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ALGO

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Funding spread now, next payment 15:00 UTC+0.0137%/8h
paid, last 24h+0.413%paid, last 7 days+1.187%to open and close $10k−$290
Long on PhemexShort on dYdX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex ALGOUSDT0.11380.0100pay 0.0100% / 8h1h 25m$3.9M$2.1M50x
ShortdYdX ALGO-USD0.11340.0237get 0.0030% / 1h25m 38s$162K$6K5x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$28.73
Slippage, 4 orders
−$267.73
Fee Phemex: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$261
Break-even
70.6 days
Slippage from Phemex: live order book, 5 min ago; dYdX: live order book, 30 min ago.

Price risk

price view
Price gap now
−0.368%
Avg gap 7d
−0.112%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 5 min ago8.78 bp32.1 bp −$3271.9 bp −$719doesn't fitdoesn't fit
Sell dYdX live order book, 30 min ago110.04 bp115.0 bp −$115211.8 bp −$2,118315.6 bp −$31.6K575.7 bp −$287.8K

ALGO on 22 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_ALGOUSD−0.1336%1h$861K$1.9M50xas long as short
Injective ALGO/USDC PERP−0.0120%1h$859$100K12xas long as short
Deribit ALGO_USDC-PERPETUAL−0.0102%1h$103K$60K25xas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h$7K—150xas long as short
Coinbase International ALGO-PERP-INTX+0.0016%1h$69K$506K50xas long as short
Hyperliquid ALGO+0.0100%1h$3.7M$3.0M5xas long as short
Aster ALGOUSDT+0.0100%8h$43K$93K5xas long as short
Binance ALGOUSDT+0.0100%8h$10.5M$42.9M75xas long as short
Bybit ALGOUSDT+0.0100%8h$11.8M$14.3M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h$3.1M$11.1M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate ALGO_USDT+0.0100%8h$856K$1.2M50xas long as short
MEXC ALGO_USDT+0.0100%8h$22.1M$4.2M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h$3.7M$1.8M50xas long as short
Bitget ALGOUSDT+0.0100%8h$5.7M$4.5M75xas long as short
BingX ALGO-USDT+0.0100%8h—$3.3M—as long as short
Variational Omni ALGO+0.0100%8h$62K$193K—as long as short
HTX ALGO-USDT+0.0100%8h$67K$132K75xas long as short
Phemex ALGOUSDTlong+0.0100%8h$3.9M$2.1M50x
Extended ALGO-USD+0.0104%1h$13K$248K10xas long as short
BloFin ALGO-USDT+0.0220%8h$526K$747K75xas long as short
dYdX ALGO-USDshort+0.0237%1h$162K$6K5x
GMX ALGO/USD [WBTC.b-USDC]L +0.0238% / S −0.0167%1h$5K—100xas long as short