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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0054%/8h= −5.9% APRnext payment $0.54 per $10,000 · paid last 24h −0.023%
Price spread now: Variational Omni against BingX−0.058%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 airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.058% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ALGO-USDT0.11160.0100pay 0.0100% / 8h6h 07m$3.3M
ShortVariational Omni ALGO0.11150.0046get 0.0046% / 8h6h 07m$61K$12K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
−$11.31
Price spread: −0.058% → 0.000%
−$5.78
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$27.09
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 13 min ago; Variational Omni: 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 BingX live order book, 13 min ago4.02 bp13.6 bp −$1428.9 bp −$289288.4 bp −$28.8K679.5 bp −$339.7K
Sell Variational Omni no order-book sample
Variational Omni: 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 21 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−0.0108%1h0.1116−0.027%$101K$49K25xas long as short
Coinbase International ALGO-PERP-INTX−0.0064%1h0.1120+0.376%$71K$286K50xas long as short
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1116+0.009%$17K150xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+0.367%$834$233K12xas long as short
Variational Omni ALGOshort+0.0046%8h0.1115−0.058%$61K$12K
Hyperliquid ALGO+0.0100%1h0.1119+0.293%$3.7M$2.0M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1117+0.090%$44K$41K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1117+0.099%$9.8M$34.8M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1116+0.009%$11.5M$12.4M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1117+0.063%$2.9M$7.7M50xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ALGO_USDT+0.0100%8h0.1117+0.099%$873K$860K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1117+0.090%$22.9M$3.0M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1117+0.063%$3.5M$1.5M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1117+0.099%$5.6M$3.6M75xas long as short
BingX ALGO-USDTlong+0.0100%8h0.1116long leg$3.3M
HTX ALGO-USDT+0.0100%8h0.1116−0.018%$60K$143K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1118+0.188%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1117+0.066%$4K$232K10xas long as short
Kraken Futures PF_ALGOUSD+0.0262%1h0.1118+0.151%$828K$1.1M50xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0342% / S −0.0313%1h0.1116−0.005%$7K100xas long as short
dYdX ALGO-USD+0.1521%1h0.1115−0.086%$161K$4K5xas long as short