Funding you earn now, next payment 10:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h +0.001%
Price spread now: Variational Omni against Coinbase International−0.363%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.363% cheaper against Coinbase International than usual: you would sell low and buy high (−$36 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ALGO-PERP-INTX | 0.1105 | 0.0088 | pay 0.0011% / 1h | 57m 17s | $63K | $176K | 50x |
| Short | Variational Omni ALGO | 0.1101 | 0.0046 | get 0.0046% / 8h | 5h 57m | $59K | $13K | — |
Coinbase International ALGO-PERP-INTX
Variational Omni ALGOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$8.76
- Price spread: −0.363% → 0.000%
- −$36.27
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$55.02
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 53 min ago; Variational Omni: no order-book sample. Net counts fees only.
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, 53 min ago | 5.88 bp | 11.8 bp −$12 | 17.5 bp −$175 | doesn't fit | doesn't fit |
| Sell Variational Omni no order-book sample | — | — | — | — | — |
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ALGO on 22 exchanges
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 | −0.0384% | 1h | 0.1103 | −0.217% | $87K | $42K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0311% | 1h | 0.1103 | −0.189% | $811K | $1.1M | 50x | as long as short |
| Bybit ALGOUSDT | −0.0264% | 8h | 0.1102 | −0.344% | $10.6M | $13.3M | 75x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1104 | −0.143% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.321% | $834 | $233K | 12x | as long as short |
| Variational Omni ALGOshort | +0.0046% | 8h | 0.1101 | −0.363% | $59K | $13K | — | |
| OKX ALGO-USDT-SWAP | +0.0067% | 8h | 0.1102 | −0.280% | $2.6M | $7.8M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTXlong | +0.0088% | 1h | 0.1105 | long leg | $63K | $176K | 50x | |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1104 | −0.100% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1104 | −0.127% | $44K | $37K | 5x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDT
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
OKX ALGO-USDT-SWAP
Hyperliquid ALGO
Aster ALGOUSDTShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ALGOUSDT | +0.0100% | 8h | 0.1103 | −0.235% | $9.3M | $33.8M | 75x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1103 | −0.244% | $831K | $879K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1103 | −0.235% | $23.6M | $3.2M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1104 | −0.127% | $3.4M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1103 | −0.217% | $5.4M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1103 | −0.244% | — | $3.4M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1103 | −0.190% | $57K | $129K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1105 | −0.036% | $3.7M | $1.7M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1102 | −0.301% | $4K | $179K | 10x | as long as short |
| dYdX ALGO-USD | +0.0148% | 1h | 0.1105 | −0.077% | $160K | $5K | 5x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1104 | −0.154% | $471K | $813K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0321% / S −0.0273% | 1h | 0.1104 | −0.166% | $6K | — | 100x | as long as short |
Binance ALGOUSDT
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
dYdX ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]