Funding you earn now, next payment 04:00 UTC−0.0844%/8h= −92.4% APRnext payment −$1.06 per $10,000 · paid last 24h −0.573%
Price spread now: Injective against dYdX+0.611%7-day average −0.573% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.628%−$163 on $10k
+Price spread, last 4 days (all we have)−1.011%−$101 · spread now +0.611%, 7d avg −0.573%
=The price spread pays, funding is against you. Injective is 1.184% dearer against dYdX than usual: you sell high and buy low (spread +0.611% now, against its 7-day average of −0.573%): +$118 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 4.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX ALGO-USD | 0.1113 | 0.0877 | pay 0.0110% / 1h | 14m 29s | $161K | $4K | 5x |
| Short | Injective ALGO/USDC PERP | 0.1120 | 0.0033 | get 0.0004% / 1h | 14m 29s | $834 | $233K | 12x |
dYdX ALGO-USD
Injective ALGO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against dYdX. 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
- −$177.25
- Price spread: +0.611% → −0.573%
- $118.4
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$68.88
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: dYdX: live order book, 44 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 dYdX live order book, 44 min ago | 49.85 bp | 70.1 bp −$70 | 141.6 bp −$1,416 | 163.8 bp −$16.4K | 1170.7 bp −$585.4K |
| 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1113 | −0.053% | $16K | — | 150x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | 0.0000% | 1h | 0.1113 | −0.027% | $88K | $44K | 25x | as long as short |
| Injective ALGO/USDC PERPshort | +0.0033% | 1h | 0.1120 | +0.611% | $834 | $233K | 12x | |
| Coinbase International ALGO-PERP-INTX | +0.0080% | 1h | 0.1116 | +0.287% | $88K | $289K | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1115 | +0.135% | $3.6M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1113 | −0.004% | $44K | $38K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1113 | +0.018% | $9.6M | $34.5M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1112 | −0.072% | $11.2M | $12.6M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1113 | +0.018% | $2.8M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1111 | −0.153% | $864K | $905K | 50x | as long as short |
gTrade (Gains Network) ALGO/USD
Deribit ALGO_USDC-PERPETUAL
Coinbase International ALGO-PERP-INTX
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1113 | −0.027% | $23.0M | $3.1M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1113 | +0.009% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1114 | +0.072% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1112 | −0.081% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1110 | −0.251% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1112 | −0.072% | $60K | $136K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1114 | +0.072% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1113 | −0.030% | $4K | $235K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1112 | −0.081% | $479K | $877K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0319% / S −0.0264% | 1h | 0.1113 | −0.027% | $6K | — | 100x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0377% | 1h | 0.1113 | −0.039% | $822K | $1.0M | 50x | as long as short |
| dYdX ALGO-USDlong | +0.0877% | 1h | 0.1113 | long leg | $161K | $4K | 5x |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
Kraken Futures PF_ALGOUSD