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

ALGO

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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: Gate against HTX+0.054%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$173as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1671.670% 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)−0.054%−$5 · spread now +0.054%, 7d avg −0.004%
Together, before fees−0.115%−$11 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: Gate is 0.057% dearer against HTX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ALGO-USDT0.11170.0100pay 0.0100% / 8h1h 50m$66K$108K75x
ShortGate ALGO_USDT0.11180.0100get 0.0100% / 8h1h 50m$879K$843K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: +0.054% → −0.004%
$5.72
Slippage, 4 orders
−$140.03
Fee HTX: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$161.31
Costs to cover
1.670%
Break-even
never at this rate
Slippage from HTX: live order book, 30 min ago; Gate: live order book, 31 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, 30 min ago7.58 bp53.2 bp −$53doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 31 min ago4.90 bp46.3 bp −$46368.7 bp −$3,687doesn'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−0.0376%1h0.1118+0.072%$101K$50K25xas long as short
Injective ALGO/USDC PERP−0.0295%1h0.1117−0.009%$832$202K12xas long as short
Kraken Futures PF_ALGOUSD−0.0288%1h0.1119+0.157%$840K$1.1M50xas long as short
Bybit ALGOUSDT−0.0118%8h0.1118+0.036%$11.3M$12.2M75xas long as short
Variational Omni ALGO−0.0098%8h0.1120+0.278%$65K$10Kas long as short
Coinbase International ALGO-PERP-INTX−0.0056%1h0.1118+0.098%$62K$331K50xas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h0.1119+0.156%$6K150xas long as short
Hyperliquid ALGO+0.0100%1h0.1120+0.224%$3.7M$1.9M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1118+0.111%$44K$31K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1119+0.148%$9.9M$34.7M75xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ALGO-USDT-SWAP+0.0100%8h0.1118+0.054%$3.0M$7.7M50xas long as short
Gate ALGO_USDTshort+0.0100%8h0.1118+0.054%$879K$843K50x
MEXC ALGO_USDT+0.0100%8h0.1118+0.107%$23.0M$2.8M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1119+0.152%$3.6M$1.5M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1119+0.170%$5.6M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1118+0.098%$3.3Mas long as short
HTX ALGO-USDTlong+0.0100%8h0.1117long leg$66K$108K75x
Phemex ALGOUSDT+0.0100%8h0.1120+0.260%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1118+0.101%$7K$210K10xas long as short
BloFin ALGO-USDT+0.0220%8h0.1117+0.018%$489K$788K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0237% / S −0.0158%1h0.1118+0.117%$5K100xas long as short
dYdX ALGO-USD+0.1515%1h0.1118+0.120%$160K$5K5xas long as short