Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.025%
Price spread now: Bybit against Binance+0.054%7-day average −0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$570.566% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 7 days−0.133%−$13 · spread now +0.054%, 7d avg −0.061%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.115% dearer against Binance than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.061%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ALGOUSDT | 0.1110 | 0.0100 | pay 0.0100% / 8h | 6h 00m | $9.8M | $34.6M | 75x |
| Short | Bybit ALGOUSDT | 0.1111 | 0.0100 | get 0.0100% / 8h | 6h 00m | $11.4M | $12.2M | 75x |
Binance ALGOUSDT
Bybit ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- $0
- Price spread: +0.054% → −0.061%
- $11.52
- Slippage, 4 orders
- −$35.59
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$45.07
- Costs to cover
- 0.566%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Bybit: live order book, 3 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 Binance live order book, 12 min ago | 1.79 bp | 13.0 bp −$13 | 36.8 bp −$368 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.90 bp | 15.5 bp −$16 | 43.5 bp −$435 | doesn't fit | doesn't fit |
ALGO on 21 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 | −0.0560% | 1h | 0.1110 | +0.018% | $101K | $49K | 25x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1120 | +0.892% | $71K | $285K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1113 | +0.255% | $17K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.883% | $834 | $233K | 12x | as long as short |
| Variational Omni ALGO | +0.0067% | 8h | 0.1113 | +0.244% | $61K | $12K | — | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1112 | +0.189% | $3.7M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1112 | +0.145% | $44K | $41K | 5x | as long as short |
| Binance ALGOUSDTlong | +0.0100% | 8h | 0.1110 | long leg | $9.8M | $34.6M | 75x | |
| Bybit ALGOUSDTshort | +0.0100% | 8h | 0.1111 | +0.054% | $11.4M | $12.2M | 75x | |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1111 | +0.072% | $2.9M | $7.6M | 50x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Variational Omni ALGO
Hyperliquid ALGO
Aster ALGOUSDT
OKX ALGO-USDT-SWAPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ALGO_USDT | +0.0100% | 8h | 0.1111 | +0.072% | $868K | $861K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1109 | −0.072% | $22.7M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1111 | +0.036% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1111 | +0.072% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1110 | +0.018% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1113 | +0.270% | $60K | $140K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1112 | +0.162% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1111 | +0.064% | $4K | $232K | 10x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0263% | 1h | 0.1111 | +0.038% | $823K | $1.1M | 50x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0342% / S −0.0313% | 1h | 0.1113 | +0.233% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1614% | 1h | 0.1114 | +0.359% | $161K | $4K | 5x | as long as short |
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
Kraken Futures PF_ALGOUSD
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD