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: HTX against BingX+0.218%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$900.898% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.010%+$1 on $10k
Price spread, last 4 days (all we have)−0.224%−$22 · spread now +0.218%, 7d avg −0.016%
Together, before fees−0.215%−$21 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.234% dearer against BingX than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ALGO-USDT0.11010.0100pay 0.0100% / 8h3h 01m$3.3M
ShortHTX ALGO-USDT0.11040.0100get 0.0100% / 8h3h 01m$60K$135K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against BingX. 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: +0.218% → −0.016%
$23.44
Slippage, 4 orders
−$67.82
Fee BingX: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$66.37
Costs to cover
0.898%
Break-even
never at this rate
Slippage from BingX: live order book, 3 min ago; HTX: live order book, 49 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 BingX live order book, 3 min ago5.43 bp15.7 bp −$1631.5 bp −$315290.0 bp −$29.0K750.2 bp −$375.1K
Sell HTX live order book, 49 min ago0.90 bp37.8 bp −$38doesn't fitdoesn't fitdoesn't fit

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
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1102+0.104%$16K150xas long as short
Deribit ALGO_USDC-PERPETUAL0.0000%1h0.1102+0.091%$87K$44K25xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+1.707%$834$233K12xas long as short
Hyperliquid ALGO+0.0100%1h0.1103+0.173%$3.6M$2.0M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1102+0.083%$44K$37K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1102+0.054%$9.5M$34.5M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1101−0.045%$11.0M$12.5M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1101+0.018%$2.7M$7.7M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1102+0.073%$850K$908K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1102+0.054%$22.9M$3.2M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ALGOUSDTM+0.0100%8h0.1101+0.018%$3.5M$1.4M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1102+0.073%$5.4M$3.5M75xas long as short
BingX ALGO-USDTlong+0.0100%8h0.1101long leg$3.3M
Variational Omni ALGO+0.0100%8h0.1104+0.219%$60K$12Kas long as short
HTX ALGO-USDTshort+0.0100%8h0.1104+0.218%$60K$135K75x
Extended ALGO-USD+0.0104%1h0.1102+0.031%$4K$195K10xas long as short
Phemex ALGOUSDT+0.0114%8h0.1105+0.345%$3.7M$1.8M50xas long as short
Kraken Futures PF_ALGOUSD+0.0132%1h0.1103+0.126%$829K$1.1M50xas long as short
Coinbase International ALGO-PERP-INTX+0.0168%1h0.1105+0.381%$64K$300K50xas long as short
BloFin ALGO-USDT+0.0220%8h0.1104+0.263%$478K$876K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0317% / S −0.0264%1h0.1102+0.094%$6K100xas long as short
dYdX ALGO-USD+0.1333%1h0.1103+0.143%$159K$4K5xas long as short