ALGO

Alert

Funding spread now, next payment 16:00 UTC+0.0892%/8h

paid, last 24h+0.047%paid, last 7 days+0.382%to open and close $10k−$86

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.382% in total (about 19.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ALGOUSD	0.1114	−0.0792	get 0.0099% / 1h	34m 59s	$836K	$1.9M	50x
Short	BingX ALGO-USDT	0.1113	0.0100	get 0.0100% / 8h	34m 59s	—	$3.3M	—

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BingXbpOrdersRate

Funding earned: $187.33
Slippage, 4 orders: −$66.5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $100.83
Break-even: 3.2 days

Slippage from Kraken Futures: live order book, 5 min ago; BingX: live order book, 6 min ago.

Price risk

price view

Price gap now: −0.083%
Avg gap 7d: −0.100%

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 Kraken Futures live order book, 5 min ago	11.05 bp	25.8 bp −$26	42.5 bp −$425	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	1.33 bp	15.8 bp −$16	34.1 bp −$341	112.5 bp −$11.2K	595.2 bp −$297.6K

ALGO on 22 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_ALGOUSDlong	−0.0792%	1h	$836K	$1.9M	50x
Deribit ALGO_USDC-PERPETUAL	−0.0378%	1h	$101K	$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-INTX	+0.0048%	1h	$67K	$437K	50x	as long as short
Hyperliquid ALGO	+0.0100%	1h	$3.6M	$2.7M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	$42K	$87K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	$10.3M	$39.5M	75x	as long as short
Bybit ALGOUSDT	+0.0100%	8h	$11.3M	$13.9M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	$3.0M	$9.8M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	$845K	$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	$22.1M	$4.0M	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	$4.2M	75x	as long as short
BingX ALGO-USDTshort	+0.0100%	8h	—	$3.3M	—
Variational Omni ALGO	+0.0100%	8h	$65K	$195K	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	$66K	$118K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	$3.8M	$2.0M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	$6K	$207K	10x	as long as short
Injective ALGO/USDC PERP	+0.0166%	1h	$841	$151K	12x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	$519K	$743K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0237% / S −0.0167%	1h	$4K	—	100x	as long as short
dYdX ALGO-USD	+0.0238%	1h	$160K	$6K	5x	as long as short