Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Phemex against Extended+0.120%55s7-day average +0.175% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$950.954% of the position
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 4 days (all we have)+0.123%+$12 · spread now +0.120%, 7d avg +0.175%
=Together, before fees+0.245%+ 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: Phemex is 0.055% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.175%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ALGO-USD | 0.1111 | 0.0104 | pay 0.0013% / 1h | 36m 25s | $5K | $193K | 10x |
| Short | Phemex ALGOUSDT | 0.1112 | 0.0100 | get 0.0100% / 8h | 36m 25s | $3.7M | $1.8M | 50x |
Extended ALGO-USD
Phemex ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: +0.120% → +0.175%
- −$5.52
- Slippage, 4 orders
- −$78.42
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$101.78
- Costs to cover
- 0.954%
- Break-even
- never at this rate
Slippage from Extended: live order book, 65 min ago; Phemex: 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, 65 min ago | 1.36 bp | 14.2 bp −$14 | 134.3 bp −$1,343 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 8.98 bp | 32.7 bp −$33 | 69.4 bp −$694 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALGOUSD | −0.0266% | 1h | 0.1111 | −0.014% | $828K | $1.1M | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0200% | 1h | 0.1110 | −0.061% | $87K | $46K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1112 | +0.102% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.840% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1112 | +0.120% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1112 | +0.112% | $44K | $37K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1111 | +0.030% | $9.5M | $34.4M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1111 | −0.007% | $11.3M | $13.0M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1111 | +0.021% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1110 | −0.079% | $836K | $950K | 50x | as long as short |
Kraken Futures PF_ALGOUSD
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1111 | +0.011% | $23.4M | $3.2M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1111 | −0.007% | $3.5M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1111 | +0.030% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1111 | +0.021% | — | $3.4M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1117 | +0.555% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1110 | −0.061% | $58K | $137K | 75x | as long as short |
| Phemex ALGOUSDTshort | +0.0100% | 8h | 0.1112 | +0.120% | $3.7M | $1.8M | 50x | |
| Extended ALGO-USDlong | +0.0104% | 1h | 0.1111 | long leg | $5K | $193K | 10x | |
| Coinbase International ALGO-PERP-INTX | +0.0144% | 1h | 0.1117 | +0.597% | $63K | $194K | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1111 | +0.030% | $471K | $875K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0319% / S −0.0264% | 1h | 0.1112 | +0.088% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.0972% | 1h | 0.1113 | +0.190% | $160K | $5K | 5x | as long as short |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Coinbase International ALGO-PERP-INTX
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD