Funding you earn now, next payment 01:00 UTC+0.0055%/8h= +6.0% APRnext payment +$0.07 per $10,000 · paid last 24h +0.022%
Price spread now: Extended against Injective−0.746%7-day average +0.564% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 3 days (all we have)+1.137%+$114 · spread now −0.746%, 7d avg +0.564%
=Together, before fees+1.145%+ Points / potential airdropExtended: Active · farm board+$114 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 1.311% cheaper against Injective than usual: you would sell low and buy high (spread −0.746% now, against its 7-day average of +0.564%). If the spread goes back, that is −$131 on $10k: about 3 months of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.008% in total) that is about years.
| 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 15s | $834 | $233K | 12x |
| Short | Extended ALGO-USD | 0.1112 | 0.0088 | get 0.0011% / 1h | 39m 15s | $8K | $268K | 10x |
Injective ALGO/USDC PERP
Extended ALGO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $11.48
- Price spread: −0.746% → +0.564%
- −$131.07
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$124.61
- Costs to cover
- 0.050%
- Break-even
- 83.0 days
Slippage unknown: Injective: no order-book sample; Extended: live order book, 33 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 Extended live order book, 33 min ago | 1.38 bp | 13.0 bp −$13 | 126.2 bp −$1,262 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALGOUSD | −0.0569% | 1h | 0.1113 | −0.639% | $828K | $1.1M | 50x | as long as short |
| Variational Omni ALGO | −0.0134% | 8h | 0.1113 | −0.600% | $61K | $11K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0104% | 1h | 0.1114 | −0.563% | $67K | $275K | 50x | as long as short |
| Bybit ALGOUSDT | −0.0076% | 8h | 0.1111 | −0.821% | $11.2M | $11.8M | 75x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0020% | 1h | 0.1112 | −0.679% | $101K | $50K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1113 | −0.634% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERPlong | +0.0033% | 1h | 0.1120 | long leg | $834 | $233K | 12x | |
| MEXC ALGO_USDT | +0.0085% | 8h | 0.1113 | −0.643% | $22.8M | $2.9M | 200x | as long as short |
| Binance ALGOUSDT | +0.0085% | 8h | 0.1112 | −0.731% | $9.8M | $34.0M | 75x | as long as short |
| Extended ALGO-USDshort | +0.0088% | 1h | 0.1112 | −0.746% | $8K | $268K | 10x |
Kraken Futures PF_ALGOUSD
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
Bybit ALGOUSDT
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
MEXC ALGO_USDT
Binance ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ALGO | +0.0100% | 1h | 0.1114 | −0.545% | $3.7M | $1.8M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1114 | −0.564% | $44K | $38K | 5x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1112 | −0.688% | $2.9M | $7.4M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1112 | −0.705% | $875K | $814K | 50x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1113 | −0.643% | $3.6M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1113 | −0.625% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1113 | −0.652% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1114 | −0.563% | $66K | $104K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1114 | −0.536% | $3.8M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0205% | 8h | 0.1115 | −0.446% | $490K | $768K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0341% / S −0.0351% | 1h | 0.1113 | −0.621% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1044% | 1h | 0.1113 | −0.640% | $159K | $3K | 5x | as long as short |
Hyperliquid ALGO
Aster ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD