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: Bitget against HTX+0.018%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1071.074% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.010%−$1 on $10k
Price spread, last 3 days (all we have)+0.089%+$9 · spread now +0.018%, 7d avg +0.055%
Together, before fees+0.079%+$8 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: Bitget is 0.037% 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 +0.055%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ALGO-USDT0.11270.0100pay 0.0100% / 8h32m 14s$66K$107K75x
ShortBitget ALGOUSDT0.11270.0100get 0.0100% / 8h32m 14s$5.7M$3.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: +0.018% → +0.055%
−$3.68
Slippage, 4 orders
−$83.39
Fee HTX: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$111.07
Costs to cover
1.074%
Break-even
never at this rate
Slippage from HTX: live order book, 44 min ago; Bitget: live order book, 1 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, 44 min ago10.27 bp52.3 bp −$52doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago4.43 bp21.4 bp −$2143.4 bp −$434doesn'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−0.0548%1h0.1127−0.027%$102K$50K25xas long as short
Kraken Futures PF_ALGOUSD−0.0157%1h0.1126−0.052%$838K$1.1M50xas long as short
Coinbase International ALGO-PERP-INTX−0.0112%1h0.1130+0.284%$62K$333K50xas long as short
Bybit ALGOUSDT−0.0110%8h0.1126−0.080%$11.3M$12.2M75xas long as short
Variational Omni ALGO−0.0090%8h0.1124−0.260%$62K$13Kas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h0.1128+0.092%$6K150xas long as short
Injective ALGO/USDC PERP+0.0026%1h0.1120−0.603%$834$233K12xas long as short
Hyperliquid ALGO+0.0100%1h0.1129+0.169%$3.8M$1.9M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1128+0.062%$44K$35K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1127−0.020%$10.0M$34.8M75xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ALGO-USDT-SWAP+0.0100%8h0.1125−0.151%$3.0M$7.8M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1128+0.106%$890K$834K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1126−0.044%$23.1M$2.9M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1127−0.018%$3.6M$1.5M50xas long as short
Bitget ALGOUSDTshort+0.0100%8h0.1127+0.018%$5.7M$3.6M75x
BingX ALGO-USDT+0.0100%8h0.1126−0.071%$3.3Mas long as short
HTX ALGO-USDTlong+0.0100%8h0.1127long leg$66K$107K75x
Phemex ALGOUSDT+0.0100%8h0.1129+0.195%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1127+0.023%$7K$210K10xas long as short
BloFin ALGO-USDT+0.0220%8h0.11270.000%$496K$797K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0320% / S −0.0310%1h0.1128+0.067%$7K100xas long as short
dYdX ALGO-USD+0.1494%1h0.1128+0.108%$162K$3K5xas long as short