Funding arb · Price arb /

ALGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0103%/8h= −11.3% APRpaid last 24h −0.031%

Price spread now: gTrade (Gains Network) against HTX+0.105%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.105% dearer against HTX than usual: you sell high and buy low (spread +0.105% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ALGO-USDT	0.1109	0.0100	pay 0.0100% / 8h	4h 45m	$59K	$140K	75x
Short	gTrade (Gains Network) ALGO/USD	0.1110	L −0.0001% / S +0.0003%	pay 0.0000% / 1h	45m 15s	$16K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Position, each leg$Hold fordaysFee HTXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.105%Rate

Funding earned: −$21.61
Price spread: +0.105% → 0.000%: $10.55
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$33.06
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 11 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 11 min ago	11.16 bp	46.4 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ALGO on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ALGO_USDC-PERPETUAL	−0.0110%	1h	0.1110	+0.099%	$88K	$44K	25x	as long as short
gTrade (Gains Network) ALGO/USDshort	L −0.0001% / S +0.0003%	1h	0.1110	+0.105%	$16K	—	150x
Injective ALGO/USDC PERP	+0.0033%	1h	0.1120	+0.974%	$834	$233K	12x	as long as short
Coinbase International ALGO-PERP-INTX	+0.0080%	1h	0.1116	+0.649%	$88K	$291K	50x	as long as short
Hyperliquid ALGO	+0.0100%	1h	0.1112	+0.234%	$3.7M	$2.0M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	0.1110	+0.045%	$44K	$38K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	0.1110	+0.096%	$9.7M	$34.7M	75x	as long as short
Bybit ALGOUSDT	+0.0100%	8h	0.1109	−0.009%	$11.4M	$12.5M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1110	+0.054%	$2.8M	$7.7M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	0.1109	−0.054%	$859K	$886K	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ALGO_USDT	+0.0100%	8h	0.1110	+0.117%	$23.1M	$3.0M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	0.1110	+0.045%	$3.5M	$1.5M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1110	+0.072%	$5.5M	$3.5M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1109	+0.027%	—	$3.3M	—	as long as short
Variational Omni ALGO	+0.0100%	8h	0.1108	−0.136%	$61K	$12K	—	as long as short
HTX ALGO-USDTlong	+0.0100%	8h	0.1109	long leg	$59K	$140K	75x
Phemex ALGOUSDT	+0.0100%	8h	0.1113	+0.343%	$3.8M	$1.8M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	0.1110	+0.072%	$4K	$227K	10x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	0.1110	+0.054%	$488K	$890K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0342% / S −0.0313%	1h	0.1111	+0.121%	$7K	—	100x	as long as short
Kraken Futures PF_ALGOUSD	+0.0378%	1h	0.1110	+0.084%	$819K	$1.0M	50x	as long as short
dYdX ALGO-USD	+0.1292%	1h	0.1109	−0.045%	$160K	$4K	5x	as long as short