ALGO

Alert

Funding spread now, next payment 16:00 UTC−0.0036%/8h

paid, last 24h−0.043%paid, last 5 days−0.255%to open and closeno order book

Long on Aster Short on Coinbase International

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ALGOUSDT	0.1121	0.0100	pay 0.0100% / 8h	7h 14m	$44K	$74K	5x
Short	Coinbase International ALGO-PERP-INTX	0.1121	0.0064	get 0.0008% / 1h	14m 21s	$61K	$400K	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee Coinbase InternationalbpOrdersRate

Funding earned: −$7.56
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$25.56
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Coinbase International: live order book, 30 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.006%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Aster no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 30 min ago	5.78 bp	10.8 bp −$11	16.5 bp −$165	doesn't fit	doesn't fit

Aster: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_ALGOUSD	−0.0505%	1h	$842K	$1.7M	50x	as long as short
Bybit ALGOUSDT	−0.0042%	8h	$11.4M	$13.1M	75x	as long as short
Deribit ALGO_USDC-PERPETUAL	0.0000%	1h	$101K	$55K	25x	as long as short
gTrade (Gains Network) ALGO/USD	L +0.0001% / S +0.0003%	1h	$7K	—	150x	as long as short
Injective ALGO/USDC PERP	+0.0033%	1h	$841	$115K	12x	as long as short
Coinbase International ALGO-PERP-INTXshort	+0.0064%	1h	$61K	$400K	50x
Variational Omni ALGO	+0.0097%	8h	$65K	$104K	—	as long as short
Hyperliquid ALGO	+0.0100%	1h	$3.6M	$2.3M	5x	as long as short
Aster ALGOUSDTlong	+0.0100%	8h	$44K	$74K	5x
Binance ALGOUSDT	+0.0100%	8h	$10.3M	$36.9M	75x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX ALGO-USDT-SWAP	+0.0100%	8h	$3.0M	$8.9M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	$845K	$942K	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	$22.2M	$3.4M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	$3.6M	$1.8M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	$5.6M	$3.9M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	—	$3.1M	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	$67K	$110K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	$3.8M	$1.9M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	$6K	$207K	10x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0157% / S −0.0080%	1h	$5K	—	100x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	$514K	$779K	75x	as long as short
dYdX ALGO-USD	+0.1020%	1h	$161K	$6K	5x	as long as short