Funding arb · Price arb /

ALGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0103%/8h= −11.3% APRpaid last 24h −0.006%

Price spread now: gTrade (Gains Network) against Bybit+0.086%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on gTrade (Gains Network)

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.086% dearer against Bybit than usual: you sell high and buy low (spread +0.086% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ALGOUSDT	0.1109	0.0100	pay 0.0100% / 8h	6h 38m	$11.4M	$12.4M	75x
Short	gTrade (Gains Network) ALGO/USD	0.1110	L +0.0001% / S +0.0003%	pay 0.0000% / 1h	38m 41s	$6K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.086%Rate

Funding earned: −$21.61
Price spread: +0.086% → 0.000%: $8.57
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$34.04
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 5 min ago	2.70 bp	15.4 bp −$15	41.7 bp −$417	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International ALGO-PERP-INTX	−0.0064%	1h	0.1113	+0.379%	$71K	$288K	50x	as long as short
Variational Omni ALGO	−0.0018%	8h	0.1108	−0.015%	$61K	$12K	—	as long as short
Deribit ALGO_USDC-PERPETUAL	0.0000%	1h	0.1109	+0.027%	$100K	$49K	25x	as long as short
gTrade (Gains Network) ALGO/USDshort	L +0.0001% / S +0.0003%	1h	0.1110	+0.086%	$6K	—	150x
Injective ALGO/USDC PERP	+0.0033%	1h	0.1120	+1.028%	$834	$233K	12x	as long as short
Hyperliquid ALGO	+0.0100%	1h	0.1111	+0.262%	$3.6M	$2.0M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	0.1109	+0.036%	$44K	$38K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	0.1110	+0.115%	$9.9M	$34.9M	75x	as long as short
Bybit ALGOUSDTlong	+0.0100%	8h	0.1109	long leg	$11.4M	$12.4M	75x
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1109	−0.009%	$2.9M	$7.6M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ALGO_USDT	+0.0100%	8h	0.1108	−0.045%	$867K	$853K	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	0.1109	+0.072%	$22.8M	$3.0M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	0.1110	+0.144%	$3.5M	$1.5M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1110	+0.126%	$5.6M	$3.6M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1109	+0.018%	—	$3.3M	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1107	−0.162%	$60K	$144K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	0.1109	+0.036%	$3.8M	$1.8M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	0.1109	+0.056%	$8K	$229K	10x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	0.1117	+0.731%	$489K	$801K	75x	as long as short
Kraken Futures PF_ALGOUSD	+0.0264%	1h	0.1109	+0.066%	$823K	$1.1M	50x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0341% / S −0.0313%	1h	0.1109	+0.069%	$7K	—	100x	as long as short
dYdX ALGO-USD	+0.1425%	1h	0.1109	+0.078%	$160K	$4K	5x	as long as short