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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Binance−0.022%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$600.603% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.047%−$5 on $10k
Price spread, last 7 days+0.015%+$2 · spread now −0.022%, 7d avg −0.039%
Together, before fees−0.032%−$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ALGOUSDT0.11060.0100pay 0.0100% / 8h4h 38m$9.7M$34.7M75x
ShortOKX ALGO-USDT-SWAP0.11060.0100get 0.0100% / 8h4h 38m$2.8M$7.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Binance. 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: −0.022% → −0.039%
$1.64
Slippage, 4 orders
−$40.32
Fee Binance: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$58.68
Costs to cover
0.603%
Break-even
never at this rate
Slippage from Binance: live order book, 3 min ago; OKX: live order book, 5 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 Binance live order book, 3 min ago0.90 bp13.9 bp −$1436.6 bp −$366doesn't fitdoesn't fit
Sell OKX live order book, 5 min ago1.80 bp17.2 bp −$1767.4 bp −$674doesn'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−0.0112%1h0.1106−0.013%$88K$44K25xas long as short
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1106+0.023%$16K150xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+1.271%$834$233K12xas long as short
Coinbase International ALGO-PERP-INTX+0.0080%1h0.1116+0.945%$88K$291K50xas long as short
Hyperliquid ALGO+0.0100%1h0.1107+0.122%$3.6M$2.0M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1105−0.049%$44K$38K5xas long as short
Binance ALGOUSDTlong+0.0100%8h0.1106long leg$9.7M$34.7M75x
Bybit ALGOUSDT+0.0100%8h0.1105−0.122%$11.3M$12.5M75xas long as short
OKX ALGO-USDT-SWAPshort+0.0100%8h0.1106−0.022%$2.8M$7.7M50x
Gate ALGO_USDT+0.0100%8h0.1106+0.005%$857K$886K50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ALGO_USDT+0.0100%8h0.1106+0.032%$23.0M$3.0M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1107+0.086%$3.5M$1.5M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1105−0.086%$5.5M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1105−0.059%$3.3Mas long as short
Variational Omni ALGO+0.0100%8h0.1109+0.244%$61K$12Kas long as short
HTX ALGO-USDT+0.0100%8h0.1109+0.231%$59K$140K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1109+0.276%$3.7M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1105−0.074%$4K$227K10xas long as short
BloFin ALGO-USDT+0.0220%8h0.1105−0.086%$481K$875K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0342% / S −0.0313%1h0.1106+0.046%$7K100xas long as short
Kraken Futures PF_ALGOUSD+0.0379%1h0.1106+0.014%$816K$1.0M50xas long as short
dYdX ALGO-USD+0.1386%1h0.1105−0.104%$159K$4K5xas long as short