Funding you earn now, next payment 22:00 UTC−0.0924%/8h= −101.2% APRpaid last 24h −0.130%
Price spread now: Deribit against BingX+0.126%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$179as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$570.569% of the position
Funding, last 7 days−1.218%−$122 on $10k
+Price spread, last 3 days (all we have)+0.048%+$5 · spread now +0.126%, 7d avg +0.014%
=The price spread pays, funding is against you. Deribit is 0.112% dearer against BingX than usual: you sell high and buy low (spread +0.126% now, against its 7-day average of +0.014%): +$11 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ALGO-USDT | 0.1115 | 0.0100 | pay 0.0100% / 8h | 2h 04m | — | $3.3M | — |
| Short | Deribit ALGO_USDC-PERPETUAL | 0.1116 | −0.0824 | pay 0.0103% / 1h | 4m 55s | $101K | $50K | 25x |
BingX ALGO-USDT
Deribit ALGO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against BingX. 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
- −$194.04
- Price spread: +0.126% → +0.014%
- $11.19
- Slippage, 4 orders
- −$39.92
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$239.78
- Costs to cover
- 0.569%
- Break-even
- never at this rate
Slippage from BingX: live order book, 14 min ago; Deribit: live order book, 18 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 BingX live order book, 14 min ago | 3.57 bp | 14.6 bp −$15 | 34.1 bp −$341 | 264.8 bp −$26.5K | 676.8 bp −$338.4K |
| Sell Deribit live order book, 18 min ago | 7.57 bp | 12.0 bp −$12 | 21.1 bp −$211 | 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-PERPETUALshort | −0.0824% | 1h | 0.1116 | +0.126% | $101K | $50K | 25x | |
| Injective ALGO/USDC PERP | −0.0212% | 1h | 0.1117 | +0.206% | $832 | $202K | 12x | as long as short |
| Bybit ALGOUSDT | −0.0130% | 8h | 0.1114 | −0.072% | $11.2M | $12.2M | 75x | as long as short |
| Variational Omni ALGO | −0.0092% | 8h | 0.1115 | −0.004% | $65K | $10K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1118 | +0.314% | $62K | $331K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1117 | +0.195% | $6K | — | 150x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0093% | 1h | 0.1116 | +0.110% | $838K | $1.2M | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1116 | +0.117% | $3.7M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1116 | +0.154% | $44K | $31K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1115 | −0.009% | $9.9M | $34.8M | 75x | as long as short |
Injective ALGO/USDC PERP
Bybit ALGOUSDT
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Kraken Futures PF_ALGOUSD
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 | −0.027% | $3.0M | $7.7M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1115 | +0.027% | $878K | $866K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1115 | −0.009% | $23.0M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1115 | +0.018% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1116 | +0.117% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDTlong | +0.0100% | 8h | 0.1115 | long leg | — | $3.3M | — | |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1116 | +0.081% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1118 | +0.296% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1114 | −0.022% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1115 | +0.054% | $490K | $793K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0237% / S −0.0158% | 1h | 0.1117 | +0.224% | $5K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1301% | 1h | 0.1118 | +0.320% | $160K | $5K | 5x | as long as short |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD