Funding you earn now, next payment 00:00 UTC−0.0370%/8h= −40.5% APRnext payment −$0.46 per $10,000 · paid last 24h −0.100%
Price spread now: Deribit against gTrade (Gains Network)−0.044%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Deribit is 0.044% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) ALGO/USD | 0.1130 | L +0.0001% / S +0.0003% | pay 0.0000% / 1h | 47m 41s | $6K | — | 150x |
| Short | Deribit ALGO_USDC-PERPETUAL | 0.1130 | −0.0369 | pay 0.0046% / 1h | 47m 41s | $102K | $50K | 25x |
gTrade (Gains Network) ALGO/USD
Deribit ALGO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against gTrade (Gains Network). 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
- −$77.61
- Price spread: −0.044% → 0.000%
- −$4.42
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$99.03
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: gTrade (Gains Network): no order-book sample; Deribit: live order book, 31 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 31 min ago | 4.91 bp | 14.6 bp −$15 | 23.7 bp −$237 | doesn't fit | doesn't fit |
gTrade (Gains Network): 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-PERPETUALshort | −0.0369% | 1h | 0.1130 | −0.044% | $102K | $50K | 25x | |
| Kraken Futures PF_ALGOUSD | −0.0157% | 1h | 0.1130 | −0.033% | $840K | $1.2M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0112% | 1h | 0.1121 | −0.849% | $62K | $332K | 50x | as long as short |
| Bybit ALGOUSDT | −0.0095% | 8h | 0.1128 | −0.212% | $11.3M | $12.3M | 75x | as long as short |
| Variational Omni ALGO | −0.0080% | 8h | 0.1127 | −0.309% | $65K | $10K | — | as long as short |
| gTrade (Gains Network) ALGO/USDlong | L +0.0001% / S +0.0003% | 1h | 0.1130 | long leg | $6K | — | 150x | |
| Injective ALGO/USDC PERP | +0.0026% | 1h | 0.1120 | −0.902% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1131 | +0.097% | $3.8M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1130 | −0.036% | $45K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1129 | −0.143% | $9.9M | $34.8M | 75x | as long as short |
Kraken Futures PF_ALGOUSD
Coinbase International ALGO-PERP-INTX
Bybit ALGOUSDT
Variational Omni ALGO
Injective ALGO/USDC PERP
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 | 0.1129 | −0.150% | $3.0M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1129 | −0.124% | $891K | $834K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1129 | −0.088% | $23.5M | $2.8M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1129 | −0.124% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1129 | −0.106% | $5.7M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1128 | −0.159% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1129 | −0.106% | $67K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1132 | +0.159% | $3.9M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1128 | −0.163% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1128 | −0.230% | $489K | $797K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0313% / S −0.0296% | 1h | 0.1130 | −0.019% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1599% | 1h | 0.1130 | −0.045% | $162K | $3K | 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