ALGO

Alert

Funding spread now, next payment 18:00 UTC+0.1756%/8h

next payment, per $10,000+$2.19paid, last 24h+0.420%paid, last 7 days+1.344%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ALGO/USDC PERP	0.1129	0.0033	pay 0.0004% / 1h	53m 25s	$841	$115K	12x
Short	dYdX ALGO-USD	0.1118	0.1789	get 0.0224% / 1h	53m 25s	$160K	$6K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee dYdXbpOrdersRate

Funding earned: $368.73
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee dYdX: 5 bp × 2 orders: −$10
Net: $358.71
Break-even: 0.2 days

Slippage unknown: Injective: no order-book sample; dYdX: live order book, 52 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.986%
Avg gap 7d: +0.733%

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 dYdX live order book, 52 min ago	66.00 bp	122.0 bp −$122	241.4 bp −$2,414	367.0 bp −$36.7K	1496.8 bp −$748.4K

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	−0.0192%	1h	$836K	$1.6M	50x	as long as short
Deribit ALGO_USDC-PERPETUAL	−0.0018%	1h	$101K	$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 ALGOUSDT	+0.0029%	8h	$11.4M	$12.9M	75x	as long as short
Injective ALGO/USDC PERPlong	+0.0033%	1h	$841	$115K	12x
Coinbase International ALGO-PERP-INTX	+0.0048%	1h	$61K	$395K	50x	as long as short
Variational Omni ALGO	+0.0093%	8h	$65K	$104K	—	as long as short
Hyperliquid ALGO	+0.0100%	1h	$3.7M	$2.2M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	$44K	$74K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	$10.4M	$36.5M	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	$8.7M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	$841K	$901K	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	$22.2M	$3.2M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	$3.6M	$1.7M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	$5.6M	$3.9M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	—	$3.1M	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	$66K	$108K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	$3.8M	$1.9M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	$6K	$207K	10x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0156% / S −0.0080%	1h	$5K	—	100x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	$508K	$770K	75x	as long as short
dYdX ALGO-USDshort	+0.1789%	1h	$160K	$6K	5x