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: HTX against Bitget−0.304%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$166as in the Price arb table
costs, in and out, $10k−$1411.408% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.010%+$1 on $10k
Price spread, last 3 days (all we have)+0.194%+$19 · spread now −0.304%, 7d avg −0.053%
Together, before fees+0.203%+$20 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 0.250% cheaper against Bitget than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of −0.053%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ALGOUSDT0.11200.0100pay 0.0100% / 8h7h 49m$5.6M$3.5M75x
ShortHTX ALGO-USDT0.11170.0100get 0.0100% / 8h7h 49m$66K$108K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Bitget. 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: −0.304% → −0.053%
−$25.01
Slippage, 4 orders
−$116.78
Fee Bitget: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$165.79
Costs to cover
1.408%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; HTX: live order book, 22 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 Bitget live order book, 4 min ago4.45 bp17.0 bp −$1747.5 bp −$475doesn't fitdoesn't fit
Sell HTX live order book, 22 min ago11.56 bp47.7 bp −$48doesn'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
Kraken Futures PF_ALGOUSD−0.0566%1h0.1120−0.039%$834K$1.1M50xas long as short
Deribit ALGO_USDC-PERPETUAL−0.0375%1h0.1119−0.089%$101K$50K25xas long as short
Variational Omni ALGO−0.0137%8h0.1116−0.350%$62K$12Kas long as short
Bybit ALGOUSDT−0.0136%8h0.1119−0.107%$11.3M$12.0M75xas long as short
Coinbase International ALGO-PERP-INTX−0.0104%1h0.1123+0.286%$67K$301K50xas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h0.1119−0.091%$6K150xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.11200.000%$834$233K12xas long as short
Extended ALGO-USD+0.0088%1h0.1118−0.177%$4K$228K10xas long as short
Binance ALGOUSDT+0.0088%8h0.1120+0.014%$9.9M$34.4M75xas long as short
MEXC ALGO_USDT+0.0093%8h0.1119−0.054%$23.0M$2.9M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid ALGO+0.0100%1h0.1120−0.027%$3.7M$1.8M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1119−0.131%$44K$38K5xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1120−0.036%$3.0M$7.5M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1118−0.170%$878K$810K50xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1118−0.161%$3.6M$1.4M50xas long as short
Bitget ALGOUSDTlong+0.0100%8h0.1120long leg$5.6M$3.5M75x
BingX ALGO-USDT+0.0100%8h0.1118−0.152%$3.3Mas long as short
HTX ALGO-USDTshort+0.0100%8h0.1117−0.304%$66K$108K75x
Phemex ALGOUSDT+0.0130%8h0.1121+0.089%$3.8M$1.8M50xas long as short
BloFin ALGO-USDT+0.0208%8h0.1115−0.438%$489K$787K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0340% / S −0.0347%1h0.1119−0.062%$7K100xas long as short
dYdX ALGO-USD+0.0966%1h0.1117−0.284%$160K$3K5xas long as short