ALGO

Alert

Funding spread now, next payment 19:00 UTC−0.0054%/8h

paid, last 24h−0.060%paid, last 3 days−0.071%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ALGO/USD [WBTC.b-USDC]	0.1112	L +0.0154% / S −0.0078%	pay 0.0019% / 1h	46m 38s	$5K	—	100x
Short	MEXC ALGO_USDT	0.1112	0.0100	get 0.0100% / 8h	5h 46m	$22.1M	$3.1M	200x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee MEXCbpOrdersRate

Funding earned: −$11.44
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$23.44
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.038%
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 GMX no order-book sample	—	—	—	—	—
Sell MEXC live order book, 3 min ago	0.90 bp	11.5 bp −$11	90.1 bp −$901	539.1 bp −$53.9K	doesn't fit

GMX: 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	−0.0379%	1h	$101K	$54K	25x	as long as short
Kraken Futures PF_ALGOUSD	−0.0373%	1h	$816K	$1.3M	50x	as long as short
Bybit ALGOUSDT	−0.0048%	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-INTX	+0.0032%	1h	$62K	$362K	50x	as long as short
Injective ALGO/USDC PERP	+0.0033%	1h	$841	$81K	12x	as long as short
Variational Omni ALGO	+0.0059%	8h	$65K	$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	$36.1M	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	$845K	$815K	50x	as long as short
MEXC ALGO_USDTshort	+0.0100%	8h	$22.1M	$3.1M	200x
KuCoin ALGOUSDTM	+0.0100%	8h	$3.5M	$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]long	L +0.0154% / S −0.0078%	1h	$5K	—	100x
BloFin ALGO-USDT	+0.0220%	8h	$488K	$796K	75x	as long as short
dYdX ALGO-USD	+0.4351%	1h	$159K	$6K	5x	as long as short