data as of
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Funding arb /

ALGO

all ALGO markets
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Funding spread now, next payment 00:00 UTC+0.0150%/8h
next payment, per $10,000+$1.50paid, last 24h0.000%paid, last 3 days−0.036%to open and closeno order book
Long on BybitShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ALGOUSDT0.1120−0.0050get 0.0050% / 8h7h 55m$11.4M$13.6M75x
ShortVariational Omni ALGO0.11220.0100get 0.0100% / 8h7h 55m$65K$195K—

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$31.46
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$20.46
Break-even
2.4 days
Slippage unknown: Bybit: live order book, 4 min ago; Variational Omni: RFQ quote, 55 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.218%
Avg gap 7d
−0.014%
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 bp13.1 bp −$1341.0 bp −$410doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 55 min ago8.80 bpdoesn't fit44.0 bp −$440doesn't fitdoesn't fit

ALGO on 22 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_ALGOUSD−0.0503%1h$846K$1.8M50xas long as short
Bybit ALGOUSDTlong−0.0050%8h$11.4M$13.6M75x
Deribit ALGO_USDC-PERPETUAL−0.0016%1h$102K$56K25xas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h$7K—150xas long as short
Injective ALGO/USDC PERP+0.0033%1h$841$115K12xas long as short
Coinbase International ALGO-PERP-INTX+0.0064%1h$61K$437K50xas long as short
Hyperliquid ALGO+0.0100%1h$3.6M$2.6M5xas long as short
Aster ALGOUSDT+0.0100%8h$42K$87K5xas long as short
Binance ALGOUSDT+0.0100%8h$10.4M$38.6M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h$3.0M$9.5M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate ALGO_USDT+0.0100%8h$850K$931K50xas long as short
MEXC ALGO_USDT+0.0100%8h$22.3M$3.4M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h$3.7M$1.8M50xas long as short
Bitget ALGOUSDT+0.0100%8h$5.7M$4.2M75xas long as short
BingX ALGO-USDT+0.0100%8h—$3.2M—as long as short
Variational Omni ALGOshort+0.0100%8h$65K$195K—
HTX ALGO-USDT+0.0100%8h$67K$116K75xas long as short
Phemex ALGOUSDT+0.0100%8h$3.9M$1.9M50xas long as short
Extended ALGO-USD+0.0104%1h$7K$207K10xas long as short
BloFin ALGO-USDT+0.0220%8h$512K$764K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0238% / S −0.0167%1h$5K—100xas long as short
dYdX ALGO-USD+0.0629%1h$161K$6K5xas long as short