Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against Gate+0.027%48s7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as 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−$1241.243% of the position
Funding, last 7 days+0.212%+$21 on $10k
+Price spread, last 3 days (all we have)+0.116%+$12 · spread now +0.027%, 7d avg +0.031%
=The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 48 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 | Gate ALGO_USDT | 0.1117 | 0.0100 | pay 0.0100% / 8h | 2h 00m | $878K | $867K | 50x |
| Short | BloFin ALGO-USDT | 0.1117 | 0.0220 | get 0.0220% / 8h | 2h 00m | $491K | $793K | 75x |
Gate ALGO_USDT
BloFin ALGO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. 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
- $25.2
- Price spread: +0.027% → +0.031%
- −$0.43
- Slippage, 4 orders
- −$97.29
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$99.52
- Costs to cover
- 1.243%
- Break-even
- 34.6 days
Slippage from Gate: live order book, 21 min ago; BloFin: live order book, 21 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 Gate live order book, 21 min ago | 4.90 bp | 53.3 bp −$53 | 342.3 bp −$3,423 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 21 min ago | 0.89 bp | 11.6 bp −$12 | 24.5 bp −$245 | 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 | −0.0734% | 1h | 0.1116 | −0.036% | $101K | $50K | 25x | as long as short |
| Injective ALGO/USDC PERP | −0.0212% | 1h | 0.1117 | +0.027% | $832 | $202K | 12x | as long as short |
| Bybit ALGOUSDT | −0.0133% | 8h | 0.1116 | −0.063% | $11.3M | $12.3M | 75x | as long as short |
| Variational Omni ALGO | −0.0095% | 8h | 0.1116 | −0.071% | $65K | $10K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1118 | +0.134% | $62K | $331K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1118 | +0.108% | $6K | — | 150x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0093% | 1h | 0.1117 | +0.018% | $839K | $1.2M | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1118 | +0.097% | $3.7M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1117 | +0.006% | $44K | $31K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1116 | −0.027% | $9.9M | $34.8M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Injective ALGO/USDC PERP
Bybit ALGOUSDT
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Kraken Futures PF_ALGOUSD
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1116 | −0.063% | $3.0M | $7.7M | 50x | as long as short |
| Gate ALGO_USDTlong | +0.0100% | 8h | 0.1117 | long leg | $878K | $867K | 50x | |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1117 | −0.009% | $23.0M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1116 | −0.045% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1117 | +0.027% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1116 | −0.072% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1117 | +0.027% | $66K | $108K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1118 | +0.116% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1116 | −0.066% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDTshort | +0.0220% | 8h | 0.1117 | +0.027% | $491K | $793K | 75x | |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0237% / S −0.0158% | 1h | 0.1117 | +0.064% | $5K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1280% | 1h | 0.1118 | +0.110% | $160K | $5K | 5x | as long as short |
OKX ALGO-USDT-SWAP
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD