ALGO

Alert

Funding spread now, next payment 00:00 UTC−0.0324%/8h

next payment, per $10,000−$3.24paid, last 24h0.000%paid, last 7 days−0.179%to open and close $10k−$204

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.179% in total (about -9.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.24 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	0.1120	0.0424	pay 0.0424% / 8h	7h 34m	$3.8M	$1.9M	50x
Short	KuCoin ALGOUSDTM	0.1118	0.0100	get 0.0100% / 8h	7h 34m	$3.6M	$1.8M	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 KuCoinbpOrdersRate

Funding earned: −$68.07
Slippage, 4 orders: −$180.01
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$272.09
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; KuCoin: live order book, 10 min ago.

Price risk

price view

Price gap now: −0.179%
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 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	8.88 bp	21.4 bp −$21	56.9 bp −$569	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	4.00 bp	77.7 bp −$78	214.4 bp −$2,144	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
Deribit ALGO_USDC-PERPETUAL	−0.0913%	1h	$101K	$55K	25x	as long as short
Kraken Futures PF_ALGOUSD	−0.0506%	1h	$840K	$1.7M	50x	as long as short
Bybit ALGOUSDT	−0.0010%	8h	$11.3M	$13.3M	75x	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	$424K	50x	as long as short
Hyperliquid ALGO	+0.0100%	1h	$3.6M	$2.4M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	$44K	$80K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	$10.4M	$37.4M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	$3.0M	$9.1M	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	$935K	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	$22.2M	$3.4M	200x	as long as short
KuCoin ALGOUSDTMshort	+0.0100%	8h	$3.6M	$1.8M	50x
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	$113K	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	$512K	$795K	75x	as long as short
Phemex ALGOUSDTlong	+0.0424%	8h	$3.8M	$1.9M	50x
dYdX ALGO-USD	+0.0854%	1h	$160K	$6K	5x	as long as short