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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Binance−0.028%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$570.574% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.077%+$8 on $10k
Price spread, last 7 days−0.020%−$2 · spread now −0.028%, 7d avg −0.031%
Together, before fees+0.057%+$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ALGOUSDT0.11090.0100pay 0.0100% / 8h4h 28m$9.6M$35.0M75x
ShortBingX ALGO-USDT0.11090.0100get 0.0100% / 8h4h 28m$3.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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
$0
Price spread: −0.028% → −0.031%
$0.31
Slippage, 4 orders
−$37.36
Fee Binance: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$57.05
Costs to cover
0.574%
Break-even
never at this rate
Slippage from Binance: live order book, 13 min ago; BingX: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 13 min ago0.90 bp13.9 bp −$1436.6 bp −$366doesn't fitdoesn't fit
Sell BingX live order book, 6 min ago4.09 bp15.8 bp −$1637.3 bp −$373139.4 bp −$13.9K500.9 bp −$250.4K

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−0.0201%1h0.1109−0.055%$88K$44K25xas long as short
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1110+0.029%$16K150xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+0.955%$834$233K12xas long as short
Coinbase International ALGO-PERP-INTX+0.0080%1h0.1116+0.630%$88K$291K50xas long as short
Hyperliquid ALGO+0.0100%1h0.1111+0.144%$3.6M$2.1M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1110+0.089%$44K$38K5xas long as short
Binance ALGOUSDTlong+0.0100%8h0.1109long leg$9.6M$35.0M75x
Bybit ALGOUSDT+0.0100%8h0.1108−0.136%$11.1M$12.7M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1109−0.055%$2.8M$7.8M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1110+0.054%$863K$905K50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ALGO_USDT+0.0100%8h0.1110+0.036%$23.0M$3.1M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1110+0.036%$3.5M$1.5M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1109−0.037%$5.5M$3.5M75xas long as short
BingX ALGO-USDTshort+0.0100%8h0.1109−0.028%$3.3M
Variational Omni ALGO+0.0100%8h0.1109−0.077%$61K$12Kas long as short
HTX ALGO-USDT+0.0100%8h0.1114+0.378%$60K$141K75xas long as short
Extended ALGO-USD+0.0104%1h0.1109−0.001%$6K$231K10xas long as short
Phemex ALGOUSDT+0.0114%8h0.1115+0.504%$3.8M$1.8M50xas long as short
BloFin ALGO-USDT+0.0220%8h0.1111+0.144%$488K$876K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0318% / S −0.0264%1h0.1110+0.024%$6K100xas long as short
Kraken Futures PF_ALGOUSD+0.0377%1h0.1112+0.225%$821K$1.1M50xas long as short
dYdX ALGO-USD+0.0971%1h0.1110+0.044%$160K$4K5xas long as short