Funding you earn now, next payment 01:00 UTC−0.0097%/8h= −10.7% APRnext payment −$0.12 per $10,000 · paid last 24h −0.010%
Price spread now: Coinbase International against Injective−0.554%7-day average +0.540% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.285%−$28 on $10k
+Price spread, last 3 days (all we have)+0.986%+$99 · spread now −0.554%, 7d avg +0.540%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Coinbase International is 1.093% cheaper against Injective than usual: you would sell low and buy high (−$109 if the spread goes back to its 7-day average of +0.540%). Swap the legs.
| 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 | 50m 31s | $834 | $233K | 12x |
| Short | Coinbase International ALGO-PERP-INTX | 0.1114 | −0.0064 | pay 0.0008% / 1h | 50m 31s | $87K | $272K | 50x |
Injective ALGO/USDC PERP
Coinbase International ALGO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$20.44
- Price spread: −0.554% → +0.540%
- −$109.34
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$139.8
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Coinbase International: live order book, 17 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 Coinbase International live order book, 17 min ago | 11.18 bp | 16.2 bp −$16 | 21.3 bp −$213 | 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 | −0.0290% | 1h | 0.1110 | −0.929% | $101K | $49K | 25x | as long as short |
| Coinbase International ALGO-PERP-INTXshort | −0.0064% | 1h | 0.1114 | −0.554% | $87K | $272K | 50x | |
| Variational Omni ALGO | −0.0039% | 8h | 0.1109 | −1.011% | $61K | $12K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1111 | −0.844% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERPlong | +0.0033% | 1h | 0.1120 | long leg | $834 | $233K | 12x | |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1115 | −0.429% | $3.6M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1112 | −0.744% | $44K | $38K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1114 | −0.501% | $9.9M | $34.9M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1113 | −0.598% | $11.3M | $12.2M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1113 | −0.589% | $2.9M | $7.6M | 50x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ALGO_USDT | +0.0100% | 8h | 0.1111 | −0.813% | $872K | $838K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1112 | −0.688% | $22.8M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1110 | −0.857% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1114 | −0.536% | $5.6M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1114 | −0.518% | — | $3.4M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1111 | −0.795% | $60K | $143K | 75x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1112 | −0.724% | $8K | $229K | 10x | as long as short |
| Phemex ALGOUSDT | +0.0105% | 8h | 0.1112 | −0.714% | $3.8M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1110 | −0.848% | $489K | $767K | 75x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0263% | 1h | 0.1110 | −0.861% | $823K | $1.1M | 50x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0341% / S −0.0313% | 1h | 0.1110 | −0.891% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.2025% | 1h | 0.1110 | −0.868% | $160K | $4K | 5x | as long as short |
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Extended ALGO-USD
Phemex ALGOUSDT
BloFin ALGO-USDT
Kraken Futures PF_ALGOUSD
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD