% | $101K | $54K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0156% | 1h | 0.1115 | −0.091% | $825K | $1.3M | 50x | as long as short |
| Bybit ALGOUSDT | −0.0067% | 8h | 0.1113 | −0.269% | $11.3M | $12.4M | 75x | as long as short |
| Variational Omni ALGO | −0.0002% | 8h | 0.1108 | −0.717% | $64K | $11K | — | as long as short |
| gTrade (Gains Network) ALGO/USDshort | L +0.0001% / S +0.0003% | 1h | 0.1115 | −0.095% | $7K | — | 150x | |
| Coinbase International ALGO-PERP-INTX | +0.0008% | 1h | 0.1109 | −0.663% | $62K | $354K | 50x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1129 | +1.165% | $841 | $81K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1117 | +0.063% | $3.7M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1114 | −0.181% | $44K | $34K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1114 | −0.185% | $10.0M | $35.2M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDT
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
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 | 0.1114 | −0.224% | $3.0M | $7.9M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1113 | −0.296% | $841K | $801K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1114 | −0.161% | $22.4M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1114 | −0.161% | $3.6M | $1.6M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1114 | −0.179% | $5.6M | $3.7M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1113 | −0.233% | — | $3.1M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1113 | −0.260% | $66K | $111K | 75x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1114 | −0.217% | $7K | $210K | 10x | as long as short |
| Phemex ALGOUSDTlong | +0.0135% | 8h | 0.1116 | long leg | $3.8M | $1.8M | 50x | |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0152% / S −0.0076% | 1h | 0.1115 | −0.074% | $5K | — | 100x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1114 | −0.197% | $490K | $805K | 75x | as long as short |
| dYdX ALGO-USD | +0.5086% | 1h | 0.1115 | −0.112% | $160K | $6K | 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
GMX ALGO/USD [WBTC.b-USDC]
BloFin ALGO-USDT
dYdX ALGO-USD