Funding you earn now, next payment 02:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.030%
Price spread now: Injective against BingX+0.683%7-day average −0.544% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.129%−$13 on $10k
+Price spread, last 3 days (all we have)−1.143%−$114 · spread now +0.683%, 7d avg −0.544%
=The price spread pays, funding is against you. Injective is 1.227% dearer against BingX than usual: you sell high and buy low (spread +0.683% now, against its 7-day average of −0.544%): +$123 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ALGO-USDT | 0.1112 | 0.0100 | pay 0.0100% / 8h | 6h 47m | — | $3.4M | — |
| Short | Injective ALGO/USDC PERP | 0.1120 | 0.0033 | get 0.0004% / 1h | 47m 01s | $834 | $233K | 12x |
BingX ALGO-USDT
Injective ALGO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14
- Price spread: +0.683% → −0.544%
- $122.68
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $98.66
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: BingX: live order book, 3 min ago; Injective: no order-book sample. Net counts fees only.
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 BingX live order book, 3 min ago | 3.59 bp | 13.9 bp −$14 | 31.1 bp −$311 | 271.7 bp −$27.2K | 704.4 bp −$352.2K |
| 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: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALGO_USDC-PERPETUAL | −0.0109% | 1h | 0.1112 | 0.000% | $101K | $49K | 25x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1115 | +0.279% | $87K | $273K | 50x | as long as short |
| Variational Omni ALGO | −0.0039% | 8h | 0.1109 | −0.335% | $61K | $12K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1114 | +0.126% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERPshort | +0.0033% | 1h | 0.1120 | +0.683% | $834 | $233K | 12x | |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1114 | +0.128% | $3.6M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1113 | +0.049% | $44K | $38K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1112 | 0.000% | $9.9M | $35.0M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1112 | −0.036% | $11.4M | $12.3M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1112 | −0.009% | $2.9M | $7.6M | 50x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Coinbase International ALGO-PERP-INTX
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ALGO_USDT | +0.0100% | 8h | 0.1111 | −0.090% | $871K | $842K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1112 | 0.000% | $22.8M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1112 | −0.009% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1112 | −0.036% | $5.6M | $3.6M | 75x | as long as short |
| BingX ALGO-USDTlong | +0.0100% | 8h | 0.1112 | long leg | — | $3.4M | — | |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1113 | +0.063% | $60K | $144K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1114 | +0.144% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1113 | +0.040% | $8K | $229K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1117 | +0.387% | $489K | $801K | 75x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0263% | 1h | 0.1113 | +0.038% | $826K | $1.1M | 50x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0342% / S −0.0313% | 1h | 0.1114 | +0.112% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1623% | 1h | 0.1114 | +0.143% | $161K | $4K | 5x | as long as short |
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
Kraken Futures PF_ALGOUSD
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD