ALGO

Alert

Funding spread now, next payment 16:00 UTC+0.0067%/8h

paid, last 24h+0.088%paid, last 3 days+0.140%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ALGO_USDT	0.1116	0.0100	pay 0.0100% / 8h	32m 51s	$22.2M	$4.0M	200x
Short	GMX ALGO/USD [WBTC.b-USDC]	0.1115	L +0.0237% / S −0.0167%	get 0.0021% / 1h	32m 51s	$4K	—	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee GMXbpOrdersRate

Funding earned: $14.02
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $2.02
Break-even: 6.0 days

Slippage unknown: MEXC: live order book, 2 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.095%
Avg gap 7d: —

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 MEXC live order book, 2 min ago	1.35 bp	5.0 bp −$5	57.7 bp −$577	516.9 bp −$51.7K	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0790%	1h	$838K	$1.9M	50x	as long as short
Deribit ALGO_USDC-PERPETUAL	−0.0288%	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	$63K	$441K	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	$852K	$1.0M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC ALGO_USDTlong	+0.0100%	8h	$22.2M	$4.0M	200x
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-USDT	+0.0100%	8h	—	$3.2M	—	as long as short
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	$3.9M	$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	$526K	$745K	75x	as long as short
dYdX ALGO-USD	+0.0235%	1h	$160K	$6K	5x	as long as short
GMX ALGO/USD [WBTC.b-USDC]short	L +0.0237% / S −0.0167%	1h	$4K	—	100x