Funding you earn now, next payment 06:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h +0.116%
Price spread now: Extended against Deribit−0.209%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.042%+$104 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Extended is 0.209% cheaper against Deribit than usual: you would sell low and buy high (spread −0.209% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 6.7 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+1.042% in total) that is about 34 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ALGO_USDC-PERPETUAL | 0.1102 | 0 | get 0.0000% / 1h | 18m 35s | $87K | $44K | 25x |
| Short | Extended ALGO-USD | 0.1099 | 0.0104 | get 0.0013% / 1h | 18m 35s | $7K | $196K | 10x |
Deribit ALGO_USDC-PERPETUAL
Extended ALGO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Deribit. 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
- $21.84
- Price spread: −0.209% → 0.000%
- −$20.9
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$11.06
- Costs to cover
- 0.120%
- Break-even
- 10.5 days
Slippage unknown: Deribit: no order-book sample; Extended: live order book, 28 min ago. 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Extended live order book, 28 min ago | 0.87 bp | 12.9 bp −$13 | 97.8 bp −$978 | doesn't fit | doesn't fit |
Deribit: 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 | 0.1101 | −0.011% | $16K | — | 150x | as long as short |
| Deribit ALGO_USDC-PERPETUALlong | 0.0000% | 1h | 0.1102 | long leg | $87K | $44K | 25x | |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.670% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1101 | −0.072% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1100 | −0.132% | $44K | $37K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1100 | −0.118% | $9.4M | $34.5M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1100 | −0.154% | $11.0M | $12.6M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1101 | −0.082% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1100 | −0.182% | $835K | $929K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1100 | −0.145% | $22.8M | $3.2M | 200x | as long as short |
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1100 | −0.182% | $3.4M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1100 | −0.145% | $5.4M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1100 | −0.154% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1094 | −0.657% | $60K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1101 | −0.018% | $59K | $135K | 75x | as long as short |
| Extended ALGO-USDshort | +0.0104% | 1h | 0.1099 | −0.209% | $7K | $196K | 10x | |
| Kraken Futures PF_ALGOUSD | +0.0112% | 1h | 0.1101 | −0.032% | $818K | $1.1M | 50x | as long as short |
| Phemex ALGOUSDT | +0.0133% | 8h | 0.1102 | +0.036% | $3.7M | $1.8M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0144% | 1h | 0.1102 | +0.064% | $62K | $247K | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1101 | −0.054% | $469K | $873K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0318% / S −0.0264% | 1h | 0.1102 | +0.036% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1434% | 1h | 0.1101 | −0.053% | $159K | $5K | 5x | as long as short |
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Kraken Futures PF_ALGOUSD
Phemex ALGOUSDT
Coinbase International ALGO-PERP-INTX
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD