Funding you earn now, next payment 16:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.18 per $10,000 · paid last 24h +0.025%
Price spread now: BingX against Bybit+0.027%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$660.660% of the position
Funding, last 7 days+0.110%+$11 on $10k
+Price spread, last 7 days+0.008%+$1 · spread now +0.027%, 7d avg +0.030%
=The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ALGOUSDT | 0.1109 | 0.0082 | pay 0.0082% / 8h | 7h 26m | $11.1M | $13.1M | 75x |
| Short | BingX ALGO-USDT | 0.1109 | 0.0100 | get 0.0100% / 8h | 7h 26m | — | $3.4M | — |
Bybit ALGOUSDT
BingX ALGO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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
- $3.77
- Price spread: +0.027% → +0.030%
- −$0.25
- Slippage, 4 orders
- −$44.96
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$62.44
- Costs to cover
- 0.660%
- Break-even
- 122.9 days
Slippage from Bybit: live order book, 2 min ago; BingX: live order book, 8 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 Bybit live order book, 2 min ago | 1.35 bp | 17.3 bp −$17 | 52.6 bp −$526 | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 4.95 bp | 16.3 bp −$16 | 34.3 bp −$343 | 172.6 bp −$17.3K | 729.2 bp −$364.6K |
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 | −0.0290% | 1h | 0.1110 | +0.081% | $87K | $46K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0025% | 1h | 0.1111 | +0.132% | $826K | $1.1M | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1109 | −0.015% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.983% | $834 | $233K | 12x | as long as short |
| Bybit ALGOUSDTlong | +0.0082% | 8h | 0.1109 | long leg | $11.1M | $13.1M | 75x | |
| Gate ALGO_USDT | +0.0092% | 8h | 0.1110 | +0.099% | $836K | $919K | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1111 | +0.207% | $3.4M | $2.4M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1111 | +0.144% | $44K | $37K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1110 | +0.099% | $9.5M | $34.5M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1110 | +0.081% | $2.7M | $7.8M | 50x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Gate ALGO_USDT
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
OKX ALGO-USDT-SWAPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1110 | +0.090% | $23.5M | $3.3M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1111 | +0.162% | $3.4M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1110 | +0.081% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDTshort | +0.0100% | 8h | 0.1109 | +0.027% | — | $3.4M | — | |
| Variational Omni ALGO | +0.0100% | 8h | 0.1109 | −0.035% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1110 | +0.090% | $58K | $137K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1113 | +0.352% | $3.7M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1110 | +0.070% | $7K | $198K | 10x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0144% | 1h | 0.1119 | +0.929% | $63K | $195K | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1111 | +0.189% | $481K | $832K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0323% / S −0.0272% | 1h | 0.1111 | +0.167% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1425% | 1h | 0.1112 | +0.244% | $161K | $6K | 5x | as long as short |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
Variational Omni ALGO
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
Coinbase International ALGO-PERP-INTX
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD