ALGO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0114%/8h= +12.5% APRnext payment +$0.14 per $10,000 · paid last 24h −0.017%

Price spread now: Kraken Futures against gTrade (Gains Network)−0.092%52s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Kraken Futures

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Kraken Futures is 0.092% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.092% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 2.7 days of funding at the current rate (+$3 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ALGO/USD	0.1092	L −0.0001% / S +0.0003%	get 0.0000% / 1h	30m 31s	$16K	—	150x
Short	Kraken Futures PF_ALGOUSD	0.1091	0.0113	get 0.0014% / 1h	30m 31s	$820K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee Kraken FuturesbpOrdersPrice spread, now −0.092%Rate

Funding earned: $23.98
Price spread: −0.092% → 0.000%: −$9.2
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$5.22
Costs to cover: 0.200%
Break-even: 8.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Kraken Futures: live order book, 3 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 Kraken Futures live order book, 3 min ago	15.15 bp	29.1 bp −$29	52.9 bp −$529	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-PERPETUAL	−0.0300%	1h	0.1091	−0.122%	$86K	$44K	25x	as long as short
gTrade (Gains Network) ALGO/USDlong	L −0.0001% / S +0.0003%	1h	0.1092	long leg	$16K	—	150x
Injective ALGO/USDC PERP	+0.0033%	1h	0.1120	+2.543%	$834	$233K	12x	as long as short
Hyperliquid ALGO	+0.0100%	1h	0.1092	+0.016%	$3.4M	$2.3M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	0.1091	−0.067%	$43K	$37K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	0.1092	−0.039%	$9.4M	$34.9M	75x	as long as short
Bybit ALGOUSDT	+0.0100%	8h	0.1092	−0.039%	$10.9M	$12.7M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1092	−0.049%	$2.7M	$7.8M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	0.1090	−0.168%	$834K	$926K	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	0.1091	−0.094%	$22.6M	$3.2M	200x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ALGOUSDTM	+0.0100%	8h	0.1092	−0.012%	$3.4M	$1.5M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1091	−0.113%	$5.4M	$3.6M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1092	−0.021%	—	$3.3M	—	as long as short
Variational Omni ALGO	+0.0100%	8h	0.1090	−0.233%	$60K	$12K	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1091	−0.122%	$59K	$135K	75x	as long as short
Extended ALGO-USD	+0.0104%	1h	0.1091	−0.120%	$4K	$190K	10x	as long as short
Kraken Futures PF_ALGOUSDshort	+0.0113%	1h	0.1091	−0.092%	$820K	$1.1M	50x
Coinbase International ALGO-PERP-INTX	+0.0144%	1h	0.1093	+0.052%	$62K	$289K	50x	as long as short
Phemex ALGOUSDT	+0.0161%	8h	0.1094	+0.162%	$3.7M	$1.8M	50x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	0.1091	−0.122%	$471K	$866K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0317% / S −0.0264%	1h	0.1092	+0.012%	$6K	—	100x	as long as short
dYdX ALGO-USD	+0.1905%	1h	0.1091	−0.100%	$157K	$5K	5x	as long as short