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+0.0978%/8h= +107.1% APRpaid last 24h +0.544%
Price spread now: dYdX against Gate+0.091%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$267as in the Funding arb table
Net, price: spread back to 7d avg − costs−$421as in the Price arb table
costs, in and out, $10k−$4224.223% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+1.551%+$155 on $10k
Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.091%, 7d avg +0.076%
Together, before fees+1.536%+$154 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.076%, so right now this pair is about funding alone: +$29 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ALGO_USDT0.11100.0100pay 0.0100% / 8h4h 50m$860K$885K50x
ShortdYdX ALGO-USD0.11110.1078get 0.0135% / 1h50m 04s$160K$4K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Gate. 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
$205.38
Price spread: +0.091% → +0.076%
$1.51
Slippage, 4 orders
−$397.27
Fee Gate: 7.5 bp × 2 orders
−$15
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$215.39
Costs to cover
4.223%
Break-even
14.3 days
Slippage from Gate: live order book, 7 min ago; dYdX: live order book, 9 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 Gate live order book, 7 min ago7.59 bp61.4 bp −$61746.8 bp −$7,468doesn't fitdoesn't fit
Sell dYdX live order book, 9 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
Deribit ALGO_USDC-PERPETUAL−0.0110%1h0.1110+0.063%$88K$44K25xas long as short
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1111+0.091%$16K150xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+0.919%$834$233K12xas long as short
Coinbase International ALGO-PERP-INTX+0.0080%1h0.1116+0.595%$88K$291K50xas long as short
Hyperliquid ALGO+0.0100%1h0.1112+0.189%$3.7M$2.0M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1111+0.140%$44K$38K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1109−0.066%$9.7M$34.7M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1108−0.126%$11.4M$12.5M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1109−0.072%$2.8M$7.7M50xas long as short
Gate ALGO_USDTlong+0.0100%8h0.1110long leg$860K$885K50x
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ALGO_USDT+0.0100%8h0.1110+0.036%$22.7M$3.0M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1111+0.090%$3.5M$1.5M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1110+0.018%$5.5M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1111+0.081%$3.3Mas long as short
Variational Omni ALGO+0.0100%8h0.1110+0.046%$61K$12Kas long as short
HTX ALGO-USDT+0.0100%8h0.1111+0.081%$59K$140K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1113+0.288%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1110+0.038%$4K$227K10xas long as short
BloFin ALGO-USDT+0.0220%8h0.1111+0.117%$489K$890K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0342% / S −0.0313%1h0.1111+0.073%$7K100xas long as short
Kraken Futures PF_ALGOUSD+0.0378%1h0.1111+0.080%$822K$1.0M50xas long as short
dYdX ALGO-USDshort+0.1078%1h0.1111+0.091%$160K$4K5x