ALGO

Alert

Funding spread now, next payment 18:00 UTC−0.0140%/8h

paid, last 24h+0.041%paid, last 3 days−0.123%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ALGO-USDT	0.1117	0.0220	pay 0.0220% / 8h	6h 46m	$509K	$771K	75x
Short	GMX ALGO/USD [WBTC.b-USDC]	0.1118	L +0.0156% / S −0.0080%	get 0.0010% / 1h	46m 47s	$5K	—	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee GMXbpOrdersRate

Funding earned: −$29.48
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$53.48
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 56 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.084%
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 BloFin live order book, 56 min ago	3.55 bp	13.1 bp −$13	27.0 bp −$270	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Deribit ALGO_USDC-PERPETUAL	−0.0287%	1h	$101K	$55K	25x	as long as short
Kraken Futures PF_ALGOUSD	−0.0192%	1h	$835K	$1.6M	50x	as long as short
Bybit ALGOUSDT	0.0000%	8h	$11.4M	$12.9M	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	$61K	$397K	50x	as long as short
Variational Omni ALGO	+0.0096%	8h	$65K	$103K	—	as long as short
Hyperliquid ALGO	+0.0100%	1h	$3.7M	$2.2M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	$44K	$74K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	$10.3M	$36.4M	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	$8.6M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	$842K	$902K	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	$22.1M	$3.2M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	$3.6M	$1.7M	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	$66K	$108K	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]short	L +0.0156% / S −0.0080%	1h	$5K	—	100x
BloFin ALGO-USDTlong	+0.0220%	8h	$509K	$771K	75x
dYdX ALGO-USD	+0.1822%	1h	$160K	$6K	5x	as long as short