Funding you earn now, next payment 02:00 UTC+0.0232%/8h= +25.4% APRnext payment +$0.29 per $10,000 · paid last 24h +0.092%
Price spread now: Coinbase International against Deribit+0.252%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs+$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$570.571% of the position
Funding, last 7 days+0.785%+$79 on $10k
+Price spread, last 3 days (all we have)−0.329%−$33 · spread now +0.252%, 7d avg −0.033%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.285% dearer against Deribit than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.033%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ALGO_USDC-PERPETUAL | 0.1111 | −0.0200 | get 0.0025% / 1h | 54m 06s | $101K | $49K | 25x |
| Short | Coinbase International ALGO-PERP-INTX | 0.1114 | 0.0032 | get 0.0004% / 1h | 54m 06s | $70K | $281K | 50x |
Deribit ALGO_USDC-PERPETUAL
Coinbase International ALGO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Deribit. 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
- $48.72
- Price spread: +0.252% → −0.033%
- $28.51
- Slippage, 4 orders
- −$40.05
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $20.18
- Costs to cover
- 0.571%
- Break-even
- 4.1 days
Slippage from Deribit: live order book, 9 min ago; Coinbase International: live order book, 9 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 Deribit live order book, 9 min ago | 7.63 bp | 13.8 bp −$14 | 27.1 bp −$271 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 9 min ago | 5.83 bp | 11.5 bp −$12 | 17.4 bp −$174 | doesn't fit | doesn't fit |
ALGO on 21 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-PERPETUALlong | −0.0200% | 1h | 0.1111 | long leg | $101K | $49K | 25x | |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1111 | −0.006% | $17K | — | 150x | as long as short |
| Coinbase International ALGO-PERP-INTXshort | +0.0032% | 1h | 0.1114 | +0.252% | $70K | $281K | 50x | |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.828% | $834 | $233K | 12x | as long as short |
| Variational Omni ALGO | +0.0076% | 8h | 0.1114 | +0.285% | $60K | $12K | — | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1113 | +0.207% | $3.7M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1111 | +0.061% | $44K | $41K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1111 | +0.036% | $9.8M | $34.5M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1111 | −0.018% | $11.4M | $12.2M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1111 | +0.018% | $2.9M | $7.7M | 50x | as long as short |
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Variational Omni ALGO
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ALGO_USDT | +0.0100% | 8h | 0.1111 | +0.036% | $870K | $847K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1111 | +0.045% | $22.7M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1111 | +0.054% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1111 | +0.018% | $5.5M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1111 | +0.009% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1112 | +0.081% | $60K | $140K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1114 | +0.288% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1111 | +0.020% | $4K | $229K | 10x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0342% / S −0.0313% | 1h | 0.1110 | −0.041% | $7K | — | 100x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0355% | 1h | 0.1112 | +0.121% | $824K | $1.1M | 50x | as long as short |
| dYdX ALGO-USD | +0.1892% | 1h | 0.1111 | +0.051% | $160K | $4K | 5x | as long as short |
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
GMX ALGO/USD [WBTC.b-USDC]
Kraken Futures PF_ALGOUSD
dYdX ALGO-USD