ALGO

Alert

Funding spread now, next payment 17:00 UTC−0.0241%/8h

next payment, per $10,000−$0.30paid, last 24h−0.010%paid, last 5 days−0.085%to open and close $10k−$79

Long on Coinbase International Short on Kraken Futures

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.085% in total (about -6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.30 per $10,000. 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	Coinbase International ALGO-PERP-INTX	0.1124	0.0048	pay 0.0006% / 1h	45m 42s	$61K	$397K	50x
Short	Kraken Futures PF_ALGOUSD	0.1114	−0.0193	pay 0.0024% / 1h	45m 42s	$825K	$1.6M	50x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee Kraken FuturesbpOrdersRate

Funding earned: −$50.62
Slippage, 4 orders: −$59.24
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$129.86
Break-even: never at this rate

Slippage from Coinbase International: live order book, 59 min ago; Kraken Futures: live order book, 4 min ago.

Price risk

price view

Price gap now: −0.873%
Avg gap 7d: +0.121%

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, 59 min ago	5.78 bp	14.3 bp −$14	21.6 bp −$216	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	8.03 bp	30.3 bp −$30	60.4 bp −$604	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
Deribit ALGO_USDC-PERPETUAL	−0.0378%	1h	$101K	$55K	25x	as long as short
Kraken Futures PF_ALGOUSDshort	−0.0193%	1h	$825K	$1.6M	50x
Bybit ALGOUSDT	−0.0021%	8h	$11.3M	$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-INTXlong	+0.0048%	1h	$61K	$397K	50x
Variational Omni ALGO	+0.0095%	8h	$64K	$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	$840K	$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]	L +0.0156% / S −0.0080%	1h	$5K	—	100x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	$509K	$771K	75x	as long as short
dYdX ALGO-USD	+0.1793%	1h	$160K	$6K	5x	as long as short