ALGO

Alert

Funding spread now, next payment 18:00 UTC0.0000%/8h

paid, last 24h0.000%paid, last 7 days−0.074%to open and close $10k−$97

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ALGOUSDT	0.1113	0.0100	pay 0.0100% / 8h	6h 21m	$3.8M	$1.8M	50x
Short	Hyperliquid ALGO	0.1112	0.0100	get 0.0013% / 1h	21m 36s	$3.6M	$2.0M	5x

Funding history

latest

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latest

Position, each leg$Hold fordaysFee PhemexbpFee HyperliquidbpOrdersRate

Slippage from Phemex: live order book, 4 min ago; Hyperliquid: live order book, 1 min ago.

A gap far from its average can cost days of funding.

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

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, 4 min ago	9.01 bp	25.0 bp −$25	63.3 bp −$633	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 1 min ago	1.80 bp	13.6 bp −$14	doesn't fit	doesn't fit	doesn't fit

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_ALGOUSD	−0.0194%	1h	$826K	$1.6M	50x	as long as short
Bybit ALGOUSDT	−0.0076%	8h	$11.3M	$12.8M	75x	as long as short
Deribit ALGO_USDC-PERPETUAL	−0.0020%	1h	$101K	$55K	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	+0.0048%	1h	$63K	$392K	50x	as long as short
Variational Omni ALGO	+0.0069%	8h	$65K	$14K	—	as long as short
Hyperliquid ALGOshort	+0.0100%	1h	$3.6M	$2.0M	5x
Aster ALGOUSDT	+0.0100%	8h	$44K	$73K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	$10.0M	$36.9M	75x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX ALGO-USDT-SWAP	+0.0100%	8h	$3.0M	$8.5M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	$850K	$926K	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	$22.0M	$3.2M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	$3.6M	$1.7M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	$5.7M	$3.9M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	—	$3.1M	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	$67K	$114K	75x	as long as short
Phemex ALGOUSDTlong	+0.0100%	8h	$3.8M	$1.8M	50x
Extended ALGO-USD	+0.0104%	1h	$7K	$210K	10x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0155% / S −0.0079%	1h	$5K	—	100x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	$506K	$765K	75x	as long as short
dYdX ALGO-USD	+0.2201%	1h	$159K	$6K	5x	as long as short