Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.030%
Price spread now: Binance against Injective−0.571%7-day average +0.455% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.053%+$5 on $10k
+Price spread, last 4 days (all we have)+0.705%+$71 · spread now −0.571%, 7d avg +0.455%
=Funding pays, the price is against you. Binance is 1.026% cheaper against Injective than usual: you would sell low and buy high (spread −0.571% now, against its 7-day average of +0.455%). If the spread goes back, that is −$103 on $10k: about 51 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.053% in total) that is about 4 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ALGO/USDC PERP | 0.1120 | 0.0033 | pay 0.0004% / 1h | 39m 10s | $834 | $233K | 12x |
| Short | Binance ALGOUSDT | 0.1114 | 0.0100 | get 0.0100% / 8h | 7h 39m | $9.5M | $34.5M | 75x |
Injective ALGO/USDC PERP
Binance ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Injective. 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
- Price spread: −0.571% → +0.455%
- −$102.6
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$98.62
- Costs to cover
- 0.100%
- Break-even
- 56.3 days
Slippage unknown: Injective: no order-book sample; Binance: live order book, 2 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 Injective no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 2 min ago | 0.45 bp | 11.8 bp −$12 | 34.1 bp −$341 | doesn't fit | doesn't fit |
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-PERPETUAL | −0.0646% | 1h | 0.1115 | −0.411% | $88K | $46K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0025% | 1h | 0.1115 | −0.402% | $828K | $1.1M | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1116 | −0.318% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERPlong | +0.0033% | 1h | 0.1120 | long leg | $834 | $233K | 12x | |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1116 | −0.393% | $3.4M | $2.4M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1115 | −0.465% | $44K | $37K | 5x | as long as short |
| Binance ALGOUSDTshort | +0.0100% | 8h | 0.1114 | −0.571% | $9.5M | $34.5M | 75x | |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1113 | −0.589% | $11.2M | $13.0M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1114 | −0.536% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1114 | −0.545% | $838K | $918K | 50x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
gTrade (Gains Network) ALGO/USD
Hyperliquid ALGO
Aster ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1114 | −0.509% | $23.6M | $3.3M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1115 | −0.473% | $3.4M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1114 | −0.536% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1114 | −0.509% | — | $3.4M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1115 | −0.467% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1115 | −0.438% | $58K | $137K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1117 | −0.268% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1115 | −0.452% | $7K | $198K | 10x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0144% | 1h | 0.1119 | −0.054% | $63K | $195K | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1114 | −0.554% | $476K | $835K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0323% / S −0.0272% | 1h | 0.1116 | −0.379% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1244% | 1h | 0.1117 | −0.279% | $161K | $5K | 5x | as long as short |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
Coinbase International ALGO-PERP-INTX
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD