ALGO

Alert

Funding spread now, next payment 15:00 UTC−0.0118%/8h

next payment, per $10,000−$0.15paid, last 24h−0.066%paid, last 5 days−0.181%to open and closeno order book

Long on Injective Short on Coinbase International

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ALGO/USDC PERP	0.1129	0.0166	pay 0.0021% / 1h	41m 46s	$841	$151K	12x
Short	Coinbase International ALGO-PERP-INTX	0.1142	0.0048	get 0.0006% / 1h	41m 46s	$69K	$450K	50x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee Coinbase InternationalbpOrdersRate

Funding earned: −$24.72
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$34.74
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Coinbase International: live order book, 8 min ago. Net counts fees only.

Price risk

price view

Price gap now: +1.116%
Avg gap 7d: +0.684%

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 Injective no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 8 min ago	4.38 bp	13.7 bp −$14	18.9 bp −$189	doesn't fit	doesn't fit

Injective: 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	−0.0780%	1h	$855K	$1.8M	50x	as long as short
Deribit ALGO_USDC-PERPETUAL	−0.0546%	1h	$102K	$57K	25x	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-INTXshort	+0.0048%	1h	$69K	$450K	50x
Hyperliquid ALGO	+0.0100%	1h	$3.7M	$2.7M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	$43K	$87K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	$10.4M	$39.3M	75x	as long as short
Bybit ALGOUSDT	+0.0100%	8h	$11.7M	$13.1M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	$3.0M	$9.9M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	$855K	$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	$22.5M	$4.0M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	$3.7M	$1.8M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	$5.7M	$4.2M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	—	$3.3M	—	as long as short
Variational Omni ALGO	+0.0100%	8h	$66K	$197K	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	$67K	$117K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	$3.9M	$2.0M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	$13K	$224K	10x	as long as short
Injective ALGO/USDC PERPlong	+0.0166%	1h	$841	$151K	12x
BloFin ALGO-USDT	+0.0220%	8h	$522K	$710K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0238% / S −0.0167%	1h	$5K	—	100x	as long as short
dYdX ALGO-USD	+0.0271%	1h	$162K	$6K	5x	as long as short