data as of
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ALGO

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Funding spread now, next payment 18:00 UTC+0.0209%/8h
next payment, per $10,000+$0.26paid, last 24h+0.137%paid, last 7 days+1.179%to open and close $10k−$55
Long on DeribitShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit ALGO_USDC-PERPETUAL0.1112−0.0109get 0.0014% / 1h31m 38s$101K$55K25x
ShortHyperliquid ALGO0.11140.0100get 0.0013% / 1h31m 38s$3.6M$2.1M5x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$43.89
Slippage, 4 orders
−$38.95
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$11.06
Break-even
8.8 days
Slippage from Deribit: live order book, 29 min ago; Hyperliquid: live order book, 1 min ago.

Price risk

price view
Price gap now
+0.162%
Avg gap 7d
+0.096%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 29 min ago1.79 bp15.1 bp −$1524.1 bp −$241doesn't fitdoesn't fit
Sell Hyperliquid live order book, 1 min ago1.80 bp14.2 bp −$14doesn't fitdoesn't fitdoesn't fit

ALGO on 22 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_ALGOUSD−0.0193%1h$824K$1.6M50xas long as short
Deribit ALGO_USDC-PERPETUALlong−0.0109%1h$101K$55K25x
Bybit ALGOUSDT−0.0050%8h$11.3M$12.7M75xas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h$7K—150xas long as short
Injective ALGO/USDC PERP+0.0033%1h$841$115K12xas long as short
Coinbase International ALGO-PERP-INTX+0.0048%1h$61K$394K50xas long as short
Variational Omni ALGO+0.0079%8h$64K$102K—as long as short
Hyperliquid ALGOshort+0.0100%1h$3.6M$2.1M5x
Aster ALGOUSDT+0.0100%8h$44K$74K5xas long as short
Binance ALGOUSDT+0.0100%8h$10.3M$36.2M75xas long as short
Show all 22 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
OKX ALGO-USDT-SWAP+0.0100%8h$3.0M$8.5M50xas long as short
Gate ALGO_USDT+0.0100%8h$838K$907K50xas long as short
MEXC ALGO_USDT+0.0100%8h$22.1M$3.2M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h$3.5M$1.7M50xas long as short
Bitget ALGOUSDT+0.0100%8h$5.7M$3.9M75xas long as short
BingX ALGO-USDT+0.0100%8h—$3.1M—as long as short
HTX ALGO-USDT+0.0100%8h$66K$107K75xas long as short
Phemex ALGOUSDT+0.0100%8h$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h$6K$207K10xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0156% / S −0.0079%1h$5K—100xas long as short
BloFin ALGO-USDT+0.0220%8h$508K$771K75xas long as short
dYdX ALGO-USD+0.1914%1h$160K$6K5xas long as short