ALGO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.21 per $10,000 · paid last 24h +0.041%

Price spread now: Extended against Coinbase International−0.398%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$590.592% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.294%+$29 on $10k

Price spread, last 3 days (all we have)+0.355%+$35 · spread now −0.398%, 7d avg +0.015%

Together, before fees+0.649%+ Points / potential airdropExtended: Active · farm board+$65 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.413% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.398% now, against its 7-day average of +0.015%). If the spread goes back, that is −$41 on $10k: about 8.2 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ALGO-PERP-INTX	0.1113	−0.0064	get 0.0008% / 1h	42m 10s	$71K	$288K	50x
Short	Extended ALGO-USD	0.1108	0.0104	get 0.0013% / 1h	42m 10s	$8K	$229K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee ExtendedbpOrdersPrice spread, now −0.398%Rate

Funding earned: $35.28
Price spread: −0.398% → +0.015%: −$41.29
Slippage, 4 orders: −$44.17
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$65.18
Costs to cover: 0.592%
Break-even: 19.9 days

Slippage from Coinbase International: live order book, 26 min ago; Extended: live order book, 25 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 Coinbase International live order book, 26 min ago	11.18 bp	16.2 bp −$16	23.4 bp −$234	doesn't fit	doesn't fit
Sell Extended live order book, 25 min ago	1.30 bp	13.0 bp −$13	128.4 bp −$1,284	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	−0.0201%	1h	0.1108	−0.404%	$100K	$49K	25x	as long as short
Coinbase International ALGO-PERP-INTXlong	−0.0064%	1h	0.1113	long leg	$71K	$288K	50x
Variational Omni ALGO	−0.0029%	8h	0.1111	−0.123%	$61K	$12K	—	as long as short
gTrade (Gains Network) ALGO/USD	L +0.0001% / S +0.0003%	1h	0.1109	−0.348%	$6K	—	150x	as long as short
Injective ALGO/USDC PERP	+0.0033%	1h	0.1120	+0.647%	$834	$233K	12x	as long as short
Hyperliquid ALGO	+0.0100%	1h	0.1110	−0.207%	$3.6M	$2.0M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	0.1111	−0.186%	$44K	$38K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	0.1109	−0.324%	$9.8M	$34.9M	75x	as long as short
Bybit ALGOUSDT	+0.0100%	8h	0.1109	−0.324%	$11.4M	$12.3M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1109	−0.297%	$2.9M	$7.6M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ALGO_USDT	+0.0100%	8h	0.1108	−0.404%	$868K	$845K	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	0.1109	−0.297%	$22.8M	$3.0M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	0.1108	−0.395%	$3.5M	$1.5M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1110	−0.252%	$5.6M	$3.6M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1111	−0.189%	—	$3.4M	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1110	−0.207%	$60K	$143K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	0.1110	−0.252%	$3.8M	$1.8M	50x	as long as short
Extended ALGO-USDshort	+0.0104%	1h	0.1108	−0.398%	$8K	$229K	10x
BloFin ALGO-USDT	+0.0220%	8h	0.1117	+0.350%	$489K	$801K	75x	as long as short
Kraken Futures PF_ALGOUSD	+0.0264%	1h	0.1109	−0.340%	$823K	$1.1M	50x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0341% / S −0.0313%	1h	0.1109	−0.345%	$7K	—	100x	as long as short
dYdX ALGO-USD	+0.1514%	1h	0.1110	−0.253%	$160K	$4K	5x	as long as short