Funding you earn now, next payment 03:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.037%
Price spread now: Coinbase International against HTX+0.667%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$229as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1871.872% of the position
Funding, last 7 days−0.420%−$42 on $10k
+Price spread, last 4 days (all we have)−0.786%−$79 · spread now +0.667%, 7d avg +0.010%
=The price spread pays, funding is against you. Coinbase International is 0.657% dearer against HTX than usual: you sell high and buy low (spread +0.667% now, against its 7-day average of +0.010%): +$66 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4 months. At the pace of the last 7 days (−0.420% in total) that is about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX ALGO-USDT | 0.1109 | 0.0100 | pay 0.0100% / 8h | 4h 20m | $60K | $136K | 75x |
| Short | Coinbase International ALGO-PERP-INTX | 0.1116 | 0.0080 | get 0.0010% / 1h | 20m 32s | $88K | $290K | 50x |
HTX ALGO-USDT
Coinbase International ALGO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against HTX. 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
- −$4.2
- Price spread: +0.667% → +0.010%
- $65.68
- Slippage, 4 orders
- −$165.24
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$125.76
- Costs to cover
- 1.872%
- Break-even
- never at this rate
Slippage from HTX: live order book, 36 min ago; Coinbase International: live order book, 37 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 HTX live order book, 36 min ago | 11.16 bp | 46.4 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 37 min ago | 8.53 bp | 13.5 bp −$14 | 26.2 bp −$262 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1109 | −0.026% | $16K | — | 150x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | 0.0000% | 1h | 0.1109 | −0.045% | $88K | $44K | 25x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.992% | $834 | $233K | 12x | as long as short |
| Coinbase International ALGO-PERP-INTXshort | +0.0080% | 1h | 0.1116 | +0.667% | $88K | $290K | 50x | |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1111 | +0.180% | $3.6M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1110 | +0.082% | $44K | $38K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1110 | +0.060% | $9.6M | $34.5M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1109 | −0.045% | $11.1M | $12.6M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1109 | +0.027% | $2.8M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1108 | −0.090% | $861K | $905K | 50x | as long as short |
gTrade (Gains Network) ALGO/USD
Deribit ALGO_USDC-PERPETUAL
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 | +0.153% | $23.0M | $3.1M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1109 | +0.045% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1110 | +0.090% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1109 | +0.036% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1107 | −0.158% | $61K | $12K | — | as long as short |
| HTX ALGO-USDTlong | +0.0100% | 8h | 0.1109 | long leg | $60K | $136K | 75x | |
| Extended ALGO-USD | +0.0104% | 1h | 0.1110 | +0.114% | $6K | $231K | 10x | as long as short |
| Phemex ALGOUSDT | +0.0119% | 8h | 0.1110 | +0.090% | $3.7M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1109 | −0.009% | $477K | $874K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0318% / S −0.0264% | 1h | 0.1109 | −0.031% | $6K | — | 100x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0378% | 1h | 0.1109 | −0.007% | $819K | $1.0M | 50x | as long as short |
| dYdX ALGO-USD | +0.0875% | 1h | 0.1109 | −0.014% | $160K | $4K | 5x | as long as short |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
Extended ALGO-USD
Phemex ALGOUSDT
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
Kraken Futures PF_ALGOUSD
dYdX ALGO-USD