Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Phemex−0.280%7-day average −0.139% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$820.816% of the position
Funding, last 7 days−0.085%−$8 on $10k
+Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.280%, 7d avg −0.139%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.141% cheaper against Phemex than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.139%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ALGOUSDT | 0.1090 | 0.0100 | pay 0.0100% / 8h | 4h 30m | $3.7M | $1.7M | 50x |
| Short | Binance ALGOUSDT | 0.1087 | 0.0100 | get 0.0100% / 8h | 4h 30m | $9.2M | $33.7M | 75x |
Phemex ALGOUSDT
Binance ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. 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: −0.280% → −0.139%
- −$14.12
- Slippage, 4 orders
- −$59.64
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$95.76
- Costs to cover
- 0.816%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; Binance: live order book, 4 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 Phemex live order book, 2 min ago | 9.17 bp | 26.7 bp −$27 | 62.2 bp −$622 | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 0.46 bp | 12.9 bp −$13 | 28.3 bp −$283 | doesn't fit | doesn't fit |
ALGO on 22 exchanges
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 | −0.1129% | 1h | 0.1087 | −0.312% | $86K | $41K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0509% | 1h | 0.1088 | −0.205% | $785K | $1.1M | 50x | as long as short |
| Bybit ALGOUSDT | −0.0115% | 8h | 0.1086 | −0.330% | $10.4M | $13.5M | 75x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1088 | −0.201% | $16K | — | 150x | as long as short |
| Variational Omni ALGO | +0.0001% | 8h | 0.1087 | −0.290% | $59K | $13K | — | as long as short |
| OKX ALGO-USDT-SWAP | +0.0013% | 8h | 0.1087 | −0.239% | $2.6M | $7.8M | 50x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +2.752% | $834 | $233K | 12x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0088% | 1h | 0.1091 | +0.073% | $64K | $177K | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1089 | −0.119% | $3.3M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1088 | −0.149% | $43K | $38K | 5x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDT
gTrade (Gains Network) ALGO/USD
Variational Omni ALGO
OKX ALGO-USDT-SWAP
Injective ALGO/USDC PERP
Coinbase International ALGO-PERP-INTX
Hyperliquid ALGO
Aster ALGOUSDTShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ALGOUSDTshort | +0.0100% | 8h | 0.1087 | −0.280% | $9.2M | $33.7M | 75x | |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1089 | −0.101% | $826K | $874K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1087 | −0.266% | $23.5M | $3.3M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1088 | −0.183% | $3.3M | $1.3M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1086 | −0.367% | $5.3M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1088 | −0.211% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1087 | −0.266% | $56K | $121K | 75x | as long as short |
| Phemex ALGOUSDTlong | +0.0100% | 8h | 0.1090 | long leg | $3.7M | $1.7M | 50x | |
| Extended ALGO-USD | +0.0104% | 1h | 0.1087 | −0.301% | $8K | $307K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1089 | −0.110% | $468K | $845K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0315% / S −0.0264% | 1h | 0.1087 | −0.262% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1512% | 1h | 0.1088 | −0.166% | $158K | $4K | 5x | as long as short |
Gate ALGO_USDT
MEXC 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