Settings8H · net · $10k
Funding arb · Price arb /

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0103%/8h= −11.3% APRpaid last 24h −0.031%
Price spread now: gTrade (Gains Network) against Aster−0.042%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.042% cheaper against Aster than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ALGOUSDT0.11110.0100pay 0.0100% / 8h4h 50m$44K$38K5x
ShortgTrade (Gains Network) ALGO/USD0.1111L −0.0001% / S +0.0003%pay 0.0000% / 1h50m 11s$16K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Aster. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$21.61
Price spread: −0.042% → 0.000%
−$4.17
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$43.78
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Aster: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell gTrade (Gains Network) no order-book sample
Aster 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ALGO_USDC-PERPETUAL−0.0110%1h0.1110−0.070%$88K$44K25xas long as short
gTrade (Gains Network) ALGO/USDshortL −0.0001% / S +0.0003%1h0.1111−0.042%$16K150x
Injective ALGO/USDC PERP+0.0033%1h0.1120+0.785%$834$233K12xas long as short
Coinbase International ALGO-PERP-INTX+0.0080%1h0.1116+0.461%$88K$291K50xas long as short
Hyperliquid ALGO+0.0100%1h0.1112+0.092%$3.7M$2.0M5xas long as short
Aster ALGOUSDTlong+0.0100%8h0.1111long leg$44K$38K5x
Binance ALGOUSDT+0.0100%8h0.1110−0.070%$9.8M$34.8M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1109−0.178%$11.4M$12.5M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1110−0.097%$2.8M$7.7M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1110−0.133%$860K$885K50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ALGO_USDT+0.0100%8h0.1110−0.097%$22.7M$3.0M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1111−0.043%$3.5M$1.5M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1110−0.115%$5.5M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1111−0.025%$3.3Mas long as short
Variational Omni ALGO+0.0100%8h0.1110−0.087%$61K$12Kas long as short
HTX ALGO-USDT+0.0100%8h0.1111−0.052%$59K$140K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1113+0.155%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1110−0.095%$4K$227K10xas long as short
BloFin ALGO-USDT+0.0220%8h0.1111−0.016%$489K$890K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0342% / S −0.0313%1h0.1111−0.060%$7K100xas long as short
Kraken Futures PF_ALGOUSD+0.0378%1h0.1111−0.053%$822K$1.0M50xas long as short
dYdX ALGO-USD+0.1078%1h0.1111−0.042%$160K$4K5xas long as short