Funding you earn now, next payment 20:00 UTC−0.0067%/8hpaid last 24h +0.011%
Price spread now: Injective against Bitget+1.165%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.125%−$12 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Injective is 1.165% dearer against Bitget than usual: you sell high and buy low (spread +1.165% now, against zero (this spread has no 7-day history yet)): +$116 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 58 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ALGOUSDT | 0.1116 | 0.0100 | pay 0.0100% / 8h | 4h 06m | $5.6M | $3.6M | 75x |
| Short | Injective ALGO/USDC PERP | 0.1129 | 0.0033 | get 0.0004% / 1h | 6m 40s | $841 | $81K | 12x |
Bitget ALGOUSDT
Injective ALGO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bitget. 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: +1.165% → 0.000%
- $116.49
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $90.47
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago | 4.48 bp | 18.5 bp −$18 | 25.0 bp −$250 | 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: 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 | −0.0377% | 1h | 0.1116 | 0.000% | $101K | $54K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0156% | 1h | 0.1116 | +0.030% | $825K | $1.2M | 50x | as long as short |
| Bybit ALGOUSDT | −0.0069% | 8h | 0.1115 | −0.125% | $11.3M | $12.3M | 75x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1117 | +0.059% | $7K | — | 150x | as long as short |
| Variational Omni ALGO | +0.0005% | 8h | 0.1116 | +0.004% | $65K | $11K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0008% | 1h | 0.1114 | −0.206% | $62K | $350K | 50x | as long as short |
| Injective ALGO/USDC PERPshort | +0.0033% | 1h | 0.1129 | +1.165% | $841 | $81K | 12x | |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1117 | +0.054% | $3.8M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1115 | −0.045% | $44K | $34K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1115 | −0.116% | $9.9M | $35.1M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDT
gTrade (Gains Network) ALGO/USD
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1114 | −0.134% | $3.0M | $7.9M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1115 | −0.125% | $848K | $807K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1115 | −0.063% | $22.4M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1115 | −0.063% | $3.6M | $1.6M | 50x | as long as short |
| Bitget ALGOUSDTlong | +0.0100% | 8h | 0.1116 | long leg | $5.6M | $3.6M | 75x | |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1115 | −0.081% | — | $3.1M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1116 | −0.027% | $66K | $110K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0101% | 8h | 0.1119 | +0.269% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1115 | −0.126% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1116 | −0.018% | $490K | $781K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0237% / S −0.0158% | 1h | 0.1116 | +0.033% | $5K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.4051% | 1h | 0.1117 | +0.058% | $160K | $6K | 5x | as long as short |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD