ALGO

Alert

Funding spread now, next payment 16:00 UTC+0.0066%/8h

paid, last 24h+0.019%paid, last 7 days−0.129%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ALGO-USDT	0.1134	0.0100	pay 0.0100% / 8h	44m 24s	—	$3.3M	—
Short	Injective ALGO/USDC PERP	0.1129	0.0166	get 0.0021% / 1h	44m 24s	$841	$151K	12x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee InjectivebpOrdersRate

Funding earned: $13.8
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $3.78
Break-even: 5.1 days

Slippage unknown: BingX: live order book, 12 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.450%
Avg gap 7d: −0.710%

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 BingX live order book, 12 min ago	3.52 bp	13.8 bp −$14	30.1 bp −$301	304.1 bp −$30.4K	719.5 bp −$359.8K
Sell Injective no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_ALGOUSD	−0.0777%	1h	$858K	$1.8M	50x	as long as short
Deribit ALGO_USDC-PERPETUAL	−0.0454%	1h	$103K	$57K	25x	as long as short
gTrade (Gains Network) ALGO/USD	L +0.0001% / S +0.0003%	1h	$7K	—	150x	as long as short
Coinbase International ALGO-PERP-INTX	+0.0048%	1h	$69K	$451K	50x	as long as short
Hyperliquid ALGO	+0.0100%	1h	$3.7M	$2.7M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	$43K	$91K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	$10.5M	$39.4M	75x	as long as short
Bybit ALGOUSDT	+0.0100%	8h	$11.8M	$13.2M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	$3.1M	$10.1M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	$858K	$1.0M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC ALGO_USDT	+0.0100%	8h	$22.4M	$3.9M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	$3.7M	$1.8M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	$5.7M	$4.2M	75x	as long as short
BingX ALGO-USDTlong	+0.0100%	8h	—	$3.3M	—
Variational Omni ALGO	+0.0100%	8h	$66K	$197K	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	$67K	$117K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	$3.9M	$2.0M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	$13K	$224K	10x	as long as short
Injective ALGO/USDC PERPshort	+0.0166%	1h	$841	$151K	12x
BloFin ALGO-USDT	+0.0220%	8h	$525K	$715K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0238% / S −0.0167%	1h	$5K	—	100x	as long as short
dYdX ALGO-USD	+0.0290%	1h	$163K	$6K	5x	as long as short