ALGO

Alert

Funding spread now, next payment 17:00 UTC−0.0962%/8h

paid, last 24h−0.052%paid, last 7 days−0.399%to open and close $10k−$117

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.399% in total (about -20.8% a year). A funding rate is set anew for every payment. 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	0.1123	0.0457	pay 0.0457% / 8h	7h 35m	$3.9M	$1.9M	50x
Short	Kraken Futures PF_ALGOUSD	0.1121	−0.0505	pay 0.0063% / 1h	35m 53s	$843K	$1.7M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee Kraken FuturesbpOrdersRate

Funding earned: −$202.08
Slippage, 4 orders: −$94.94
Fee Phemex: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$319.02
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; Kraken Futures: live order book, 4 min ago.

Price risk

price view

Price gap now: −0.201%
Avg gap 7d: −0.060%

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, 4 min ago	8.88 bp	21.4 bp −$21	56.9 bp −$569	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	10.68 bp	32.6 bp −$33	64.4 bp −$644	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_ALGOUSDshort	−0.0505%	1h	$843K	$1.7M	50x
Deribit ALGO_USDC-PERPETUAL	−0.0374%	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
Bybit ALGOUSDT	+0.0020%	8h	$11.4M	$13.4M	75x	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	$426K	50x	as long as short
Hyperliquid ALGO	+0.0100%	1h	$3.6M	$2.4M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	$42K	$80K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	$10.4M	$37.7M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	$3.0M	$9.3M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate ALGO_USDT	+0.0100%	8h	$846K	$934K	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 ALGOUSDT	+0.0100%	8h	$5.6M	$4.1M	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	$114K	75x	as long as short
Extended ALGO-USD	+0.0104%	1h	$6K	$207K	10x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0157% / S −0.0081%	1h	$5K	—	100x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	$509K	$796K	75x	as long as short
Phemex ALGOUSDTlong	+0.0457%	8h	$3.9M	$1.9M	50x
dYdX ALGO-USD	+0.0859%	1h	$161K	$6K	5x	as long as short