ALGO

Alert

Funding spread now, next payment 14:00 UTC+0.0099%/8h

next payment, per $10,000+$0.12paid, last 24h+0.030%paid, last 3 days+0.136%to open and closeno order book

Long on gTrade (Gains Network)Short on Hyperliquid

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ALGO/USD	0.1154	L +0.0001% / S +0.0003%	pay 0.0000% / 1h	34m 50s	$7K	—	150x
Short	Hyperliquid ALGO	0.1154	0.0100	get 0.0013% / 1h	34m 50s	$3.9M	$3.2M	5x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee HyperliquidbpOrdersRate

Funding earned: $20.88
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $1.88
Break-even: 6.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Hyperliquid: live order book, 8 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.051%
Avg gap 7d: —

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 8 min ago	1.73 bp	14.7 bp −$15	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): 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
Deribit ALGO_USDC-PERPETUAL	−0.0270%	1h	$105K	$57K	25x	as long as short
Coinbase International ALGO-PERP-INTX	−0.0040%	1h	$70K	$556K	50x	as long as short
gTrade (Gains Network) ALGO/USDlong	L +0.0001% / S +0.0003%	1h	$7K	—	150x
Kraken Futures PF_ALGOUSD	+0.0032%	1h	$901K	$1.8M	50x	as long as short
Injective ALGO/USDC PERP	+0.0033%	1h	$859	$100K	12x	as long as short
Hyperliquid ALGOshort	+0.0100%	1h	$3.9M	$3.2M	5x
Aster ALGOUSDT	+0.0100%	8h	$44K	$92K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	$10.9M	$41.5M	75x	as long as short
Bybit ALGOUSDT	+0.0100%	8h	$11.9M	$14.1M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	$3.2M	$11.1M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate ALGO_USDT	+0.0100%	8h	$877K	$1.2M	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	$22.1M	$4.2M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	$3.8M	$1.9M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	$5.8M	$4.3M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	—	$3.3M	—	as long as short
Variational Omni ALGO	+0.0100%	8h	$63K	$193K	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	$69K	$121K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	$4.0M	$2.0M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	$13K	$248K	10x	as long as short
dYdX ALGO-USD	+0.0156%	1h	$165K	$6K	5x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	$540K	$686K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0240% / S −0.0167%	1h	$5K	—	100x	as long as short