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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.1312%/8h= +143.7% APRnext payment +$1.64 per $10,000 · paid last 24h +0.593%
Price spread now: dYdX against gTrade (Gains Network)+0.096%7-day average · you sell dearer than you buy
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 feesneeds both histories
Both sides work for this trade now. Funding pays +$39 a day on $10k at the current rate, and dYdX is 0.096% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ALGO/USD0.1117L +0.0001% / S +0.0003%pay 0.0000% / 1h5m 50s$6K150x
ShortdYdX ALGO-USD0.11180.1313get 0.0164% / 1h5m 50s$160K$5K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against gTrade (Gains Network). 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
$275.56
Price spread: +0.096% → 0.000%
$9.59
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
$265.15
Costs to cover
0.200%
Break-even
0.3 days
Slippage unknown: gTrade (Gains Network): no order-book sample; dYdX: live order book, 18 min ago. 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 gTrade (Gains Network) no order-book sample
Sell dYdX live order book, 18 min ago74.83 bp106.2 bp −$106222.2 bp −$2,222303.6 bp −$30.4K1381.5 bp −$690.7K
gTrade (Gains Network): 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 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−0.0734%1h0.1116−0.063%$101K$50K25xas long as short
Injective ALGO/USDC PERP−0.0212%1h0.1117−0.018%$832$202K12xas long as short
Bybit ALGOUSDT−0.0126%8h0.1115−0.188%$11.2M$12.2M75xas long as short
Variational Omni ALGO−0.0087%8h0.1117+0.002%$65K$10Kas long as short
Coinbase International ALGO-PERP-INTX−0.0064%1h0.1118+0.090%$62K$331K50xas long as short
gTrade (Gains Network) ALGO/USDlongL +0.0001% / S +0.0003%1h0.1117long leg$6K150x
Kraken Futures PF_ALGOUSD+0.0093%1h0.1117−0.043%$839K$1.2M50xas long as short
Hyperliquid ALGO+0.0100%1h0.11170.000%$3.7M$1.9M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1117+0.024%$44K$31K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1115−0.156%$9.9M$34.8M75xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ALGO-USDT-SWAP+0.0100%8h0.1115−0.188%$3.0M$7.7M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1116−0.134%$878K$866K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1116−0.143%$23.0M$3.0M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1116−0.090%$3.6M$1.5M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1116−0.107%$5.6M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1116−0.125%$3.3Mas long as short
HTX ALGO-USDT+0.0100%8h0.1116−0.081%$66K$109K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1118+0.072%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1115−0.165%$7K$210K10xas long as short
BloFin ALGO-USDT+0.0220%8h0.1118+0.081%$492K$795K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0237% / S −0.0158%1h0.1117−0.003%$5K100xas long as short
dYdX ALGO-USDshort+0.1313%1h0.1118+0.096%$160K$5K5x