ALGO

Alert

Funding spread now, next payment 15:00 UTC−0.1434%/8h

paid, last 24h−0.034%paid, last 7 days−0.367%to open and close $10k−$83

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.367% in total (about -19.1% 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	BingX ALGO-USDT	0.1137	0.0100	pay 0.0100% / 8h	1h 37m	—	$3.3M	—
Short	Kraken Futures PF_ALGOUSD	0.1136	−0.1334	pay 0.0167% / 1h	37m 58s	$868K	$1.9M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee Kraken FuturesbpOrdersRate

Funding earned: −$301.23
Slippage, 4 orders: −$63.22
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$384.45
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; Kraken Futures: live order book, 2 min ago.

Price risk

price view

Price gap now: −0.045%
Avg gap 7d: +0.101%

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, 3 min ago	4.41 bp	16.2 bp −$16	35.9 bp −$359	320.7 bp −$32.1K	757.1 bp −$378.6K
Sell Kraken Futures live order book, 2 min ago	11.90 bp	32.1 bp −$32	72.1 bp −$721	doesn't fit	doesn't fit

ALGO on 22 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_ALGOUSDshort	−0.1334%	1h	$868K	$1.9M	50x
Deribit ALGO_USDC-PERPETUAL	−0.0190%	1h	$103K	$60K	25x	as long as short
Injective ALGO/USDC PERP	−0.0120%	1h	$859	$100K	12x	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	+0.0016%	1h	$69K	$506K	50x	as long as short
Hyperliquid ALGO	+0.0100%	1h	$3.9M	$2.9M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	$43K	$93K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	$10.5M	$42.5M	75x	as long as short
Bybit ALGOUSDT	+0.0100%	8h	$11.8M	$14.3M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	$3.1M	$11.2M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate ALGO_USDT	+0.0100%	8h	$859K	$1.2M	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	$22.2M	$4.2M	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	$4.5M	75x	as long as short
BingX ALGO-USDTlong	+0.0100%	8h	—	$3.3M	—
Variational Omni ALGO	+0.0100%	8h	$62K	$193K	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	$67K	$131K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	$4.0M	$2.1M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	$13K	$248K	10x	as long as short
dYdX ALGO-USD	+0.0186%	1h	$163K	$6K	5x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	$526K	$747K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0239% / S −0.0167%	1h	$5K	—	100x	as long as short