ALGO

Alert

Funding spread now, next payment 17:00 UTC−0.0067%/8h

paid, last 24h+0.021%paid, last 3 days−0.012%to open and closeno order book

Long on Variational Omni Short on Injective

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ALGO	0.1115	0.0100	pay 0.0100% / 8h	7h 16m	$65K	$104K	—
Short	Injective ALGO/USDC PERP	0.1129	0.0033	get 0.0004% / 1h	16m 09s	$841	$115K	12x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee InjectivebpOrdersRate

Funding earned: −$14
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$14.02
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 29 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +1.220%
Avg gap 7d: −0.638%

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 Variational Omni RFQ quote, 29 min ago	4.47 bp	doesn't fit	49.2 bp −$492	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	$843K	$1.7M	50x	as long as short
Bybit ALGOUSDT	−0.0041%	8h	$11.4M	$13.1M	75x	as long as short
Deribit ALGO_USDC-PERPETUAL	−0.0017%	1h	$102K	$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 PERPshort	+0.0033%	1h	$841	$115K	12x
Coinbase International ALGO-PERP-INTX	+0.0064%	1h	$61K	$401K	50x	as long as short
Hyperliquid ALGO	+0.0100%	1h	$3.6M	$2.3M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	$44K	$74K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	$10.4M	$36.9M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	$3.0M	$8.9M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate ALGO_USDT	+0.0100%	8h	$845K	$942K	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	$3.9M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	—	$3.1M	—	as long as short
Variational Omni ALGOlong	+0.0100%	8h	$65K	$104K	—
HTX ALGO-USDT	+0.0100%	8h	$67K	$110K	75x	as long as short
Extended ALGO-USD	+0.0104%	1h	$6K	$207K	10x	as long as short
Phemex ALGOUSDT	+0.0154%	8h	$3.9M	$1.9M	50x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0157% / S −0.0080%	1h	$5K	—	100x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	$513K	$778K	75x	as long as short
dYdX ALGO-USD	+0.1012%	1h	$161K	$6K	5x	as long as short