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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against Gate+0.196%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1571.573% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.061%+$6 on $10k
Price spread, last 3 days (all we have)−0.234%−$23 · spread now +0.196%, 7d avg +0.001%
Together, before fees−0.173%−$17 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 0.196% dearer against Gate than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.001%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ALGO_USDT0.11200.0100pay 0.0100% / 8h6h 23m$876K$858K50x
ShortHTX ALGO-USDT0.11220.0100get 0.0100% / 8h6h 23m$61K$143K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$0
Price spread: +0.196% → +0.001%
$19.55
Slippage, 4 orders
−$130.35
Fee Gate: 7.5 bp × 2 orders
−$15
Fee HTX: 6 bp × 2 orders
−$12
Net
−$137.79
Costs to cover
1.573%
Break-even
never at this rate
Slippage from Gate: live order book, 43 min ago; HTX: live order book, 42 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, 43 min ago6.28 bp39.6 bp −$40578.2 bp −$5,782doesn't fitdoesn't fit
Sell HTX live order book, 42 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−0.0285%1h0.1120+0.036%$101K$49K25xas long as short
Coinbase International ALGO-PERP-INTX−0.0064%1h0.1120+0.009%$71K$289K50xas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h0.1121+0.082%$6K150xas long as short
Variational Omni ALGO+0.0018%8h0.1119−0.079%$61K$12Kas long as short
Injective ALGO/USDC PERP+0.0033%1h0.11200.000%$834$233K12xas long as short
Hyperliquid ALGO+0.0100%1h0.1123+0.304%$3.7M$2.0M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1121+0.134%$44K$40K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1121+0.092%$9.9M$34.9M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1121+0.063%$11.6M$12.4M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1121+0.071%$2.9M$7.7M50xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ALGO_USDTlong+0.0100%8h0.1120long leg$876K$858K50x
MEXC ALGO_USDT+0.0100%8h0.1120+0.045%$23.0M$3.0M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1121+0.116%$3.5M$1.5M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1121+0.089%$5.6M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1121+0.054%$3.3Mas long as short
HTX ALGO-USDTshort+0.0100%8h0.1122+0.196%$61K$143K75x
Phemex ALGOUSDT+0.0100%8h0.1123+0.268%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1121+0.045%$6K$227K10xas long as short
Kraken Futures PF_ALGOUSD+0.0261%1h0.1121+0.096%$832K$1.1M50xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0343% / S −0.0313%1h0.1120+0.041%$7K100xas long as short
dYdX ALGO-USD+0.1515%1h0.1121+0.070%$162K$4K5xas long as short