Funding you earn now, next payment 08:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.46 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Phemex−0.181%7-day average −0.137% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$920.925% of the position
Funding, last 7 days−0.086%−$9 on $10k
+Price spread, last 4 days (all we have)−0.054%−$5 · spread now −0.181%, 7d avg −0.137%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.044% cheaper against Phemex than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.137%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ALGOUSDT | 0.1104 | 0.0146 | pay 0.0146% / 8h | 4h 37m | $3.7M | $1.8M | 50x |
| Short | MEXC ALGO_USDT | 0.1102 | 0.0100 | get 0.0100% / 8h | 4h 37m | $22.8M | $3.1M | 200x |
Phemex ALGOUSDT
MEXC ALGO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$9.61
- Price spread: −0.181% → −0.137%
- −$4.41
- Slippage, 4 orders
- −$80.48
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$106.49
- Costs to cover
- 0.925%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; MEXC: live order book, 2 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, 2 min ago | 13.52 bp | 39.4 bp −$39 | 82.6 bp −$826 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 1.36 bp | 7.9 bp −$8 | 64.8 bp −$648 | 493.4 bp −$49.3K | 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 | −0.0113% | 1h | 0.1102 | −0.154% | $88K | $44K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1103 | −0.125% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.449% | $834 | $233K | 12x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0080% | 1h | 0.1116 | +1.123% | $88K | $291K | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1104 | −0.045% | $3.6M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1103 | −0.067% | $44K | $38K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1102 | −0.173% | $9.7M | $34.9M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1101 | −0.272% | $11.1M | $12.8M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1102 | −0.190% | $2.8M | $7.7M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1101 | −0.245% | $853K | $890K | 50x | as long as short |
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Coinbase International ALGO-PERP-INTX
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ALGO_USDTshort | +0.0100% | 8h | 0.1102 | −0.181% | $22.8M | $3.1M | 200x | |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1103 | −0.136% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1102 | −0.181% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1102 | −0.190% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1109 | +0.421% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1102 | −0.208% | $59K | $140K | 75x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1102 | −0.203% | $4K | $227K | 10x | as long as short |
| Phemex ALGOUSDTlong | +0.0146% | 8h | 0.1104 | long leg | $3.7M | $1.8M | 50x | |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1100 | −0.362% | $479K | $878K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0341% / S −0.0313% | 1h | 0.1103 | −0.062% | $7K | — | 100x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0381% | 1h | 0.1102 | −0.154% | $813K | $1.1M | 50x | as long as short |
| dYdX ALGO-USD | +0.1343% | 1h | 0.1102 | −0.200% | $159K | $4K | 5x | as long as short |
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
Kraken Futures PF_ALGOUSD
dYdX ALGO-USD