Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: Gate against BloFin−0.046%78s7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$134as 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−$1111.109% of the position
Funding, last 7 days−0.226%−$23 on $10k
+Price spread, last 4 days (all we have)−0.059%−$6 · spread now −0.046%, 7d avg −0.028%
=The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 78 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 | BloFin ALGO-USDT | 0.1091 | 0.0220 | pay 0.0220% / 8h | 2h 29m | $471K | $866K | 75x |
| Short | Gate ALGO_USDT | 0.1090 | 0.0100 | get 0.0100% / 8h | 2h 29m | $834K | $926K | 50x |
BloFin ALGO-USDT
Gate ALGO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BloFin. 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
- −$25.2
- Price spread: −0.046% → −0.028%
- −$1.8
- Slippage, 4 orders
- −$83.89
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$137.89
- Costs to cover
- 1.109%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 62 min ago; Gate: live order book, 17 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 BloFin live order book, 62 min ago | 0.45 bp | 6.4 bp −$6 | 15.7 bp −$157 | doesn't fit | doesn't fit |
| Sell Gate live order book, 17 min ago | 9.56 bp | 43.9 bp −$44 | 344.8 bp −$3,448 | 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 | −0.0208% | 1h | 0.1092 | +0.110% | $86K | $44K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1092 | +0.122% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +2.668% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1092 | +0.101% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1091 | +0.055% | $43K | $37K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1091 | +0.018% | $9.3M | $34.9M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1091 | −0.018% | $10.9M | $12.7M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1091 | −0.028% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDTshort | +0.0100% | 8h | 0.1090 | −0.046% | $834K | $926K | 50x | |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1091 | +0.018% | $22.6M | $3.2M | 200x | as long as short |
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
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 | 0.1091 | +0.055% | $3.4M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1091 | +0.009% | $5.4M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1091 | +0.028% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1090 | −0.112% | $60K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1092 | +0.110% | $59K | $135K | 75x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1091 | +0.037% | $7K | $196K | 10x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0113% | 1h | 0.1093 | +0.157% | $821K | $1.1M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0144% | 1h | 0.1093 | +0.174% | $62K | $289K | 50x | as long as short |
| Phemex ALGOUSDT | +0.0157% | 8h | 0.1094 | +0.284% | $3.7M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDTlong | +0.0220% | 8h | 0.1091 | long leg | $471K | $866K | 75x | |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0317% / S −0.0264% | 1h | 0.1092 | +0.134% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1842% | 1h | 0.1092 | +0.105% | $157K | $5K | 5x | as long as short |
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Extended ALGO-USD
Kraken Futures PF_ALGOUSD
Coinbase International ALGO-PERP-INTX
Phemex ALGOUSDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD