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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0223%/8h= −24.4% APRpaid last 24h −0.067%
Price spread now: gTrade (Gains Network) against BloFin+0.082%50s7-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 feesneeds both histories
The price spread pays, funding is against you. gTrade (Gains Network) is 0.082% dearer against BloFin than usual: you sell high and buy low (spread +0.082% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 30 hours. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ALGO-USDT0.11070.0220pay 0.0220% / 8h6h 58m$493K$764K75x
ShortgTrade (Gains Network) ALGO/USD0.1108L +0.0001% / S +0.0003%pay 0.0000% / 1h58m 15s$6K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against BloFin. 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
−$46.81
Price spread: +0.082% → 0.000%
$8.22
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$60.59
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 8 min ago; gTrade (Gains Network): no order-book sample. 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 BloFin live order book, 8 min ago1.35 bp14.4 bp −$1427.9 bp −$279doesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): 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−0.0382%1h0.1106−0.045%$100K$49K25xas long as short
Coinbase International ALGO-PERP-INTX−0.0064%1h0.1114+0.632%$87K$273K50xas long as short
Variational Omni ALGO−0.0053%8h0.1105−0.194%$60K$12Kas long as short
gTrade (Gains Network) ALGO/USDshortL +0.0001% / S +0.0003%1h0.1108+0.082%$6K150x
Injective ALGO/USDC PERP+0.0033%1h0.1120+1.193%$834$233K12xas long as short
Hyperliquid ALGO+0.0100%1h0.1109+0.226%$3.6M$1.9M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1108+0.111%$44K$38K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1106−0.043%$9.8M$34.8M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1106−0.108%$11.2M$12.1M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1106−0.036%$2.9M$7.5M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ALGO_USDT+0.0100%8h0.1107+0.027%$872K$823K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1107−0.009%$22.7M$3.0M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1108+0.117%$3.5M$1.5M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1107+0.018%$5.5M$3.6M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1107−0.009%$3.3Mas long as short
HTX ALGO-USDT+0.0100%8h0.1108+0.108%$60K$142K75xas long as short
Extended ALGO-USD+0.0104%1h0.1107+0.001%$8K$229K10xas long as short
Phemex ALGOUSDT+0.0135%8h0.1110+0.289%$3.8M$1.8M50xas long as short
BloFin ALGO-USDTlong+0.0220%8h0.1107long leg$493K$764K75x
Kraken Futures PF_ALGOUSD+0.0264%1h0.1106−0.037%$820K$1.1M50xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0341% / S −0.0313%1h0.1107+0.033%$7K100xas long as short
dYdX ALGO-USD+0.5481%1h0.1106−0.067%$159K$3K5xas long as short