ALGO

Alert

Funding spread now, next payment 00:00 UTC−0.0262%/8h

next payment, per $10,000−$2.62paid, last 24h0.000%paid, last 7 days−0.010%to open and close $10k−$99

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.010% in total (about -0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.62 per $10,000. 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	Phemex ALGOUSDT	0.1124	0.0362	pay 0.0362% / 8h	7h 52m	$3.9M	$1.9M	50x
Short	Bitget ALGOUSDT	0.1122	0.0100	get 0.0100% / 8h	7h 52m	$5.7M	$4.2M	75x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee BitgetbpOrdersRate

Funding earned: −$55.06
Slippage, 4 orders: −$75.07
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$154.14
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; Bitget: live order book, 2 min ago.

Price risk

price view

Price gap now: −0.178%
Avg gap 7d: −0.131%

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, 3 min ago	8.90 bp	32.1 bp −$32	79.9 bp −$799	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	4.47 bp	17.0 bp −$17	45.6 bp −$456	doesn't fit	doesn't fit

ALGO on 22 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_ALGOUSD	−0.0504%	1h	$844K	$1.8M	50x	as long as short
Bybit ALGOUSDT	−0.0473%	8h	$11.4M	$13.5M	75x	as long as short
Deribit ALGO_USDC-PERPETUAL	−0.0106%	1h	$102K	$56K	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 PERP	+0.0033%	1h	$841	$115K	12x	as long as short
Coinbase International ALGO-PERP-INTX	+0.0064%	1h	$61K	$435K	50x	as long as short
Hyperliquid ALGO	+0.0100%	1h	$3.6M	$2.6M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	$42K	$87K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	$10.4M	$38.4M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	$3.0M	$9.5M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate ALGO_USDT	+0.0100%	8h	$848K	$932K	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	$22.3M	$3.4M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	$3.6M	$1.8M	50x	as long as short
Bitget ALGOUSDTshort	+0.0100%	8h	$5.7M	$4.2M	75x
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	$67K	$116K	75x	as long as short
Extended ALGO-USD	+0.0104%	1h	$6K	$207K	10x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	$513K	$764K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0238% / S −0.0167%	1h	$5K	—	100x	as long as short
dYdX ALGO-USD	+0.0360%	1h	$161K	$6K	5x	as long as short
Phemex ALGOUSDTlong	+0.0362%	8h	$3.9M	$1.9M	50x