Funding you earn now, next payment 22:00 UTC−0.0428%/8h= −46.8% APRnext payment −$0.53 per $10,000 · paid last 24h −0.123%
Price spread now: Deribit against Injective+0.628%63s7-day average +0.595% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.096%−$110 on $10k
+Price spread, last 3 days (all we have)−0.113%−$11 · spread now +0.628%, 7d avg +0.595%
=The price spread pays, funding is against you. Deribit is 0.033% dearer against Injective than usual: you sell high and buy low (spread +0.628% now, against its 7-day average of +0.595%): +$3 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 6 hours. The two prices were read 63 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 | Injective ALGO/USDC PERP | 0.1115 | −0.0212 | get 0.0027% / 1h | 31m 42s | $830 | $175K | 12x |
| Short | Deribit ALGO_USDC-PERPETUAL | 0.1122 | −0.0640 | pay 0.0080% / 1h | 31m 42s | $102K | $50K | 25x |
Injective ALGO/USDC PERP
Deribit ALGO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$89.81
- Price spread: +0.628% → +0.595%
- $3.3
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$93.53
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Deribit: live order book, 56 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 Deribit live order book, 56 min ago | 3.58 bp | 9.8 bp −$10 | 18.5 bp −$185 | 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-PERPETUALshort | −0.0640% | 1h | 0.1122 | +0.628% | $102K | $50K | 25x | |
| Injective ALGO/USDC PERPlong | −0.0212% | 1h | 0.1115 | long leg | $830 | $175K | 12x | |
| Bybit ALGOUSDT | −0.0122% | 8h | 0.1122 | +0.610% | $11.3M | $12.2M | 75x | as long as short |
| Variational Omni ALGO | −0.0087% | 8h | 0.1113 | −0.201% | $65K | $10K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1121 | +0.520% | $62K | $331K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1122 | +0.643% | $6K | — | 150x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0092% | 1h | 0.1122 | +0.665% | $842K | $1.2M | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1124 | +0.807% | $3.8M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1122 | +0.617% | $44K | $31K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1123 | +0.716% | $10.0M | $34.8M | 75x | as long as short |
Bybit ALGOUSDT
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Kraken Futures PF_ALGOUSD
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 | 0.1123 | +0.682% | $3.0M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1122 | +0.655% | $884K | $818K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1123 | +0.709% | $23.1M | $2.9M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1123 | +0.709% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1124 | +0.807% | $5.7M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1122 | +0.619% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1119 | +0.350% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1123 | +0.717% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1122 | +0.633% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1117 | +0.197% | $492K | $793K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0238% / S −0.0158% | 1h | 0.1123 | +0.682% | $5K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1345% | 1h | 0.1123 | +0.730% | $161K | $5K | 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