Funding you earn now, next payment 00:00 UTC+0.0220%/8h= +24.0% APRnext payment +$2.20 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Bybit+0.090%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$680.679% of the position
Funding, last 7 days+0.088%+$9 on $10k
+Price spread, last 7 days−0.112%−$11 · spread now +0.090%, 7d avg +0.037%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bitget is 0.053% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.037%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.088% in total (about 4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ALGOUSDT | 0.1117 | −0.0120 | get 0.0120% / 8h | 2h 10m | $11.2M | $12.2M | 75x |
| Short | Bitget ALGOUSDT | 0.1118 | 0.0100 | get 0.0100% / 8h | 2h 10m | $5.6M | $3.5M | 75x |
Bybit ALGOUSDT
Bitget ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $46.11
- Price spread: +0.090% → +0.037%
- $5.28
- Slippage, 4 orders
- −$44.93
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$16.54
- Costs to cover
- 0.679%
- Break-even
- 9.5 days
Slippage from Bybit: live order book, 7 min ago; Bitget: live order book, 7 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, 7 min ago | 0.89 bp | 16.1 bp −$16 | 38.7 bp −$387 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 7 min ago | 4.45 bp | 20.7 bp −$21 | 40.7 bp −$407 | 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 | −0.0733% | 1h | 0.1118 | +0.125% | $101K | $50K | 25x | as long as short |
| Injective ALGO/USDC PERP | −0.0212% | 1h | 0.1115 | −0.179% | $830 | $175K | 12x | as long as short |
| Bybit ALGOUSDTlong | −0.0120% | 8h | 0.1117 | long leg | $11.2M | $12.2M | 75x | |
| Variational Omni ALGO | −0.0082% | 8h | 0.1121 | +0.336% | $65K | $10K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1118 | +0.098% | $61K | $331K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1119 | +0.190% | $6K | — | 150x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0093% | 1h | 0.1119 | +0.179% | $839K | $1.2M | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1120 | +0.251% | $3.7M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1120 | +0.254% | $44K | $31K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1118 | +0.081% | $9.9M | $34.8M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Injective ALGO/USDC PERP
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 | 0.1117 | +0.036% | $3.0M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1117 | +0.036% | $856K | $842K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1118 | +0.081% | $23.0M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1119 | +0.134% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDTshort | +0.0100% | 8h | 0.1118 | +0.090% | $5.6M | $3.5M | 75x | |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1118 | +0.054% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1118 | +0.098% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1120 | +0.269% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1118 | +0.082% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1118 | +0.090% | $493K | $794K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0237% / S −0.0158% | 1h | 0.1119 | +0.198% | $5K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1326% | 1h | 0.1119 | +0.204% | $160K | $5K | 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