Funding arb · Price arb /

ALGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0101%/8h= +11.1% APRpaid last 24h +0.030%

Price spread now: Gate against gTrade (Gains Network)−0.156%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Gate

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

Funding pays, the price is against you. Gate is 0.156% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.156% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 5.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ALGO/USD	0.1105	L −0.0001% / S +0.0003%	get 0.0000% / 1h	6m 14s	$16K	—	150x
Short	Gate ALGO_USDT	0.1104	0.0100	get 0.0100% / 8h	2h 06m	$834K	$933K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee GatebpOrdersPrice spread, now −0.156%Rate

Funding earned: $21.19
Price spread: −0.156% → 0.000%: −$15.56
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$19.37
Costs to cover: 0.250%
Break-even: 13.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Gate: live order book, 41 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Gate live order book, 41 min ago	9.56 bp	43.9 bp −$44	344.8 bp −$3,448	doesn't fit	doesn't fit

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
Deribit ALGO_USDC-PERPETUAL	−0.0383%	1h	0.1105	−0.002%	$87K	$44K	25x	as long as short
gTrade (Gains Network) ALGO/USDlong	L −0.0001% / S +0.0003%	1h	0.1105	long leg	$16K	—	150x
Injective ALGO/USDC PERP	+0.0033%	1h	0.1120	+1.337%	$834	$233K	12x	as long as short
Hyperliquid ALGO	+0.0100%	1h	0.1107	+0.170%	$3.4M	$2.3M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	0.1105	−0.011%	$44K	$37K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	0.1105	+0.018%	$9.4M	$34.6M	75x	as long as short
Bybit ALGOUSDT	+0.0100%	8h	0.1105	−0.065%	$11.0M	$12.6M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1105	+0.007%	$2.7M	$7.8M	50x	as long as short
Gate ALGO_USDTshort	+0.0100%	8h	0.1104	−0.156%	$834K	$933K	50x
MEXC ALGO_USDT	+0.0100%	8h	0.1105	−0.056%	$23.0M	$3.2M	200x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ALGOUSDTM	+0.0100%	8h	0.1105	−0.020%	$3.4M	$1.5M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1105	−0.020%	$5.5M	$3.6M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1105	−0.047%	—	$3.3M	—	as long as short
Variational Omni ALGO	+0.0100%	8h	0.1103	−0.178%	$60K	$12K	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1105	−0.002%	$60K	$135K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	0.1108	+0.252%	$3.7M	$1.8M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	0.1105	−0.014%	$7K	$196K	10x	as long as short
Kraken Futures PF_ALGOUSD	+0.0112%	1h	0.1106	+0.032%	$821K	$1.1M	50x	as long as short
Coinbase International ALGO-PERP-INTX	+0.0144%	1h	0.1106	+0.080%	$62K	$248K	50x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	0.1104	−0.083%	$465K	$878K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0318% / S −0.0264%	1h	0.1105	+0.005%	$6K	—	100x	as long as short
dYdX ALGO-USD	+0.1294%	1h	0.1105	−0.034%	$159K	$5K	5x	as long as short