Funding you earn now, next payment 22:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h −0.038%
Price spread now: Coinbase International against Bitget−0.036%47s7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$670.665% of the position
Funding, last 7 days−0.412%−$41 on $10k
+Price spread, last 3 days (all we have)−0.006%−$1 · spread now −0.036%, 7d avg −0.057%
=The price spread pays, funding is against you. Coinbase International is 0.021% dearer against Bitget than usual: you sell high and buy low (spread −0.036% now, against its 7-day average of −0.057%): +$2 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 11 hours. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ALGOUSDT | 0.1121 | 0.0100 | pay 0.0100% / 8h | 1h 20m | $5.6M | $3.6M | 75x |
| Short | Coinbase International ALGO-PERP-INTX | 0.1121 | −0.0056 | pay 0.0007% / 1h | 20m 26s | $62K | $332K | 50x |
Bitget ALGOUSDT
Coinbase International ALGO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bitget. 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
- −$32.76
- Price spread: −0.036% → −0.057%
- $2.09
- Slippage, 4 orders
- −$44.53
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$97.2
- Costs to cover
- 0.665%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Coinbase International: live order book, 63 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 Bitget live order book, 3 min ago | 4.46 bp | 17.4 bp −$17 | 21.2 bp −$212 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 63 min ago | 4.89 bp | 18.4 bp −$18 | 27.3 bp −$273 | 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 | −0.0463% | 1h | 0.1122 | +0.080% | $102K | $50K | 25x | as long as short |
| Injective ALGO/USDC PERP | −0.0295% | 1h | 0.1120 | −0.089% | $834 | $233K | 12x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0287% | 1h | 0.1122 | +0.129% | $836K | $1.2M | 50x | as long as short |
| Bybit ALGOUSDT | −0.0103% | 8h | 0.1120 | −0.054% | $11.3M | $12.3M | 75x | as long as short |
| Variational Omni ALGO | −0.0080% | 8h | 0.1119 | −0.191% | $65K | $10K | — | as long as short |
| Coinbase International ALGO-PERP-INTXshort | −0.0056% | 1h | 0.1121 | −0.036% | $62K | $332K | 50x | |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1122 | +0.080% | $6K | — | 150x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1123 | +0.161% | $3.7M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1122 | +0.080% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1121 | −0.021% | $9.8M | $34.9M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Injective ALGO/USDC PERP
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDT
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
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 | 0.1120 | −0.071% | $3.0M | $7.7M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1122 | +0.054% | $890K | $853K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1121 | −0.018% | $23.3M | $2.8M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1122 | +0.089% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDTlong | +0.0100% | 8h | 0.1121 | long leg | $5.6M | $3.6M | 75x | |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1121 | +0.018% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1121 | +0.045% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1123 | +0.178% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1122 | +0.067% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1122 | +0.062% | $487K | $794K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0256% / S −0.0190% | 1h | 0.1122 | +0.052% | $5K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1528% | 1h | 0.1122 | +0.094% | $161K | $3K | 5x | as long as short |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD