Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.030%
Price spread now: HTX against Injective+0.321%65s7-day average +0.541% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.138%+$14 on $10k
+Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.321%, 7d avg +0.541%
=Funding pays, the price is against you. HTX is 0.219% cheaper against Injective than usual: you would sell low and buy high (spread +0.321% now, against its 7-day average of +0.541%). If the spread goes back, that is −$22 on $10k: about 11 days of funding at the current rate (+$2 a day). The two prices were read 65 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 | 3m 56s | $834 | $233K | 12x |
| Short | HTX ALGO-USDT | 0.1124 | 0.0100 | get 0.0100% / 8h | 5h 03m | $60K | $140K | 75x |
Injective ALGO/USDC PERP
HTX ALGO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- $14
- Price spread: +0.321% → +0.541%
- −$21.92
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$19.94
- Costs to cover
- 0.120%
- Break-even
- 17.0 days
Slippage unknown: Injective: no order-book sample; HTX: live order book, 57 min ago. 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 HTX live order book, 57 min ago | 12.11 bp | 42.1 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.0551% | 1h | 0.1123 | +0.295% | $89K | $44K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1125 | +0.404% | $17K | — | 150x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0032% | 1h | 0.1131 | +1.018% | $70K | $275K | 50x | as long as short |
| Injective ALGO/USDC PERPlong | +0.0033% | 1h | 0.1120 | long leg | $834 | $233K | 12x | |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1127 | +0.580% | $3.7M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1125 | +0.403% | $45K | $40K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1125 | +0.429% | $9.9M | $34.7M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1124 | +0.402% | $11.7M | $12.5M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1125 | +0.438% | $2.9M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1123 | +0.286% | $870K | $902K | 50x | as long as short |
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
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 | 0.1125 | +0.420% | $23.0M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1125 | +0.482% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1125 | +0.446% | $5.6M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1124 | +0.357% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1125 | +0.405% | $61K | $12K | — | as long as short |
| HTX ALGO-USDTshort | +0.0100% | 8h | 0.1124 | +0.321% | $60K | $140K | 75x | |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1127 | +0.625% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1125 | +0.404% | $4K | $227K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1124 | +0.321% | $490K | $920K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0343% / S −0.0313% | 1h | 0.1124 | +0.328% | $7K | — | 100x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0351% | 1h | 0.1124 | +0.386% | $832K | $1.0M | 50x | as long as short |
| dYdX ALGO-USD | +0.1863% | 1h | 0.1126 | +0.502% | $162K | $4K | 5x | as long as short |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
Kraken Futures PF_ALGOUSD
dYdX ALGO-USD