Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Gate−0.108%7-day average +0.189% · you buy dearer than you sell
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$170as in the Price arb table
costs, in and out, $10k−$1401.405% of the position
Funding, last 7 days+0.061%+$6 on $10k
+Price spread, last 3 days (all we have)+0.344%+$34 · spread now −0.108%, 7d avg +0.189%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.298% cheaper against Gate than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of +0.189%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ALGO_USDT | 0.1110 | 0.0100 | pay 0.0100% / 8h | 5h 56m | $869K | $847K | 50x |
| Short | Phemex ALGOUSDT | 0.1109 | 0.0100 | get 0.0100% / 8h | 5h 56m | $3.8M | $1.8M | 50x |
Gate ALGO_USDT
Phemex ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: −0.108% → +0.189%
- −$29.76
- Slippage, 4 orders
- −$113.48
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$170.23
- Costs to cover
- 1.405%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 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 Gate live order book, 5 min ago | 8.99 bp | 45.3 bp −$45 | 381.4 bp −$3,814 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 4.49 bp | 28.2 bp −$28 | 70.4 bp −$704 | 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-PERPETUAL | −0.0202% | 1h | 0.1106 | −0.342% | $100K | $49K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1114 | +0.374% | $17K | — | 150x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0032% | 1h | 0.1120 | +0.892% | $71K | $283K | 50x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.883% | $834 | $233K | 12x | as long as short |
| Variational Omni ALGO | +0.0067% | 8h | 0.1113 | +0.244% | $61K | $12K | — | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1111 | +0.059% | $44K | $41K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1114 | +0.378% | $9.8M | $34.6M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1115 | +0.405% | $11.5M | $12.2M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1115 | +0.414% | $2.9M | $7.7M | 50x | as long as short |
| Gate ALGO_USDTlong | +0.0100% | 8h | 0.1110 | long leg | $869K | $847K | 50x |
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Coinbase International ALGO-PERP-INTX
Injective ALGO/USDC PERP
Variational Omni 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1115 | +0.423% | $22.8M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1115 | +0.432% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1115 | +0.432% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1113 | +0.270% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1106 | −0.360% | $60K | $140K | 75x | as long as short |
| Phemex ALGOUSDTshort | +0.0100% | 8h | 0.1109 | −0.108% | $3.8M | $1.8M | 50x | |
| Extended ALGO-USD | +0.0104% | 1h | 0.1113 | +0.213% | $4K | $232K | 10x | as long as short |
| Hyperliquid ALGO | +0.0175% | 1h | 0.1116 | +0.558% | $3.7M | $2.0M | 5x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0341% / S −0.0313% | 1h | 0.1106 | −0.337% | $7K | — | 100x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0357% | 1h | 0.1107 | −0.289% | $820K | $1.1M | 50x | as long as short |
| dYdX ALGO-USD | +0.2084% | 1h | 0.1111 | +0.091% | $160K | $4K | 5x | as long as short |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Extended ALGO-USD
Hyperliquid ALGO
GMX ALGO/USD [WBTC.b-USDC]
Kraken Futures PF_ALGOUSD
dYdX ALGO-USD