ALGO

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Funding spread now, next payment 19:00 UTC+0.0033%/8h

next payment, per $10,000+$0.04paid, last 24h+0.148%paid, last 7 days+1.113%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ALGO_USDC-PERPETUAL	0.1106	0	get 0.0000% / 1h	20m 50s	$100K	$54K	25x
Short	Injective ALGO/USDC PERP	0.1129	0.0033	get 0.0004% / 1h	20m 50s	$841	$81K	12x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee InjectivebpOrdersRate

Funding earned: $7
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$0.02
Break-even: 7.0 days

Slippage unknown: Deribit: live order book, 30 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +2.061%
Avg gap 7d: −0.674%

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 Deribit live order book, 30 min ago	4.95 bp	20.1 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0375%	1h	$813K	$1.3M	50x	as long as short
Bybit ALGOUSDT	−0.0124%	8h	$11.2M	$12.7M	75x	as long as short
Deribit ALGO_USDC-PERPETUALlong	0.0000%	1h	$100K	$54K	25x
gTrade (Gains Network) ALGO/USD	L +0.0001% / S +0.0003%	1h	$7K	—	150x	as long as short
Variational Omni ALGO	+0.0013%	8h	$64K	$13K	—	as long as short
Coinbase International ALGO-PERP-INTX	+0.0032%	1h	$62K	$359K	50x	as long as short
Injective ALGO/USDC PERPshort	+0.0033%	1h	$841	$81K	12x
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	$35.9M	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	$8.2M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	$836K	$817K	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	$22.1M	$3.1M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	$3.6M	$1.6M	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	+0.0104%	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]	L +0.0154% / S −0.0078%	1h	$5K	—	100x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	$490K	$797K	75x	as long as short
dYdX ALGO-USD	+0.4686%	1h	$158K	$6K	5x	as long as short