ALGO

Alert

Funding spread now, next payment 15:00 UTC+0.0099%/8h

paid, last 24h+0.030%paid, last 3 days+0.210%to open and closeno order book

Long on gTrade (Gains Network)Short on Phemex

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ALGO/USD	0.1134	L +0.0001% / S +0.0003%	pay 0.0000% / 1h	23m 29s	$7K	—	150x
Short	Phemex ALGOUSDT	0.1135	0.0100	get 0.0100% / 8h	1h 23m	$3.9M	$2.1M	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 PhemexbpOrdersRate

Funding earned: $20.88
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$1.12
Break-even: 7.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Phemex: live order book, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.124%
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 Phemex live order book, 2 min ago	8.81 bp	27.5 bp −$27	71.7 bp −$717	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_ALGOUSD	−0.1340%	1h	$859K	$1.9M	50x	as long as short
Deribit ALGO_USDC-PERPETUAL	−0.0280%	1h	$102K	$60K	25x	as long as short
Injective ALGO/USDC PERP	−0.0120%	1h	$859	$100K	12x	as long as short
gTrade (Gains Network) ALGO/USDlong	L +0.0001% / S +0.0003%	1h	$7K	—	150x
Coinbase International ALGO-PERP-INTX	+0.0016%	1h	$69K	$506K	50x	as long as short
Hyperliquid ALGO	+0.0100%	1h	$3.7M	$2.9M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	$43K	$93K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	$10.5M	$42.9M	75x	as long as short
Bybit ALGOUSDT	+0.0100%	8h	$11.8M	$14.3M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	$3.0M	$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	$855K	$1.2M	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	$22.1M	$4.3M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	$3.8M	$1.8M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	$5.7M	$4.5M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	—	$3.3M	—	as long as short
Variational Omni ALGO	+0.0100%	8h	$62K	$193K	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	$67K	$132K	75x	as long as short
Phemex ALGOUSDTshort	+0.0100%	8h	$3.9M	$2.1M	50x
Extended ALGO-USD	+0.0104%	1h	$13K	$248K	10x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	$526K	$747K	75x	as long as short
dYdX ALGO-USD	+0.0224%	1h	$162K	$6K	5x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0238% / S −0.0167%	1h	$5K	—	100x	as long as short