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: MEXC against HTX+0.205%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$1111.109% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.100%−$10 on $10k
Price spread, last 3 days (all we have)−0.118%−$12 · spread now +0.205%, 7d avg +0.054%
Together, before fees−0.218%−$22 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: MEXC is 0.150% dearer against HTX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.054%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ALGO-USDT0.11220.0100pay 0.0100% / 8h0m 54s$66K$107K75x
ShortMEXC ALGO_USDT0.11250.0100get 0.0100% / 8h0m 54s$23.1M$3.0M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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: +0.205% → +0.054%
$15.04
Slippage, 4 orders
−$98.9
Fee HTX: 6 bp × 2 orders
−$12
Fee MEXC: 0 bp × 2 orders
$0
Net
−$95.86
Costs to cover
1.109%
Break-even
never at this rate
Slippage from HTX: live order book, 10 min ago; MEXC: live order book, 3 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, 10 min ago11.56 bp55.3 bp −$55doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 3 min ago0.44 bp2.9 bp −$312.0 bp −$120402.1 bp −$40.2Kdoesn'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−0.0284%1h0.1124+0.134%$102K$50K25xas long as short
Kraken Futures PF_ALGOUSD−0.0157%1h0.1125+0.238%$836K$1.1M50xas long as short
Bybit ALGOUSDT−0.0151%8h0.1124+0.116%$11.3M$12.0M75xas long as short
Variational Omni ALGO−0.0132%8h0.1121−0.107%$62K$12Kas long as short
Coinbase International ALGO-PERP-INTX−0.0112%1h0.1124+0.169%$62K$298K50xas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h0.1124+0.116%$6K150xas long as short
Injective ALGO/USDC PERP+0.0026%1h0.1120−0.214%$834$233K12xas long as short
Hyperliquid ALGO+0.0100%1h0.1126+0.347%$3.8M$1.9M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1124+0.143%$44K$36K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1125+0.202%$10.0M$34.2M75xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ALGO-USDT-SWAP+0.0100%8h0.1124+0.178%$3.0M$7.6M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1124+0.134%$884K$837K50xas long as short
MEXC ALGO_USDTshort+0.0100%8h0.1125+0.205%$23.1M$3.0M200x
KuCoin ALGOUSDTM+0.0100%8h0.1125+0.223%$3.6M$1.4M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1125+0.232%$5.7M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1124+0.143%$3.3Mas long as short
HTX ALGO-USDTlong+0.0100%8h0.1122long leg$66K$107K75x
Phemex ALGOUSDT+0.0100%8h0.1126+0.321%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1124+0.180%$7K$210K10xas long as short
BloFin ALGO-USDT+0.0220%8h0.1123+0.009%$491K$793K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0334% / S −0.0337%1h0.1123+0.080%$7K100xas long as short
dYdX ALGO-USD+0.1352%1h0.1124+0.180%$161K$3K5xas long as short