ALGO

Alert

Funding spread now, next payment 17:00 UTC−0.0096%/8h

paid, last 24h0.000%paid, last 7 days−0.024%to open and close $10k−$76

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ALGO	0.1121	0.0100	pay 0.0013% / 1h	26m 37s	$3.6M	$2.4M	5x
Short	Bybit ALGOUSDT	0.1120	0.0004	get 0.0004% / 8h	7h 26m	$11.4M	$13.3M	75x

Funding history

latest

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latest

Position, each leg$Hold fordaysFee HyperliquidbpFee BybitbpOrdersRate

Slippage from Hyperliquid: live order book, 6 min ago; Bybit: live order book, 3 min ago.

A gap far from its average can cost days of funding.

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

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hyperliquid live order book, 6 min ago	1.34 bp	38.8 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.45 bp	15.1 bp −$15	45.5 bp −$455	doesn't fit	doesn't fit

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_ALGOUSD	−0.0505%	1h	$843K	$1.7M	50x	as long as short
Deribit ALGO_USDC-PERPETUAL	0.0000%	1h	$102K	$55K	25x	as long as short
gTrade (Gains Network) ALGO/USD	L +0.0001% / S +0.0003%	1h	$7K	—	150x	as long as short
Bybit ALGOUSDTshort	+0.0004%	8h	$11.4M	$13.3M	75x
Injective ALGO/USDC PERP	+0.0033%	1h	$841	$115K	12x	as long as short
Coinbase International ALGO-PERP-INTX	+0.0064%	1h	$61K	$411K	50x	as long as short
Hyperliquid ALGOlong	+0.0100%	1h	$3.6M	$2.4M	5x
Aster ALGOUSDT	+0.0100%	8h	$44K	$80K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	$10.4M	$37.0M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	$3.0M	$8.9M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate ALGO_USDT	+0.0100%	8h	$845K	$936K	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	$22.2M	$3.4M	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	$4.0M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	—	$3.1M	—	as long as short
Variational Omni ALGO	+0.0100%	8h	$65K	$195K	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	$66K	$111K	75x	as long as short
Extended ALGO-USD	+0.0104%	1h	$6K	$207K	10x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0157% / S −0.0081%	1h	$5K	—	100x	as long as short
Phemex ALGOUSDT	+0.0189%	8h	$3.9M	$1.9M	50x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	$512K	$780K	75x	as long as short
dYdX ALGO-USD	+0.0926%	1h	$161K	$6K	5x	as long as short