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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: HTX against Extended−0.143%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$990.987% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.129%+$13 on $10k
Price spread, last 3 days (all we have)+0.112%+$11 · spread now −0.143%, 7d avg −0.014%
Together, before fees+0.241%+ Points / potential airdropExtended: Active · farm board+$24 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 0.129% cheaper against Extended than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ALGO-USD0.11200.0104pay 0.0013% / 1h19m 58s$6K$227K10x
ShortHTX ALGO-USDT0.11180.0100get 0.0100% / 8h6h 19m$61K$143K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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
−$0.84
Price spread: −0.143% → −0.014%
−$12.85
Slippage, 4 orders
−$81.67
Fee Extended: 2.5 bp × 2 orders
−$5
Fee HTX: 6 bp × 2 orders
−$12
Net
−$112.36
Costs to cover
0.987%
Break-even
never at this rate
Slippage from Extended: live order book, 47 min ago; HTX: live order book, 46 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 Extended live order book, 47 min ago1.30 bp13.8 bp −$14124.1 bp −$1,241doesn't fitdoesn't fit
Sell HTX live order book, 46 min ago1.35 bp33.1 bp −$33doesn't fitdoesn't fitdoesn't fit

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−0.0287%1h0.1118−0.197%$101K$49K25xas long as short
Coinbase International ALGO-PERP-INTX−0.0064%1h0.1120+0.027%$71K$289K50xas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h0.1119−0.098%$6K150xas long as short
Variational Omni ALGO+0.0029%8h0.1120+0.013%$61K$12Kas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+0.018%$834$233K12xas long as short
Hyperliquid ALGO+0.0100%1h0.1120+0.018%$3.7M$2.0M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1119−0.104%$44K$40K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1120+0.027%$9.9M$34.8M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1120−0.009%$11.5M$12.4M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1120+0.045%$2.9M$7.7M50xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ALGO_USDT+0.0100%8h0.1119−0.072%$875K$858K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1120+0.009%$22.9M$3.0M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1120+0.036%$3.5M$1.5M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1120+0.018%$5.6M$3.6M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1120+0.027%$3.3Mas long as short
HTX ALGO-USDTshort+0.0100%8h0.1118−0.143%$61K$143K75x
Phemex ALGOUSDT+0.0100%8h0.1120+0.018%$3.8M$1.8M50xas long as short
Extended ALGO-USDlong+0.0104%1h0.1120long leg$6K$227K10x
Kraken Futures PF_ALGOUSD+0.0262%1h0.1118−0.159%$828K$1.1M50xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0343% / S −0.0313%1h0.1118−0.147%$7K100xas long as short
dYdX ALGO-USD+0.1579%1h0.1119−0.032%$161K$4K5xas long as short