Funding you earn now, next payment 04:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h −0.034%
Price spread now: Coinbase International against Binance+1.030%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs+$45as in the Price arb table
costs, in and out, $10k−$630.626% of the position
Funding, last 7 days−0.331%−$33 on $10k
+Price spread, last 4 days (all we have)−1.057%−$106 · spread now +1.030%, 7d avg −0.042%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 1.072% dearer against Binance than usual: you sell high and buy low: +$107 more if the spread goes back to its 7-day average of −0.042%. Mind the row above: over the last 7 days funding on this pair cost −0.331%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ALGOUSDT | 0.1107 | 0.0100 | pay 0.0100% / 8h | 3h 22m | $9.7M | $34.4M | 75x |
| Short | Coinbase International ALGO-PERP-INTX | 0.1118 | 0.0168 | get 0.0021% / 1h | 22m 34s | $65K | $306K | 50x |
Binance ALGOUSDT
Coinbase International ALGO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $14.28
- Price spread: +1.030% → −0.042%
- $107.19
- Slippage, 4 orders
- −$42.61
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $58.86
- Costs to cover
- 0.626%
- Break-even
- from the start
Slippage from Binance: live order book, 4 min ago; Coinbase International: live order book, 30 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, 4 min ago | 1.80 bp | 14.0 bp −$14 | 30.7 bp −$307 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 30 min ago | 10.29 bp | 15.3 bp −$15 | 22.9 bp −$229 | 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 | −0.0201% | 1h | 0.1109 | +0.217% | $88K | $45K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1110 | +0.263% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.193% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1110 | +0.280% | $3.6M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1109 | +0.166% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDTlong | +0.0100% | 8h | 0.1107 | long leg | $9.7M | $34.4M | 75x | |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1106 | −0.090% | $11.1M | $12.5M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1107 | +0.027% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1108 | +0.117% | $855K | $906K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1108 | +0.145% | $23.0M | $3.1M | 200x | as long as short |
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1108 | +0.117% | $3.5M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1108 | +0.108% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1108 | +0.072% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1111 | +0.420% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1110 | +0.280% | $60K | $135K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1111 | +0.379% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1108 | +0.102% | $4K | $235K | 10x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0132% | 1h | 0.1110 | +0.249% | $838K | $1.1M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTXshort | +0.0168% | 1h | 0.1118 | +1.030% | $65K | $306K | 50x | |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1109 | +0.154% | $479K | $869K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0318% / S −0.0264% | 1h | 0.1110 | +0.254% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1158% | 1h | 0.1109 | +0.199% | $160K | $4K | 5x | as long as short |
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
Kraken Futures PF_ALGOUSD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD