Funding you earn now, next payment 23:00 UTC+0.0395%/8h= +43.3% APRpaid last 24h +0.016%
Price spread now: MEXC against Injective−0.205%55s7-day average +0.608% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.034%+$3 on $10k
+Price spread, last 3 days (all we have)+0.758%+$76 · spread now −0.205%, 7d avg +0.608%
=Funding pays, the price is against you. MEXC is 0.813% cheaper against Injective than usual: you would sell low and buy high (spread −0.205% now, against its 7-day average of +0.608%). If the spread goes back, that is −$81 on $10k: about 6.9 days of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.034% in total) that is about 6 months. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.034% in total (about 1.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ALGO/USDC PERP | 0.1120 | −0.0295 | get 0.0037% / 1h | 32m 18s | $834 | $233K | 12x |
| Short | MEXC ALGO_USDT | 0.1118 | 0.0100 | get 0.0100% / 8h | 1h 32m | $23.0M | $2.8M | 200x |
Injective ALGO/USDC PERP
MEXC ALGO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $82.95
- Price spread: −0.205% → +0.608%
- −$81.33
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $1.6
- Costs to cover
- 0.000%
- Break-even
- 6.9 days
Slippage unknown: Injective: no order-book sample; MEXC: live order book, 1 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 MEXC live order book, 1 min ago | 0.89 bp | 5.0 bp −$5 | 63.5 bp −$635 | 530.5 bp −$53.1K | 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 | −0.0643% | 1h | 0.1119 | −0.116% | $101K | $50K | 25x | as long as short |
| Injective ALGO/USDC PERPlong | −0.0295% | 1h | 0.1120 | long leg | $834 | $233K | 12x | |
| Kraken Futures PF_ALGOUSD | −0.0288% | 1h | 0.1119 | −0.123% | $835K | $1.2M | 50x | as long as short |
| Bybit ALGOUSDT | −0.0106% | 8h | 0.1117 | −0.259% | $11.3M | $12.3M | 75x | as long as short |
| Variational Omni ALGO | −0.0086% | 8h | 0.1117 | −0.302% | $65K | $10K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0056% | 1h | 0.1121 | +0.054% | $62K | $332K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1119 | −0.096% | $6K | — | 150x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1119 | −0.054% | $3.7M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.137% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.206% | $9.8M | $34.9M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDT
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
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 | 0.1118 | −0.223% | $3.0M | $7.7M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1119 | −0.134% | $888K | $853K | 50x | as long as short |
| MEXC ALGO_USDTshort | +0.0100% | 8h | 0.1118 | −0.205% | $23.0M | $2.8M | 200x | |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1118 | −0.161% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.179% | $5.6M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1118 | −0.196% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1119 | −0.116% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1121 | +0.089% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1117 | −0.226% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1118 | −0.152% | $488K | $792K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0253% / S −0.0187% | 1h | 0.1119 | −0.113% | $5K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1533% | 1h | 0.1120 | −0.042% | $160K | $4K | 5x | as long as short |
OKX ALGO-USDT-SWAP
Gate 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