ALGO

Alert

Funding spread now, next payment 18:00 UTC+0.2214%/8h

paid, last 24h+0.433%paid, last 7 days+1.219%to open and close $10k−$209

The current rate is far above what this pair has been paying: over the last 7 days it paid 1.219% in total (about 63.6% 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	Bitget ALGOUSDT	0.1110	0.0100	pay 0.0100% / 8h	6h 14m	$5.6M	$3.8M	75x
Short	dYdX ALGO-USD	0.1110	0.2314	get 0.0289% / 1h	14m 43s	$159K	$6K	5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee dYdXbpOrdersRate

Funding earned: $465
Slippage, 4 orders: −$186.96
Fee Bitget: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: $256.04
Break-even: 3.1 days

Slippage from Bitget: live order book, 5 min ago; dYdX: live order book, 26 min ago.

Price risk

price view

Price gap now: +0.040%
Avg gap 7d: +0.021%

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 Bitget live order book, 5 min ago	4.50 bp	10.5 bp −$11	17.8 bp −$178	doesn't fit	doesn't fit
Sell dYdX live order book, 26 min ago	13.27 bp	158.7 bp −$159	280.3 bp −$2,803	360.9 bp −$36.1K	775.1 bp −$387.6K

ALGO on 22 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit ALGO_USDC-PERPETUAL	−0.0291%	1h	$100K	$55K	25x	as long as short
Kraken Futures PF_ALGOUSD	−0.0194%	1h	$822K	$1.3M	50x	as long as short
Bybit ALGOUSDT	−0.0063%	8h	$11.2M	$12.6M	75x	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-INTX	+0.0048%	1h	$63K	$373K	50x	as long as short
Variational Omni ALGO	+0.0061%	8h	$65K	$14K	—	as long as short
Hyperliquid ALGO	+0.0100%	1h	$3.6M	$2.0M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	$44K	$73K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	$9.9M	$36.3M	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	$8.4M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	$845K	$928K	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	$22.0M	$3.2M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	$3.6M	$1.7M	50x	as long as short
Bitget ALGOUSDTlong	+0.0100%	8h	$5.6M	$3.8M	75x
BingX ALGO-USDT	+0.0100%	8h	—	$3.1M	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	$67K	$113K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	$3.8M	$1.8M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	$7K	$210K	10x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0155% / S −0.0079%	1h	$5K	—	100x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	$495K	$767K	75x	as long as short
dYdX ALGO-USDshort	+0.2314%	1h	$159K	$6K	5x