data as of
Settings8H · net · $10k
Funding arb /

ALGO

all ALGO markets
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Funding spread now, next payment 00:00 UTC+0.0050%/8h
next payment, per $10,000+$0.50paid, last 24h0.000%paid, last 7 days+0.098%to open and close $10k−$77
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ALGOUSDT0.11220.0050pay 0.0050% / 8h6h 50m$11.5M$12.9M75x
ShortPhemex ALGOUSDT0.11250.0100get 0.0100% / 8h6h 50m$3.9M$1.9M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$10.41
Slippage, 4 orders
−$53.6
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$66.18
Break-even
51.5 days
Slippage from Bybit: live order book, 4 min ago; Phemex: live order book, 4 min ago.

Price risk

price view
Price gap now
+0.267%
Avg gap 7d
+0.189%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago0.45 bp15.2 bp −$1542.9 bp −$429doesn't fitdoesn't fit
Sell Phemex live order book, 4 min ago4.47 bp23.5 bp −$2465.4 bp −$654doesn't fitdoesn't fit

ALGO on 22 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_ALGOUSD−0.0191%1h$840K$1.6M50xas long as short
Deribit ALGO_USDC-PERPETUAL0.0000%1h$102K$55K25xas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h$7K150xas long as short
Injective ALGO/USDC PERP+0.0033%1h$841$115K12xas long as short
Coinbase International ALGO-PERP-INTX+0.0048%1h$61K$395K50xas long as short
Bybit ALGOUSDTlong+0.0050%8h$11.5M$12.9M75x
Variational Omni ALGO+0.0093%8h$65K$104Kas long as short
Hyperliquid ALGO+0.0100%1h$3.7M$2.2M5xas long as short
Aster ALGOUSDT+0.0100%8h$44K$74K5xas long as short
Binance ALGOUSDT+0.0100%8h$10.4M$36.5M75xas long as short
Show all 22 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
OKX ALGO-USDT-SWAP+0.0100%8h$3.0M$8.7M50xas long as short
Gate ALGO_USDT+0.0100%8h$844K$901K50xas long as short
MEXC ALGO_USDT+0.0100%8h$22.3M$3.2M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h$3.6M$1.7M50xas long as short
Bitget ALGOUSDT+0.0100%8h$5.6M$3.9M75xas long as short
BingX ALGO-USDT+0.0100%8h$3.1Mas long as short
HTX ALGO-USDT+0.0100%8h$66K$108K75xas long as short
Phemex ALGOUSDTshort+0.0100%8h$3.9M$1.9M50x
Extended ALGO-USD+0.0104%1h$6K$207K10xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0156% / S −0.0080%1h$5K100xas long as short
BloFin ALGO-USDT+0.0220%8h$511K$773K75xas long as short
dYdX ALGO-USD+0.1982%1h$161K$6K5xas long as short