ALGO

Alert

Funding spread now, next payment 18:00 UTC+0.0046%/8h

next payment, per $10,000+$0.06paid, last 24h+0.118%paid, last 3 days+0.346%to open and closeno order book

Long on Coinbase International Short on GMX

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ALGO-PERP-INTX	0.1106	0.0032	pay 0.0004% / 1h	55m 06s	$62K	$360K	50x
Short	GMX ALGO/USD [WBTC.b-USDC]	0.1108	L +0.0155% / S −0.0078%	get 0.0010% / 1h	55m 06s	$5K	—	100x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee GMXbpOrdersRate

Funding earned: $9.74
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$12.26
Break-even: 15.8 days

Slippage unknown: Coinbase International: live order book, 44 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.235%
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 Coinbase International live order book, 44 min ago	6.29 bp	14.8 bp −$15	22.5 bp −$225	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
Kraken Futures PF_ALGOUSD	−0.0374%	1h	$815K	$1.3M	50x	as long as short
Deribit ALGO_USDC-PERPETUAL	−0.0111%	1h	$100K	$55K	25x	as long as short
Bybit ALGOUSDT	−0.0037%	8h	$11.2M	$12.7M	75x	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-INTXlong	+0.0032%	1h	$62K	$360K	50x
Injective ALGO/USDC PERP	+0.0033%	1h	$841	$81K	12x	as long as short
Variational Omni ALGO	+0.0057%	8h	$64K	$13K	—	as long as short
Hyperliquid ALGO	+0.0100%	1h	$3.6M	$2.1M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	$44K	$73K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	$9.8M	$36.1M	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	$8.3M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	$842K	$814K	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	$22.0M	$3.0M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	$3.5M	$1.7M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	$5.6M	$3.8M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	—	$3.1M	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	$66K	$112K	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]short	L +0.0155% / S −0.0078%	1h	$5K	—	100x
BloFin ALGO-USDT	+0.0220%	8h	$490K	$789K	75x	as long as short
dYdX ALGO-USD	+0.7984%	1h	$159K	$6K	5x	as long as short