Funding you earn now, next payment 11:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h +0.030%
Price spread now: OKX against Injective−3.000%7-day average +0.357% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.005%$0 on $10k
+Price spread, last 4 days (all we have)+3.573%+$357 · spread now −3.000%, 7d avg +0.357%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 3.357% cheaper against Injective than usual: you would sell low and buy high (−$336 if the spread goes back to its 7-day average of +0.357%). 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 | 30m 53s | $834 | $233K | 12x |
| Short | OKX ALGO-USDT-SWAP | 0.1086 | 0.0001 | get 0.0001% / 8h | 5h 30m | $2.6M | $7.8M | 50x |
Injective ALGO/USDC PERP
OKX ALGO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$6.85
- Price spread: −3.000% → +0.357%
- −$335.7
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$352.57
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago | 0.91 bp | 16.6 bp −$17 | 50.9 bp −$509 | 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 exchanges
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 | −0.0316% | 1h | 0.1087 | −2.975% | $794K | $1.1M | 50x | as long as short |
| Bybit ALGOUSDT | −0.0306% | 8h | 0.1086 | −3.054% | $10.5M | $13.4M | 75x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0302% | 1h | 0.1087 | −2.973% | $86K | $41K | 25x | as long as short |
| Variational Omni ALGO | −0.0005% | 8h | 0.1093 | −2.382% | $59K | $13K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1087 | −2.902% | $16K | — | 150x | as long as short |
| OKX ALGO-USDT-SWAPshort | +0.0001% | 8h | 0.1086 | −3.000% | $2.6M | $7.8M | 50x | |
| Injective ALGO/USDC PERPlong | +0.0033% | 1h | 0.1120 | long leg | $834 | $233K | 12x | |
| Coinbase International ALGO-PERP-INTX | +0.0088% | 1h | 0.1087 | −2.955% | $62K | $172K | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1088 | −2.857% | $3.3M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1086 | −3.027% | $43K | $36K | 5x | as long as short |
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDT
Deribit ALGO_USDC-PERPETUAL
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Coinbase International ALGO-PERP-INTX
Hyperliquid ALGO
Aster ALGOUSDTShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ALGOUSDT | +0.0100% | 8h | 0.1086 | −3.000% | $9.2M | $33.7M | 75x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1085 | −3.116% | $817K | $883K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1086 | −3.009% | $23.2M | $3.2M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1086 | −3.018% | $3.3M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1086 | −3.036% | $5.3M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1086 | −2.991% | — | $3.4M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1087 | −2.955% | $56K | $129K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1089 | −2.768% | $3.7M | $1.7M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1086 | −3.039% | $8K | $179K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1086 | −3.036% | $471K | $805K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0315% / S −0.0264% | 1h | 0.1087 | −2.935% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1766% | 1h | 0.1087 | −2.970% | $157K | $5K | 5x | as long as short |
Binance ALGOUSDT
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