Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.001%
Price spread now: OKX against Extended−0.231%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$600.600% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.242%+$24 · spread now −0.231%, 7d avg −0.031%
=Together, before fees+0.239%+ Points / potential airdropExtended: Active · farm board+$24 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.200% cheaper against Extended than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of −0.031%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ALGO-USD | 0.1117 | 0.0096 | pay 0.0012% / 1h | 51m 09s | $6K | $224K | 10x |
| Short | OKX ALGO-USDT-SWAP | 0.1114 | 0.0100 | get 0.0100% / 8h | 7h 51m | $3.0M | $7.5M | 50x |
Extended ALGO-USD
OKX ALGO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Extended. 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
- $0.84
- Price spread: −0.231% → −0.031%
- −$20.02
- Slippage, 4 orders
- −$44.99
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$79.17
- Costs to cover
- 0.600%
- Break-even
- 666.8 days
Slippage from Extended: live order book, 21 min ago; OKX: live order book, 2 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 Extended live order book, 21 min ago | 1.38 bp | 13.8 bp −$14 | 125.0 bp −$1,250 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.89 bp | 17.6 bp −$18 | 61.2 bp −$612 | 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 | −0.0644% | 1h | 0.1117 | +0.037% | $101K | $50K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0567% | 1h | 0.1117 | +0.072% | $832K | $1.1M | 50x | as long as short |
| Bybit ALGOUSDT | −0.0138% | 8h | 0.1115 | −0.142% | $11.2M | $12.0M | 75x | as long as short |
| Variational Omni ALGO | −0.0137% | 8h | 0.1116 | −0.054% | $62K | $12K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0104% | 1h | 0.1123 | +0.584% | $67K | $301K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1118 | +0.135% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.297% | $834 | $233K | 12x | as long as short |
| Binance ALGOUSDT | +0.0093% | 8h | 0.1116 | −0.029% | $9.9M | $34.5M | 75x | as long as short |
| Extended ALGO-USDlong | +0.0096% | 1h | 0.1117 | long leg | $6K | $224K | 10x | |
| MEXC ALGO_USDT | +0.0098% | 8h | 0.1116 | −0.043% | $22.9M | $2.9M | 200x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDT
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Binance ALGOUSDT
MEXC ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ALGO | +0.0100% | 1h | 0.1119 | +0.181% | $3.7M | $1.8M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1119 | +0.206% | $44K | $38K | 5x | as long as short |
| OKX ALGO-USDT-SWAPshort | +0.0100% | 8h | 0.1114 | −0.231% | $3.0M | $7.5M | 50x | |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1118 | +0.127% | $878K | $810K | 50x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1116 | −0.043% | $3.6M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1116 | −0.061% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1116 | −0.043% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1117 | +0.019% | $66K | $108K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0189% | 8h | 0.1119 | +0.207% | $3.8M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0213% | 8h | 0.1121 | +0.395% | $492K | $792K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0339% / S −0.0345% | 1h | 0.1118 | +0.141% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1175% | 1h | 0.1118 | +0.148% | $160K | $3K | 5x | as long as short |
Hyperliquid ALGO
Aster ALGOUSDT
Gate ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD