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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.1439%/8h= +157.5% APRpaid last 24h +0.563%
Price spread now: dYdX against Variational Omni+0.147%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$43 a day on $10k at the current rate, and dYdX is 0.147% dearer against Variational Omni than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ALGO0.1123−0.0081get 0.0081% / 8h2h 30m$65K$10K
ShortdYdX ALGO-USD0.11240.1357get 0.0170% / 1h30m 18s$161K$5K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Variational Omni. 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
$302.13
Price spread: +0.147% → 0.000%
$14.75
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee dYdX: 5 bp × 2 orders
−$10
Net
$306.88
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; dYdX: live order book, 58 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample
Sell dYdX live order book, 58 min ago90.64 bp95.6 bp −$96210.1 bp −$2,101291.2 bp −$29.1K1248.6 bp −$624.3K
Variational Omni: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ALGO_USDC-PERPETUAL−0.0819%1h0.1122−0.080%$101K$50K25xas long as short
Injective ALGO/USDC PERP−0.0212%1h0.1115−0.677%$830$175K12xas long as short
Bybit ALGOUSDT−0.0124%8h0.1121−0.098%$11.3M$12.2M75xas long as short
Variational Omni ALGOlong−0.0081%8h0.1123long leg$65K$10K
Coinbase International ALGO-PERP-INTX−0.0064%1h0.1121−0.160%$62K$331K50xas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h0.1123+0.025%$6K150xas long as short
Kraken Futures PF_ALGOUSD+0.0092%1h0.1123−0.004%$842K$1.2M50xas long as short
Hyperliquid ALGO+0.0100%1h0.1124+0.123%$3.8M$1.9M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1124+0.098%$44K$31K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1122−0.063%$10.0M$34.8M75xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ALGO-USDT-SWAP+0.0100%8h0.1121−0.098%$3.0M$7.8M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1123+0.053%$883K$819K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1123−0.009%$23.1M$2.9M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1124+0.116%$3.6M$1.5M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1122−0.053%$5.7M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1123−0.009%$3.3Mas long as short
HTX ALGO-USDT+0.0100%8h0.1123+0.018%$66K$109K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1125+0.214%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1122−0.054%$7K$210K10xas long as short
BloFin ALGO-USDT+0.0220%8h0.1122−0.062%$490K$796K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0238% / S −0.0158%1h0.1123+0.012%$5K100xas long as short
dYdX ALGO-USDshort+0.1357%1h0.1124+0.147%$161K$5K5x