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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0101%/8h= +11.0% APRpaid last 24h +0.030%
Price spread now: HTX against gTrade (Gains Network)+0.061%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 +$3 a day on $10k at the current rate, and HTX is 0.061% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$6 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/USD0.1124L −0.0001% / S +0.0003%get 0.0000% / 1h5m 07s$17K150x
ShortHTX ALGO-USDT0.11240.0100get 0.0100% / 8h5h 05m$60K$140K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$21.18
Price spread: +0.061% → 0.000%
$6.14
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
$5.32
Costs to cover
0.220%
Break-even
5.2 days
Slippage unknown: gTrade (Gains Network): no order-book sample; HTX: live order book, 56 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 HTX live order book, 56 min ago12.11 bp42.1 bp −$42doesn't fitdoesn't fitdoesn't fit
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−0.0195%1h0.1123−0.036%$89K$44K25xas long as short
gTrade (Gains Network) ALGO/USDlongL −0.0001% / S +0.0003%1h0.1124long leg$17K150x
Coinbase International ALGO-PERP-INTX+0.0032%1h0.1131+0.675%$70K$275K50xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120−0.339%$834$233K12xas long as short
Hyperliquid ALGO+0.0100%1h0.1126+0.207%$3.7M$2.0M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1125+0.104%$45K$40K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1124+0.044%$9.9M$34.7M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1124+0.008%$11.7M$12.5M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1124+0.061%$2.9M$7.8M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1123−0.054%$870K$902K50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ALGO_USDT+0.0100%8h0.1123−0.036%$23.0M$3.0M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1125+0.070%$3.6M$1.5M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1124+0.017%$5.6M$3.6M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1124+0.052%$3.3Mas long as short
Variational Omni ALGO+0.0100%8h0.1125+0.064%$61K$12Kas long as short
HTX ALGO-USDTshort+0.0100%8h0.1124+0.061%$60K$140K75x
Phemex ALGOUSDT+0.0100%8h0.1127+0.284%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1123−0.084%$4K$227K10xas long as short
BloFin ALGO-USDT+0.0220%8h0.1124−0.019%$490K$920K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0344% / S −0.0313%1h0.1124−0.019%$7K100xas long as short
Kraken Futures PF_ALGOUSD+0.0352%1h0.1124−0.011%$831K$1.0M50xas long as short
dYdX ALGO-USD+0.1888%1h0.1123−0.051%$162K$4K5xas long as short