Funding you earn now, next payment 03:00 UTC−0.0187%/8h= −20.4% APRpaid last 24h −0.066%
Price spread now: Injective against BloFin−0.885%7-day average −0.584% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.304%−$30 on $10k
+Price spread, last 4 days (all we have)+0.496%+$50 · spread now −0.885%, 7d avg −0.584%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Injective is 0.301% cheaper against BloFin than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.584%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ALGO-USDT | 0.1130 | 0.0220 | pay 0.0220% / 8h | 5h 33m | $490K | $894K | 75x |
| Short | Injective ALGO/USDC PERP | 0.1120 | 0.0033 | get 0.0004% / 1h | 33m 57s | $834 | $233K | 12x |
BloFin ALGO-USDT
Injective ALGO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BloFin. 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
- −$39.2
- Price spread: −0.885% → −0.584%
- −$30.14
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$81.36
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 8 min ago; Injective: no order-book sample. Net counts fees only.
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 BloFin live order book, 8 min ago | 0.45 bp | 13.9 bp −$14 | 34.7 bp −$347 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.1130 | +0.007% | $17K | — | 150x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | 0.0000% | 1h | 0.1131 | +0.115% | $90K | $45K | 25x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0032% | 1h | 0.1131 | +0.088% | $71K | $274K | 50x | as long as short |
| Injective ALGO/USDC PERPshort | +0.0033% | 1h | 0.1120 | −0.885% | $834 | $233K | 12x | |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1135 | +0.428% | $3.8M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1132 | +0.192% | $45K | $40K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1132 | +0.193% | $9.9M | $34.5M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1132 | +0.195% | $11.8M | $12.4M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1131 | +0.124% | $2.9M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1132 | +0.168% | $897K | $862K | 50x | as long as short |
gTrade (Gains Network) ALGO/USD
Deribit ALGO_USDC-PERPETUAL
Coinbase International ALGO-PERP-INTX
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 | 0.1132 | +0.195% | $23.1M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1133 | +0.248% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1133 | +0.265% | $5.7M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1132 | +0.159% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1130 | −0.019% | $62K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1130 | +0.018% | $60K | $140K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1133 | +0.265% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1132 | +0.202% | $4K | $229K | 10x | as long as short |
| BloFin ALGO-USDTlong | +0.0220% | 8h | 0.1130 | long leg | $490K | $894K | 75x | |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0344% / S −0.0313% | 1h | 0.1130 | +0.025% | $7K | — | 100x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0349% | 1h | 0.1132 | +0.195% | $838K | $1.1M | 50x | as long as short |
| dYdX ALGO-USD | +0.2330% | 1h | 0.1130 | −0.024% | $163K | $4K | 5x | as long as short |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
GMX ALGO/USD [WBTC.b-USDC]
Kraken Futures PF_ALGOUSD
dYdX ALGO-USD