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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against HTX+0.249%7-day average +0.129% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$970.973% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.074%−$7 on $10k
Price spread, last 3 days (all we have)−0.198%−$20 · spread now +0.249%, 7d avg +0.129%
Together, before fees−0.272%+ Points / potential airdropHyperliquid: Season 2 · farm board−$27 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: Hyperliquid is 0.120% dearer against HTX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.129%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ALGO-USDT0.11240.0100pay 0.0100% / 8h1h 00m$66K$109K75x
ShortHyperliquid ALGO0.11270.0100get 0.0013% / 1h0m 06s$3.8M$1.9M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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: +0.249% → +0.129%
$12.02
Slippage, 4 orders
−$76.35
Fee HTX: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$85.33
Costs to cover
0.973%
Break-even
never at this rate
Slippage from HTX: live order book, 16 min ago; Hyperliquid: 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, 16 min ago10.27 bp52.3 bp −$52doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 1 min ago1.78 bp13.1 bp −$13doesn't fitdoesn'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−0.0372%1h0.1125+0.089%$102K$50K25xas long as short
Injective ALGO/USDC PERP−0.0295%1h0.1120−0.365%$834$233K12xas long as short
Kraken Futures PF_ALGOUSD−0.0286%1h0.1126+0.145%$837K$1.2M50xas long as short
Bybit ALGOUSDT−0.0096%8h0.1125+0.053%$11.3M$12.3M75xas long as short
Variational Omni ALGO−0.0081%8h0.1123−0.067%$65K$10Kas long as short
Coinbase International ALGO-PERP-INTX−0.0056%1h0.1121−0.311%$62K$332K50xas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h0.1126+0.133%$6K150xas long as short
Hyperliquid ALGOshort+0.0100%1h0.1127+0.249%$3.8M$1.9M5x
Aster ALGOUSDT+0.0100%8h0.1125+0.091%$44K$36K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1126+0.133%$9.9M$34.8M75xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ALGO-USDT-SWAP+0.0100%8h0.11240.000%$3.0M$7.8M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1125+0.062%$888K$856K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1126+0.133%$23.4M$2.8M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1126+0.133%$3.6M$1.5M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1126+0.169%$5.7M$3.6M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1125+0.071%$3.3Mas long as short
HTX ALGO-USDTlong+0.0100%8h0.1124long leg$66K$109K75x
Phemex ALGOUSDT+0.0100%8h0.1128+0.347%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1125+0.060%$7K$210K10xas long as short
BloFin ALGO-USDT+0.0220%8h0.11240.000%$489K$799K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0259% / S −0.0193%1h0.1126+0.142%$5K100xas long as short
dYdX ALGO-USD+0.1544%1h0.1125+0.071%$161K$3K5xas long as short