Funding you earn now, next payment 23:00 UTC−0.0395%/8h= −43.3% APRpaid last 24h −0.016%
Price spread now: Injective against OKX−0.338%68s7-day average −0.537% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 3 days (all we have)−0.234%−$23 · spread now −0.338%, 7d avg −0.537%
=The price spread pays, funding is against you. Injective is 0.199% dearer against OKX than usual: you sell high and buy low (spread −0.338% now, against its 7-day average of −0.537%): +$20 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 40 hours. At the pace of the last 7 days (0.000% in total) that is about years. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.000% in total (about -0.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ALGO-USDT-SWAP | 0.1124 | 0.0100 | pay 0.0100% / 8h | 1h 04m | $3.0M | $7.8M | 50x |
| Short | Injective ALGO/USDC PERP | 0.1120 | −0.0295 | pay 0.0037% / 1h | 4m 07s | $834 | $233K | 12x |
OKX ALGO-USDT-SWAP
Injective ALGO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against OKX. 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
- −$82.95
- Price spread: −0.338% → −0.537%
- $19.9
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$73.07
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: OKX: live order book, 4 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 OKX live order book, 4 min ago | 0.45 bp | 15.4 bp −$15 | 55.2 bp −$552 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ALGO/USDC PERPshort | −0.0295% | 1h | 0.1120 | −0.338% | $834 | $233K | 12x | |
| Kraken Futures PF_ALGOUSD | −0.0287% | 1h | 0.1124 | +0.029% | $836K | $1.2M | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0284% | 1h | 0.1124 | −0.009% | $102K | $50K | 25x | as long as short |
| Bybit ALGOUSDT | −0.0097% | 8h | 0.1124 | −0.018% | $11.3M | $12.3M | 75x | as long as short |
| Variational Omni ALGO | −0.0086% | 8h | 0.1121 | −0.276% | $65K | $10K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0056% | 1h | 0.1121 | −0.285% | $62K | $332K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1124 | +0.008% | $6K | — | 150x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1125 | +0.116% | $3.8M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1123 | −0.046% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1124 | +0.016% | $9.9M | $34.8M | 75x | as long as short |
Kraken Futures PF_ALGOUSD
Deribit ALGO_USDC-PERPETUAL
Bybit ALGOUSDT
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
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-SWAPlong | +0.0100% | 8h | 0.1124 | long leg | $3.0M | $7.8M | 50x | |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1124 | −0.009% | $887K | $856K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1124 | +0.018% | $23.3M | $2.8M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1124 | −0.027% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1125 | +0.107% | $5.7M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1123 | −0.036% | — | $3.4M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1123 | −0.053% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1126 | +0.196% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1123 | −0.057% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1123 | −0.044% | $487K | $798K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0258% / S −0.0193% | 1h | 0.1124 | +0.035% | $5K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1517% | 1h | 0.1124 | +0.004% | $161K | $3K | 5x | as long as short |
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD