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: HTX against OKX+0.063%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$1011.007% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.134%+$13 on $10k
Price spread, last 3 days (all we have)−0.073%−$7 · spread now +0.063%, 7d avg +0.018%
Together, before fees+0.061%+$6 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: HTX is 0.045% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ALGO-USDT-SWAP0.11140.0100pay 0.0100% / 8h2h 04m$3.0M$7.7M50x
ShortHTX ALGO-USDT0.11150.0100get 0.0100% / 8h2h 04m$66K$109K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against OKX. 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: +0.063% → +0.018%
$4.52
Slippage, 4 orders
−$78.72
Fee OKX: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$96.2
Costs to cover
1.007%
Break-even
never at this rate
Slippage from OKX: live order book, 4 min ago; HTX: live order book, 17 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 OKX live order book, 4 min ago1.79 bp17.2 bp −$1771.0 bp −$710doesn't fitdoesn't fit
Sell HTX live order book, 17 min ago7.58 bp14.2 bp −$14doesn'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−0.1004%1h0.1115+0.081%$101K$50K25xas long as short
Injective ALGO/USDC PERP−0.0212%1h0.1117+0.242%$832$202K12xas long as short
Bybit ALGOUSDT−0.0130%8h0.1114−0.018%$11.2M$12.3M75xas long as short
Variational Omni ALGO−0.0092%8h0.1115+0.031%$65K$10Kas long as short
Coinbase International ALGO-PERP-INTX−0.0064%1h0.1118+0.350%$62K$331K50xas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h0.1116+0.171%$6K150xas long as short
Kraken Futures PF_ALGOUSD+0.0093%1h0.1116+0.138%$838K$1.2M50xas long as short
Hyperliquid ALGO+0.0100%1h0.1116+0.153%$3.7M$1.9M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1117+0.218%$44K$31K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1115+0.036%$9.9M$34.8M75xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ALGO-USDT-SWAPlong+0.0100%8h0.1114long leg$3.0M$7.7M50x
Gate ALGO_USDT+0.0100%8h0.1115+0.063%$878K$866K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1115+0.063%$23.0M$3.0M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1115+0.081%$3.6M$1.5M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1116+0.153%$5.6M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1115+0.063%$3.3Mas long as short
HTX ALGO-USDTshort+0.0100%8h0.1115+0.063%$66K$109K75x
Phemex ALGOUSDT+0.0100%8h0.1118+0.332%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1115+0.061%$7K$210K10xas long as short
BloFin ALGO-USDT+0.0220%8h0.1115+0.090%$490K$793K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0237% / S −0.0158%1h0.1116+0.176%$5K100xas long as short
dYdX ALGO-USD+0.1288%1h0.1116+0.181%$160K$5K5xas long as short