Funding you earn now, next payment 01:00 UTC−0.0036%/8h= −4.0% APRnext payment −$0.05 per $10,000 · paid last 24h −0.010%
Price spread now: gTrade (Gains Network) against Injective+0.062%55s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+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. gTrade (Gains Network) is 0.062% dearer against Injective than usual: you sell high and buy low (spread +0.062% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.7 days. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ALGO/USDC PERP | 0.1120 | 0.0033 | pay 0.0004% / 1h | 51m 49s | $834 | $233K | 12x |
| Short | gTrade (Gains Network) ALGO/USD | 0.1121 | L +0.0001% / S +0.0003% | pay 0.0000% / 1h | 51m 49s | $6K | — | 150x |
Injective ALGO/USDC PERP
gTrade (Gains Network) ALGO/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Injective. 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
- −$7.61
- Price spread: +0.062% → 0.000%
- $6.16
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$11.47
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; gTrade (Gains Network): 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 Injective no order-book sample | — | — | — | — | — |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
Injective and gTrade (Gains Network): 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 | −0.0733% | 1h | 0.1118 | −0.170% | $101K | $50K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0567% | 1h | 0.1118 | −0.209% | $832K | $1.1M | 50x | as long as short |
| Bybit ALGOUSDT | −0.0138% | 8h | 0.1116 | −0.321% | $11.2M | $12.0M | 75x | as long as short |
| Variational Omni ALGO | −0.0135% | 8h | 0.1122 | +0.143% | $62K | $12K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0104% | 1h | 0.1123 | +0.286% | $67K | $301K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USDshort | L +0.0001% / S +0.0003% | 1h | 0.1121 | +0.062% | $6K | — | 150x | |
| Injective ALGO/USDC PERPlong | +0.0033% | 1h | 0.1120 | long leg | $834 | $233K | 12x | |
| Binance ALGOUSDT | +0.0093% | 8h | 0.1117 | −0.232% | $9.9M | $34.5M | 75x | as long as short |
| Extended ALGO-USD | +0.0096% | 1h | 0.1117 | −0.245% | $6K | $224K | 10x | as long as short |
| MEXC ALGO_USDT | +0.0098% | 8h | 0.1118 | −0.223% | $22.9M | $2.9M | 200x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDT
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
Binance ALGOUSDT
Extended ALGO-USD
MEXC ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ALGO | +0.0100% | 1h | 0.1119 | −0.134% | $3.7M | $1.8M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1119 | −0.114% | $44K | $38K | 5x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1117 | −0.241% | $3.0M | $7.5M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1118 | −0.170% | $878K | $810K | 50x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1118 | −0.152% | $3.6M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.179% | $5.6M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1117 | −0.259% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1122 | +0.161% | $66K | $108K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1119 | −0.089% | $3.8M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0218% | 8h | 0.1122 | +0.188% | $492K | $792K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0338% / S −0.0344% | 1h | 0.1120 | +0.024% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1175% | 1h | 0.1118 | −0.149% | $160K | $3K | 5x | as long as short |
Hyperliquid ALGO
Aster ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD