ALGO

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Funding spread now, next payment 17:00 UTC+0.0386%/8h

paid, last 24h+0.137%paid, last 7 days+1.160%to open and close $10k−$50

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ALGO_USDC-PERPETUAL	0.1119	−0.0286	get 0.0036% / 1h	59m 44s	$101K	$55K	25x
Short	Binance ALGOUSDT	0.1119	0.0100	get 0.0100% / 8h	6h 59m	$10.4M	$36.6M	75x

Funding history

latest

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latest

Position, each leg$Hold fordaysFee DeribitbpFee BinancebpOrdersRate

Slippage from Deribit: live order book, 1 min ago; Binance: live order book, 14 min ago.

A gap far from its average can cost days of funding.

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

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Deribit live order book, 1 min ago	1.79 bp	15.1 bp −$15	24.1 bp −$241	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.89 bp	11.8 bp −$12	26.9 bp −$269	doesn't fit	doesn't fit

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_ALGOUSD	−0.0505%	1h	$841K	$1.7M	50x	as long as short
Deribit ALGO_USDC-PERPETUALlong	−0.0286%	1h	$101K	$55K	25x
gTrade (Gains Network) ALGO/USD	L +0.0001% / S +0.0003%	1h	$7K	—	150x	as long as short
Bybit ALGOUSDT	+0.0032%	8h	$11.4M	$13.0M	75x	as long as short
Injective ALGO/USDC PERP	+0.0033%	1h	$841	$115K	12x	as long as short
Coinbase International ALGO-PERP-INTX	+0.0064%	1h	$61K	$398K	50x	as long as short
Variational Omni ALGO	+0.0099%	8h	$65K	$104K	—	as long as short
Hyperliquid ALGO	+0.0100%	1h	$3.6M	$2.2M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	$44K	$74K	5x	as long as short
Binance ALGOUSDTshort	+0.0100%	8h	$10.4M	$36.6M	75x

Show all 22 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX ALGO-USDT-SWAP	+0.0100%	8h	$3.0M	$8.8M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	$843K	$901K	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	$22.2M	$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	$3.9M	$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	$508K	$779K	75x	as long as short
dYdX ALGO-USD	+0.1162%	1h	$161K	$6K	5x	as long as short