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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%
Price spread now: Extended against HTX+0.139%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1301.298% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.131%−$13 on $10k
Price spread, last 3 days (all we have)−0.106%−$11 · spread now +0.139%, 7d avg +0.015%
Together, before fees−0.237%+ Points / potential airdropExtended: Active · farm board−$24 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: Extended is 0.123% dearer against HTX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ALGO-USDT0.11180.0100pay 0.0100% / 8h7h 14m$63K$141K75x
ShortExtended ALGO-USD0.11200.0096get 0.0012% / 1h14m 59s$4K$228K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
−$0.84
Price spread: +0.139% → +0.015%
$12.34
Slippage, 4 orders
−$112.77
Fee HTX: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$118.27
Costs to cover
1.298%
Break-even
never at this rate
Slippage from HTX: live order book, 56 min ago; Extended: live order book, 57 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, 56 min ago11.56 bp55.3 bp −$55doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 57 min ago1.38 bp13.0 bp −$13126.2 bp −$1,262doesn'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
Kraken Futures PF_ALGOUSD−0.0565%1h0.1120+0.192%$832K$1.1M50xas long as short
Coinbase International ALGO-PERP-INTX−0.0104%1h0.1114−0.411%$87K$273K50xas long as short
Variational Omni ALGO−0.0086%8h0.1116−0.172%$61K$12Kas long as short
Deribit ALGO_USDC-PERPETUAL0.0000%1h0.1119+0.098%$101K$49K25xas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h0.1119+0.059%$6K150xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+0.170%$834$233K12xas long as short
Extended ALGO-USDshort+0.0096%1h0.1120+0.139%$4K$228K10x
MEXC ALGO_USDT+0.0097%8h0.1120+0.161%$23.0M$3.0M200xas long as short
Binance ALGOUSDT+0.0098%8h0.1120+0.160%$10.1M$34.6M75xas long as short
Hyperliquid ALGO+0.0100%1h0.1121+0.268%$3.7M$1.8M5xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ALGOUSDT+0.0100%8h0.1119+0.049%$44K$38K5xas long as short
Bybit ALGOUSDT+0.0100%8h0.1119+0.125%$11.4M$11.9M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1119+0.125%$2.9M$7.5M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1119+0.036%$877K$824K50xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1120+0.161%$3.6M$1.4M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1120+0.170%$5.6M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1119+0.054%$3.3Mas long as short
HTX ALGO-USDTlong+0.0100%8h0.1118long leg$63K$141K75x
Phemex ALGOUSDT+0.0100%8h0.1121+0.259%$3.8M$1.8M50xas long as short
BloFin ALGO-USDT+0.0218%8h0.1119+0.125%$493K$768K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0342% / S −0.0351%1h0.1119+0.085%$7K100xas long as short
dYdX ALGO-USD+0.1284%1h0.1118−0.012%$160K$3K5xas long as short