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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC+0.5003%/8hnext payment +$6.25 per $10,000 · paid last 24h +0.557%
Price spread now: dYdX against gTrade (Gains Network)−0.010%7-day average · you buy dearer than you sell
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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$150 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ALGO/USD0.1115L +0.0001% / S +0.0003%pay 0.0000% / 1h21m 56s$7K150x
ShortdYdX ALGO-USD0.11150.5003get 0.0625% / 1h21m 56s$160K$6K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against gTrade (Gains Network). 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
$1,050.61
Price spread: −0.010% → 0.000%
−$1.03
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
$1,029.59
Costs to cover
0.200%
Break-even
0.1 days
Slippage unknown: gTrade (Gains Network): no order-book sample; dYdX: live order book, 11 min ago. 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 gTrade (Gains Network) no order-book sample
Sell dYdX live order book, 11 min ago66.43 bp93.2 bp −$93223.3 bp −$2,233330.8 bp −$33.1K1168.8 bp −$584.4K
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−0.0199%1h0.1114−0.060%$101K$54K25xas long as short
Kraken Futures PF_ALGOUSD−0.0156%1h0.1115−0.010%$825K$1.3M50xas long as short
Bybit ALGOUSDT−0.0062%8h0.1113−0.177%$11.3M$12.4M75xas long as short
Variational Omni ALGO−0.0002%8h0.1108−0.626%$64K$11Kas long as short
gTrade (Gains Network) ALGO/USDlongL +0.0001% / S +0.0003%1h0.1115long leg$7K150x
Coinbase International ALGO-PERP-INTX+0.0008%1h0.1109−0.571%$62K$353K50xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1129+1.258%$841$81K12xas long as short
Hyperliquid ALGO+0.0100%1h0.1116+0.101%$3.7M$1.9M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1115+0.023%$44K$34K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1114−0.096%$10.0M$35.2M75xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ALGO-USDT-SWAP+0.0100%8h0.1113−0.141%$3.0M$7.9M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1114−0.114%$842K$801K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1114−0.105%$22.4M$3.0M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1114−0.051%$3.6M$1.6M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1114−0.087%$5.6M$3.7M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1114−0.123%$3.1Mas long as short
HTX ALGO-USDT+0.0100%8h0.1114−0.132%$66K$111K75xas long as short
Extended ALGO-USD+0.0104%1h0.1114−0.105%$7K$210K10xas long as short
Phemex ALGOUSDT+0.0129%8h0.1116+0.092%$3.8M$1.8M50xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0152% / S −0.0076%1h0.1115−0.041%$5K100xas long as short
BloFin ALGO-USDT+0.0220%8h0.1114−0.105%$490K$805K75xas long as short
dYdX ALGO-USDshort+0.5003%1h0.1115−0.010%$160K$6K5x