Funding you earn now, next payment 02:00 UTC−0.0071%/8h= −7.7% APRnext payment −$0.09 per $10,000 · paid last 24h −0.031%
Price spread now: Injective against Extended+0.126%7-day average −0.542% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 3 days (all we have)−0.563%−$56 · spread now +0.126%, 7d avg −0.542%
=Together, before fees−0.572%+ Points / potential airdropExtended: Active · farm board−$57 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 0.669% dearer against Extended than usual: you sell high and buy low (spread +0.126% now, against its 7-day average of −0.542%): +$67 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 32 days. At the pace of the last 7 days (−0.009% in total) that is about 17 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ALGO-USD | 0.1119 | 0.0104 | pay 0.0013% / 1h | 26m 45s | $6K | $227K | 10x |
| Short | Injective ALGO/USDC PERP | 0.1120 | 0.0033 | get 0.0004% / 1h | 26m 45s | $834 | $233K | 12x |
Extended ALGO-USD
Injective ALGO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Extended. 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
- −$14.84
- Price spread: +0.126% → −0.542%
- $66.85
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $46.99
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Extended: live order book, 40 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 Extended live order book, 40 min ago | 1.30 bp | 13.8 bp −$14 | 124.1 bp −$1,241 | 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 21 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 | −0.0107% | 1h | 0.1119 | +0.064% | $101K | $49K | 25x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1117 | −0.115% | $71K | $289K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1120 | +0.104% | $6K | — | 150x | as long as short |
| Variational Omni ALGO | +0.0004% | 8h | 0.1116 | −0.242% | $61K | $12K | — | as long as short |
| Injective ALGO/USDC PERPshort | +0.0033% | 1h | 0.1120 | +0.126% | $834 | $233K | 12x | |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1121 | +0.189% | $3.6M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1119 | +0.070% | $44K | $39K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1119 | +0.028% | $9.9M | $34.8M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1119 | +0.001% | $11.5M | $12.4M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1119 | +0.064% | $2.9M | $7.7M | 50x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Variational Omni ALGO
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ALGO_USDT | +0.0100% | 8h | 0.1117 | −0.106% | $874K | $857K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1119 | +0.010% | $22.9M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1119 | +0.055% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1119 | +0.037% | $5.6M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1119 | +0.019% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1120 | +0.109% | $61K | $143K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1121 | +0.216% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USDlong | +0.0104% | 1h | 0.1119 | long leg | $6K | $227K | 10x | |
| Kraken Futures PF_ALGOUSD | +0.0261% | 1h | 0.1119 | +0.052% | $830K | $1.1M | 50x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0343% / S −0.0313% | 1h | 0.1120 | +0.104% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1473% | 1h | 0.1119 | +0.002% | $161K | $4K | 5x | as long as short |
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Kraken Futures PF_ALGOUSD
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD