Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against MEXC+0.133%7-day average +0.132% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$550.551% of the position
Funding, last 7 days+0.100%+$10 on $10k
+Price spread, last 3 days (all we have)+0.040%+$4 · spread now +0.133%, 7d avg +0.132%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ALGO_USDT | 0.1128 | 0.0100 | pay 0.0100% / 8h | 38m 55s | $23.1M | $2.9M | 200x |
| Short | Phemex ALGOUSDT | 0.1129 | 0.0100 | get 0.0100% / 8h | 38m 55s | $3.8M | $1.8M | 50x |
MEXC ALGO_USDT
Phemex ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against MEXC. 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: +0.133% → +0.132%
- $0.14
- Slippage, 4 orders
- −$43.11
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$54.97
- Costs to cover
- 0.551%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; Phemex: live order book, 5 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 MEXC live order book, 5 min ago | 0.44 bp | 3.2 bp −$3 | 10.6 bp −$106 | 374.1 bp −$37.4K | doesn't fit |
| Sell Phemex live order book, 5 min ago | 4.41 bp | 26.0 bp −$26 | 57.8 bp −$578 | 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 | −0.0459% | 1h | 0.1128 | +0.027% | $102K | $50K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0157% | 1h | 0.1128 | +0.065% | $839K | $1.1M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0112% | 1h | 0.1130 | +0.222% | $62K | $334K | 50x | as long as short |
| Bybit ALGOUSDT | −0.0102% | 8h | 0.1127 | −0.089% | $11.3M | $12.2M | 75x | as long as short |
| Variational Omni ALGO | −0.0085% | 8h | 0.1127 | −0.039% | $62K | $13K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1129 | +0.115% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0026% | 1h | 0.1120 | −0.665% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1129 | +0.169% | $3.8M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1128 | 0.000% | $44K | $35K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1127 | −0.017% | $9.9M | $34.8M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
Coinbase International ALGO-PERP-INTX
Bybit ALGOUSDT
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
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 | 0.1127 | −0.018% | $3.0M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1129 | +0.133% | $891K | $834K | 50x | as long as short |
| MEXC ALGO_USDTlong | +0.0100% | 8h | 0.1128 | long leg | $23.1M | $2.9M | 200x | |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1128 | +0.027% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1128 | +0.044% | $5.7M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1127 | −0.044% | — | $3.4M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1128 | +0.035% | $67K | $107K | 75x | as long as short |
| Phemex ALGOUSDTshort | +0.0100% | 8h | 0.1129 | +0.133% | $3.8M | $1.8M | 50x | |
| Extended ALGO-USD | +0.0104% | 1h | 0.1128 | +0.018% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1128 | +0.071% | $492K | $798K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0317% / S −0.0304% | 1h | 0.1128 | +0.068% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1546% | 1h | 0.1129 | +0.153% | $162K | $3K | 5x | as long as short |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD