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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against HTX+0.009%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$970.971% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.100%−$10 on $10k
Price spread, last 3 days (all we have)0.000%$0 · spread now +0.009%, 7d avg +0.051%
Together, before fees−0.100%−$10 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: Binance is 0.042% cheaper against HTX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.051%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ALGO-USDT0.11140.0100pay 0.0100% / 8h2h 35m$66K$109K75x
ShortBinance ALGOUSDT0.11140.0100get 0.0100% / 8h2h 35m$9.9M$34.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against HTX. 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: +0.009% → +0.051%
−$4.2
Slippage, 4 orders
−$75.12
Fee HTX: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$101.32
Costs to cover
0.971%
Break-even
never at this rate
Slippage from HTX: live order book, 50 min ago; Binance: live order book, 6 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 HTX live order book, 50 min ago4.49 bp51.6 bp −$52doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 6 min ago0.45 bp13.3 bp −$1335.2 bp −$352doesn't fitdoesn't fit

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−0.0737%1h0.1114−0.018%$101K$49K25xas long as short
Injective ALGO/USDC PERP−0.0212%1h0.1115+0.099%$830$175K12xas long as short
Bybit ALGOUSDT−0.0139%8h0.1113−0.117%$11.2M$12.3M75xas long as short
Variational Omni ALGO−0.0077%8h0.1114+0.018%$65K$10Kas long as short
Coinbase International ALGO-PERP-INTX−0.0064%1h0.1121+0.619%$62K$339K50xas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h0.1115+0.094%$6K150xas long as short
Kraken Futures PF_ALGOUSD+0.0093%1h0.1114+0.030%$836K$1.2M50xas long as short
Hyperliquid ALGO+0.0100%1h0.1115+0.108%$3.7M$1.9M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1115+0.094%$44K$31K5xas long as short
Binance ALGOUSDTshort+0.0100%8h0.1114+0.009%$9.9M$34.9M75x
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ALGO-USDT-SWAP+0.0100%8h0.1113−0.045%$3.0M$7.8M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1115+0.099%$878K$818K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1114−0.036%$23.0M$2.9M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1115+0.063%$3.6M$1.5M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1114+0.009%$5.7M$3.6M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1114−0.036%$3.3Mas long as short
HTX ALGO-USDTlong+0.0100%8h0.1114long leg$66K$109K75x
Phemex ALGOUSDT+0.0100%8h0.1116+0.189%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1113−0.058%$7K$210K10xas long as short
BloFin ALGO-USDT+0.0220%8h0.1114−0.009%$491K$791K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0237% / S −0.0158%1h0.1114+0.045%$5K100xas long as short
dYdX ALGO-USD+0.1259%1h0.1115+0.094%$160K$5K5xas long as short