Funding you earn now, next payment 22:00 UTC+0.0338%/8h= +37.0% APRnext payment +$0.42 per $10,000 · paid last 24h +0.123%
Price spread now: Injective against Deribit−0.783%7-day average −0.595% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.096%+$110 on $10k
+Price spread, last 3 days (all we have)+0.269%+$27 · spread now −0.783%, 7d avg −0.595%
=Funding pays, the price is against you. Injective is 0.188% cheaper against Deribit than usual: you would sell low and buy high (spread −0.783% now, against its 7-day average of −0.595%). If the spread goes back, that is −$19 on $10k: about 45 hours of funding at the current rate (+$10 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ALGO_USDC-PERPETUAL | 0.1124 | −0.0550 | get 0.0069% / 1h | 31m 15s | $102K | $50K | 25x |
| Short | Injective ALGO/USDC PERP | 0.1115 | −0.0212 | pay 0.0027% / 1h | 31m 15s | $830 | $175K | 12x |
Deribit ALGO_USDC-PERPETUAL
Injective ALGO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $70.91
- Price spread: −0.783% → −0.595%
- −$18.82
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $45.06
- Costs to cover
- 0.070%
- Break-even
- 2.6 days
Slippage unknown: Deribit: live order book, 57 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 Deribit live order book, 57 min ago | 3.58 bp | 17.8 bp −$18 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALGO_USDC-PERPETUALlong | −0.0550% | 1h | 0.1124 | long leg | $102K | $50K | 25x | |
| Injective ALGO/USDC PERPshort | −0.0212% | 1h | 0.1115 | −0.783% | $830 | $175K | 12x | |
| Bybit ALGOUSDT | −0.0122% | 8h | 0.1122 | −0.133% | $11.3M | $12.2M | 75x | as long as short |
| Variational Omni ALGO | −0.0087% | 8h | 0.1113 | −0.982% | $65K | $10K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1121 | −0.267% | $62K | $331K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1124 | +0.006% | $6K | — | 150x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0092% | 1h | 0.1124 | +0.021% | $843K | $1.2M | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1125 | +0.071% | $3.8M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1124 | +0.014% | $44K | $31K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1123 | −0.033% | $10.0M | $34.8M | 75x | as long as short |
Bybit ALGOUSDT
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Kraken Futures PF_ALGOUSD
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 | 0.1123 | −0.080% | $3.0M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1123 | −0.044% | $883K | $818K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1123 | −0.044% | $23.2M | $2.9M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1124 | −0.018% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1124 | +0.018% | $5.7M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1123 | −0.062% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1124 | −0.027% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1125 | +0.107% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1124 | −0.010% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1122 | −0.169% | $490K | $796K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0238% / S −0.0158% | 1h | 0.1124 | +0.062% | $5K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1345% | 1h | 0.1123 | −0.059% | $161K | $5K | 5x | as long as short |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD