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+0.1205%/8h= +131.9% APRpaid last 24h +0.508%
Price spread now: dYdX against BloFin+0.049%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$208as in the Funding arb table
Net, price: spread back to 7d avg − costs−$340as in the Price arb table
costs, in and out, $10k−$3413.408% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+1.324%+$132 on $10k
Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.049%, 7d avg +0.045%
Together, before fees+1.181%+$118 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: +$36 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ALGO-USDT0.11120.0220pay 0.0220% / 8h4h 40m$487K$878K75x
ShortdYdX ALGO-USD0.11120.1425get 0.0178% / 1h40m 40s$160K$4K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against BloFin. 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
$253.01
Price spread: +0.049% → +0.045%
$0.45
Slippage, 4 orders
−$318.81
Fee BloFin: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$87.35
Costs to cover
3.408%
Break-even
9.4 days
Slippage from BloFin: live order book, 61 min ago; dYdX: live order book, 18 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 BloFin live order book, 61 min ago0.45 bp13.9 bp −$1434.7 bp −$347doesn't fitdoesn't fit
Sell dYdX live order book, 18 min ago49.85 bp245.9 bp −$246249.4 bp −$2,494258.1 bp −$25.8K1208.5 bp −$604.3K

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%1h0.1110−0.125%$16K150xas long as short
Deribit ALGO_USDC-PERPETUAL0.0000%1h0.1111−0.063%$88K$44K25xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+0.756%$834$233K12xas long as short
Coinbase International ALGO-PERP-INTX+0.0080%1h0.1116+0.432%$88K$291K50xas long as short
Hyperliquid ALGO+0.0100%1h0.1114+0.171%$3.7M$2.0M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1112+0.021%$44K$38K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1112+0.025%$9.7M$34.7M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1111−0.072%$11.3M$12.5M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.11120.000%$2.8M$7.7M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1112+0.036%$861K$886K50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ALGO_USDT+0.0100%8h0.1112+0.027%$23.1M$3.0M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1112+0.063%$3.5M$1.5M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1112+0.036%$5.5M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1112+0.018%$3.3Mas long as short
Variational Omni ALGO+0.0100%8h0.1109−0.266%$61K$12Kas long as short
HTX ALGO-USDT+0.0100%8h0.1110−0.144%$59K$140K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1113+0.126%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1112+0.007%$4K$227K10xas long as short
BloFin ALGO-USDTlong+0.0220%8h0.1112long leg$487K$878K75x
GMX ALGO/USD [WBTC.b-USDC]L +0.0342% / S −0.0313%1h0.1110−0.152%$7K100xas long as short
Kraken Futures PF_ALGOUSD+0.0378%1h0.1111−0.061%$820K$1.0M50xas long as short
dYdX ALGO-USDshort+0.1425%1h0.1112+0.049%$160K$4K5x