Volume Monitor
Live crypto data · Binance · Bybit · Hyperliquid
Connecting…

ALGO funding rate live

The open-interest-weighted ALGO funding rate is 0.0097% per 8 hours (≈11% APR) across 7 perpetual markets, so longs pay shorts. The highest rate is 0.0100% on Mexc (ALGO_USDT) and the lowest 0.0071% on Bybit (ALGOUSDT), a spread of 0.0029% per 8h (≈3% APR). These markets hold $50.96M of open interest. Rates are converted to an 8-hour equivalent so exchanges with different funding intervals compare directly.

Tracking for ~2h Updates every 5 s ALGO overview

Funding, 8hOI-weighted
0.0097%
≈11% APRlongs pay shorts
HighestMexc
0.0100%
≈11% APRALGO_USDT
LowestBybit
0.0071%
≈8% APRALGOUSDT
Spread between exchanges
0.0029%
≈3% APRArbitrage →

ALGO funding rate by exchange

8h equivalent · hover a rate for the exact APR
Market Funding 8h APR Who pays Open interest OI share 24h volume Price Trade
Mexc ALGO_USDT 0.0100% 11% Longs pay $20.46M 40.1% $3.30M 0.1160 Trade
Binance ALGOUSDT 0.0100% 11% Longs pay $10.03M 19.7% $16.50M 0.1162 Trade
Kucoin ALGOUSDTM 0.0100% 11% Longs pay $5.83M 11.4% $1.67M 0.1161 Trade
Bitget ALGOUSDT 0.0100% 11% Longs pay $5.67M 11.1% $2.73M 0.1162 Trade
Bybit ALGOUSDT 0.0071% 8% Longs pay $5.65M 11.1% $5.42M 0.1160 Trade
Hyperliquid ALGO 0.0100% 11% Longs pay $3.26M 6.4% $1.39M 0.1164 Trade
Htx ALGO-USDT 0.0100% 11% Longs pay $64K 0.1% $41K 0.1161 Trade

Sorted by open interest. Exchanges settle funding every 1, 4 or 8 hours; every rate here is converted to 8 hours. Trade links go to the exchange and may be referral links. Compare every coin on the funding rates page.

Bybit Trade on Bybit

No account yet? Signing up through our link helps keep Volume Monitor free.

Sign up on Bybit ↗

Referral link · availability depends on your country (not available in the US)

HL New to Hyperliquid?

Code VOLUMEMONITOR saves 4% on fees for your first $25M of volume. New wallets only: use it before your first trade.

Join Hyperliquid ↗

Referral link · availability depends on your country

About the ALGO funding rate

What is the ALGO funding rate?

ALGO perpetual futures never expire, so exchanges keep their price near spot with funding: a periodic payment between longs and shorts. When the perp trades above spot, the rate is positive and longs pay shorts; below spot it turns negative and shorts pay longs. The payment is a percentage of position size, charged every 1, 4 or 8 hours depending on the exchange.

How to read it

Binance and Bybit's default rate when the perp is in line with spot is 0.0100% per 8h (about 11% APR). Well above that means leveraged longs are paying up to hold ALGO; negative means shorts are crowded. The APR column shows what holding a position costs or earns over a year at today's rate. A wide spread between exchanges is what funding arbitrage traders look for.

Why do exchanges show different rates?

Each exchange computes funding from its own order book and premium, so the ALGO rate differs by venue, and intervals differ too. Volume Monitor converts every rate to an 8-hour equivalent and weights the headline figure by open interest. Rates update every few seconds from the exchanges' public feeds.