ALGO

Alert

Funding spread now, next payment 18:00 UTC+0.0067%/8h

paid, last 24h−0.013%paid, last 7 days+0.074%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	20m 28s	$841	$115K	12x
Short	Gate ALGO_USDT	0.1110	0.0100	get 0.0100% / 8h	6h 20m	$849K	$926K	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee GatebpOrdersRate

Funding earned: $14
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1.02
Break-even: 7.5 days

Slippage unknown: Injective: no order-book sample; Gate: live order book, 28 min ago. Net counts fees only.

Price risk

price view

Price gap now: −1.683%
Avg gap 7d: +0.637%

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 Gate live order book, 28 min ago	5.37 bp	45.7 bp −$46	589.3 bp −$5,893	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	−0.0194%	1h	$826K	$1.6M	50x	as long as short
Bybit ALGOUSDT	−0.0070%	8h	$11.3M	$12.7M	75x	as long as short
Deribit ALGO_USDC-PERPETUAL	−0.0020%	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
Injective ALGO/USDC PERPlong	+0.0033%	1h	$841	$115K	12x
Coinbase International ALGO-PERP-INTX	+0.0048%	1h	$63K	$388K	50x	as long as short
Variational Omni ALGO	+0.0061%	8h	$64K	$14K	—	as long as short
Hyperliquid ALGO	+0.0100%	1h	$3.6M	$2.0M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	$44K	$73K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	$10.0M	$36.8M	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	$8.5M	50x	as long as short
Gate ALGO_USDTshort	+0.0100%	8h	$849K	$926K	50x
MEXC ALGO_USDT	+0.0100%	8h	$22.0M	$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	$67K	$114K	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]	L +0.0155% / S −0.0079%	1h	$5K	—	100x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	$498K	$767K	75x	as long as short
dYdX ALGO-USD	+0.2197%	1h	$159K	$6K	5x	as long as short