ALGO

Alert

Funding spread now, next payment 16:00 UTC−0.0791%/8h

next payment, per $10,000−$0.99paid, last 24h−0.017%paid, last 3 days−0.182%to open and closeno order book

Long on gTrade (Gains Network)Short on Kraken Futures

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.182% in total (about -23.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.99 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	gTrade (Gains Network) ALGO/USD	0.1115	L +0.0001% / S +0.0003%	pay 0.0000% / 1h	24m 24s	$7K	—	150x
Short	Kraken Futures PF_ALGOUSD	0.1116	−0.0791	pay 0.0099% / 1h	24m 24s	$837K	$1.9M	50x

Funding history

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Funding on every exchange

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Profit calculator

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

Funding earned: −$166.15
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$186.15
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; Kraken Futures: live order book, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.089%
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 Kraken Futures live order book, 1 min ago	11.64 bp	30.9 bp −$31	67.3 bp −$673	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
Kraken Futures PF_ALGOUSDshort	−0.0791%	1h	$837K	$1.9M	50x
Deribit ALGO_USDC-PERPETUAL	−0.0288%	1h	$101K	$57K	25x	as long as short
gTrade (Gains Network) ALGO/USDlong	L +0.0001% / S +0.0003%	1h	$7K	—	150x
Coinbase International ALGO-PERP-INTX	+0.0048%	1h	$61K	$439K	50x	as long as short
Hyperliquid ALGO	+0.0100%	1h	$3.6M	$2.7M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	$42K	$87K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	$10.4M	$39.5M	75x	as long as short
Bybit ALGOUSDT	+0.0100%	8h	$11.3M	$13.9M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	$3.0M	$9.7M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	$844K	$1.0M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC ALGO_USDT	+0.0100%	8h	$22.1M	$4.0M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	$3.6M	$1.8M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	$5.6M	$4.3M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	—	$3.2M	—	as long as short
Variational Omni ALGO	+0.0100%	8h	$64K	$195K	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	$66K	$117K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	$3.8M	$2.0M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	$6K	$207K	10x	as long as short
Injective ALGO/USDC PERP	+0.0166%	1h	$841	$151K	12x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	$520K	$752K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0237% / S −0.0167%	1h	$4K	—	100x	as long as short
dYdX ALGO-USD	+0.0503%	1h	$160K	$6K	5x	as long as short