Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.030%
Price spread now: OKX against Injective−0.357%7-day average +0.508% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.005%$0 on $10k
+Price spread, last 3 days (all we have)+0.815%+$82 · spread now −0.357%, 7d avg +0.508%
=Funding pays, the price is against you. OKX is 0.865% cheaper against Injective than usual: you would sell low and buy high (spread −0.357% now, against its 7-day average of +0.508%). If the spread goes back, that is −$87 on $10k: about 43 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.005% in total) that is about years.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ALGO/USDC PERP | 0.1120 | 0.0033 | pay 0.0004% / 1h | 16m 57s | $834 | $233K | 12x |
| Short | OKX ALGO-USDT-SWAP | 0.1116 | 0.0100 | get 0.0100% / 8h | 6h 16m | $2.9M | $7.7M | 50x |
Injective ALGO/USDC PERP
OKX ALGO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $14
- Price spread: −0.357% → +0.508%
- −$86.53
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$82.55
- Costs to cover
- 0.100%
- Break-even
- 48.3 days
Slippage unknown: Injective: no order-book sample; OKX: live order book, 1 min ago. Net counts fees only.
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 OKX live order book, 1 min ago | 1.79 bp | 15.2 bp −$15 | 45.2 bp −$452 | 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 21 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALGO_USDC-PERPETUAL | −0.0376% | 1h | 0.1117 | −0.241% | $101K | $49K | 25x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1120 | +0.009% | $71K | $289K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1118 | −0.206% | $17K | — | 150x | as long as short |
| Variational Omni ALGO | +0.0029% | 8h | 0.1120 | −0.005% | $61K | $12K | — | as long as short |
| Injective ALGO/USDC PERPlong | +0.0033% | 1h | 0.1120 | long leg | $834 | $233K | 12x | |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1119 | −0.062% | $3.7M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1119 | −0.127% | $44K | $41K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1117 | −0.291% | $9.9M | $34.9M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1117 | −0.241% | $11.5M | $12.4M | 75x | as long as short |
| OKX ALGO-USDT-SWAPshort | +0.0100% | 8h | 0.1116 | −0.357% | $2.9M | $7.7M | 50x |
Deribit ALGO_USDC-PERPETUAL
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Variational Omni ALGO
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ALGO_USDT | +0.0100% | 8h | 0.1116 | −0.313% | $873K | $859K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1117 | −0.277% | $22.9M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1118 | −0.214% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1117 | −0.268% | $5.6M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1117 | −0.268% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1118 | −0.223% | $60K | $143K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1121 | +0.089% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1117 | −0.298% | $6K | $227K | 10x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0262% | 1h | 0.1117 | −0.226% | $828K | $1.1M | 50x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0343% / S −0.0313% | 1h | 0.1118 | −0.192% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1599% | 1h | 0.1118 | −0.192% | $161K | $4K | 5x | as long as short |
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
Kraken Futures PF_ALGOUSD
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD