ALGO

Alert

Funding spread now, next payment 18:00 UTC−0.6652%/8h

next payment, per $10,000−$8.32paid, last 24h−0.515%paid, last 5 days−1.572%to open and close $10k−$204

Long on dYdX Short on Coinbase International

The current rate is far above what this pair has been paying: over the last 5 days it paid -1.572% in total (about -121.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.32 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	dYdX ALGO-USD	0.1113	0.6684	pay 0.0836% / 1h	52m 05s	$160K	$6K	5x
Short	Coinbase International ALGO-PERP-INTX	0.1106	0.0032	get 0.0004% / 1h	52m 05s	$62K	$360K	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee Coinbase InternationalbpOrdersRate

Funding earned: −$1,396.92
Slippage, 4 orders: −$184.03
Fee dYdX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$1,600.95
Break-even: never at this rate

Slippage from dYdX: live order book, 48 min ago; Coinbase International: live order book, 47 min ago.

Price risk

price view

Price gap now: −0.661%
Avg gap 7d: −0.069%

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 dYdX live order book, 48 min ago	13.27 bp	18.3 bp −$18	18.3 bp −$183	20.9 bp −$2,091	466.4 bp −$233.2K
Sell Coinbase International live order book, 47 min ago	6.29 bp	12.2 bp −$12	17.8 bp −$178	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
Kraken Futures PF_ALGOUSD	−0.0373%	1h	$817K	$1.3M	50x	as long as short
Deribit ALGO_USDC-PERPETUAL	−0.0109%	1h	$101K	$55K	25x	as long as short
Bybit ALGOUSDT	−0.0021%	8h	$11.3M	$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-INTXshort	+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	$9.9M	$36.2M	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	$845K	$815K	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	$1.7M	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	$67K	$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]	L +0.0155% / S −0.0078%	1h	$5K	—	100x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	$492K	$792K	75x	as long as short
dYdX ALGO-USDlong	+0.6684%	1h	$160K	$6K	5x