ALGO

Alert

Funding spread now, next payment 16:00 UTC0.0000%/8h

next payment, per $10,000+$0.00paid, last 24h0.000%paid, last 5 days−0.074%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ALGOUSDT	0.1123	0.0100	pay 0.0100% / 8h	7h 59m	$3.9M	$2.0M	50x
Short	Aster ALGOUSDT	0.1118	0.0100	get 0.0100% / 8h	7h 59m	$42K	$87K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee AsterbpOrdersRate

Funding earned: $0
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$20
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 6 min ago; Aster: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.411%
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 Phemex live order book, 6 min ago	4.44 bp	23.9 bp −$24	55.8 bp −$558	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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	−0.0788%	1h	$841K	$1.8M	50x	as long as short
Deribit ALGO_USDC-PERPETUAL	−0.0196%	1h	$101K	$56K	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	$61K	$439K	50x	as long as short
Hyperliquid ALGO	+0.0100%	1h	$3.6M	$2.6M	5x	as long as short
Aster ALGOUSDTshort	+0.0100%	8h	$42K	$87K	5x
Binance ALGOUSDT	+0.0100%	8h	$10.4M	$38.8M	75x	as long as short
Bybit ALGOUSDT	+0.0100%	8h	$11.3M	$13.6M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	$3.0M	$9.5M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	$844K	$929K	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC ALGO_USDT	+0.0100%	8h	$22.2M	$3.4M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	$3.7M	$1.8M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	$5.7M	$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	$117K	75x	as long as short
Phemex ALGOUSDTlong	+0.0100%	8h	$3.9M	$2.0M	50x
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	$522K	$763K	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	+0.0331%	1h	$160K	$6K	5x	as long as short