Funding you earn now, next payment 06:00 UTC+0.0154%/8h= +16.9% APRpaid last 24h +0.030%
Price spread now: Phemex against gTrade (Gains Network)+0.303%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phemex is 0.303% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$30 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) ALGO/USD | 0.1089 | L −0.0001% / S +0.0003% | get 0.0000% / 1h | 25m 42s | $16K | — | 150x |
| Short | Phemex ALGOUSDT | 0.1092 | 0.0153 | get 0.0153% / 8h | 2h 25m | $3.7M | $1.8M | 50x |
gTrade (Gains Network) ALGO/USD
Phemex ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against gTrade (Gains Network). 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
- $32.42
- Price spread: +0.303% → 0.000%
- $30.31
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $40.73
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: gTrade (Gains Network): no order-book sample; Phemex: live order book, 3 min ago. 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 3 min ago | 4.58 bp | 27.1 bp −$27 | 75.8 bp −$758 | doesn't fit | doesn't fit |
gTrade (Gains Network): 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 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 | −0.0025% | 1h | 0.1089 | +0.018% | $86K | $44K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USDlong | L −0.0001% / S +0.0003% | 1h | 0.1089 | long leg | $16K | — | 150x | |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +2.875% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1091 | +0.230% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1090 | +0.154% | $43K | $37K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1090 | +0.154% | $9.3M | $35.0M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1091 | +0.175% | $10.9M | $12.7M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1092 | +0.266% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1088 | −0.073% | $832K | $927K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1089 | +0.037% | $22.6M | $3.2M | 200x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1088 | −0.037% | $3.4M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1089 | +0.028% | $5.4M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1090 | +0.101% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1088 | −0.062% | $60K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1089 | 0.000% | $59K | $136K | 75x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1089 | +0.011% | $7K | $196K | 10x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0113% | 1h | 0.1090 | +0.078% | $819K | $1.1M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0144% | 1h | 0.1093 | +0.377% | $62K | $289K | 50x | as long as short |
| Phemex ALGOUSDTshort | +0.0153% | 8h | 0.1092 | +0.303% | $3.7M | $1.8M | 50x | |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1088 | −0.073% | $468K | $864K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0316% / S −0.0264% | 1h | 0.1089 | +0.028% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1634% | 1h | 0.1090 | +0.114% | $157K | $5K | 5x | as long as short |
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Extended ALGO-USD
Kraken Futures PF_ALGOUSD
Coinbase International ALGO-PERP-INTX
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD