Funding arb · Price arb /

ALGO

all ALGO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: OKX against gTrade (Gains Network)−0.036%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on OKX

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. OKX is 0.036% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 29 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ALGO/USD	0.1115	L +0.0001% / S +0.0003%	pay 0.0000% / 1h	43m 29s	$6K	—	150x
Short	OKX ALGO-USDT-SWAP	0.1115	0.0100	get 0.0100% / 8h	6h 43m	$2.9M	$7.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee OKXbpOrdersPrice spread, now −0.036%Rate

Funding earned: $20.88
Price spread: −0.036% → 0.000%: −$3.59
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$2.7
Costs to cover: 0.200%
Break-even: 7.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; OKX: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell OKX live order book, 5 min ago	1.80 bp	13.8 bp −$14	62.6 bp −$626	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International ALGO-PERP-INTX	−0.0064%	1h	0.1113	−0.242%	$86K	$273K	50x	as long as short
Variational Omni ALGO	−0.0029%	8h	0.1111	−0.338%	$61K	$12K	—	as long as short
Deribit ALGO_USDC-PERPETUAL	0.0000%	1h	0.1114	−0.108%	$101K	$49K	25x	as long as short
gTrade (Gains Network) ALGO/USDlong	L +0.0001% / S +0.0003%	1h	0.1115	long leg	$6K	—	150x
Injective ALGO/USDC PERP	+0.0033%	1h	0.1120	+0.430%	$834	$233K	12x	as long as short
Hyperliquid ALGO	+0.0100%	1h	0.1116	+0.098%	$3.6M	$2.0M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	0.1114	−0.073%	$44K	$38K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	0.1115	−0.016%	$9.9M	$34.9M	75x	as long as short
Bybit ALGOUSDT	+0.0100%	8h	0.1114	−0.063%	$11.5M	$12.3M	75x	as long as short
OKX ALGO-USDT-SWAPshort	+0.0100%	8h	0.1115	−0.036%	$2.9M	$7.6M	50x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ALGO_USDT	+0.0100%	8h	0.1113	−0.161%	$872K	$844K	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	0.1115	−0.018%	$22.9M	$3.0M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	0.1115	−0.018%	$3.5M	$1.5M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1115	−0.018%	$5.6M	$3.6M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1115	−0.045%	—	$3.3M	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1114	−0.117%	$60K	$144K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	0.1116	+0.072%	$3.8M	$1.8M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	0.1114	−0.093%	$8K	$229K	10x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	0.1117	+0.135%	$489K	$801K	75x	as long as short
Kraken Futures PF_ALGOUSD	+0.0262%	1h	0.1115	−0.015%	$827K	$1.1M	50x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0342% / S −0.0313%	1h	0.1114	−0.120%	$7K	—	100x	as long as short
dYdX ALGO-USD	+0.1513%	1h	0.1115	−0.021%	$161K	$4K	5x	as long as short