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

ALGO

all ALGO markets
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Funding spread now, next payment 15:00 UTC+0.0001%/8h
next payment, per $10,000+$0.00paid, last 24h+0.342%paid, last 3 days+1.226%to open and closeno order book
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ALGO/USD [WBTC.b-USDC]0.1137L +0.0239% / S −0.0167%pay 0.0030% / 1h37m 31s$5K100x
ShortdYdX ALGO-USD0.11360.0240get 0.0030% / 1h37m 31s$163K$6K5x

Funding history

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Funding on every exchange

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Profit calculator

Funding earned
$0.19
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$21.81
Break-even
825.2 days
Slippage unknown: GMX: no order-book sample; dYdX: live order book, 18 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.089%
Avg gap 7d
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 GMX no order-book sample
Sell dYdX live order book, 18 min ago110.04 bp115.0 bp −$115211.8 bp −$2,118315.6 bp −$31.6K575.7 bp −$287.8K
GMX: 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.
ExchangeFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_ALGOUSD−0.1334%1h$868K$1.9M50xas long as short
Deribit ALGO_USDC-PERPETUAL−0.0190%1h$103K$60K25xas long as short
Injective ALGO/USDC PERP−0.0120%1h$859$100K12xas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h$7K150xas long as short
Coinbase International ALGO-PERP-INTX+0.0016%1h$69K$506K50xas long as short
Hyperliquid ALGO+0.0100%1h$3.9M$2.9M5xas long as short
Aster ALGOUSDT+0.0100%8h$43K$93K5xas long as short
Binance ALGOUSDT+0.0100%8h$10.5M$42.5M75xas long as short
Bybit ALGOUSDT+0.0100%8h$11.8M$14.3M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h$3.1M$11.2M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate ALGO_USDT+0.0100%8h$859K$1.2M50xas long as short
MEXC ALGO_USDT+0.0100%8h$22.1M$4.2M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h$3.7M$1.8M50xas long as short
Bitget ALGOUSDT+0.0100%8h$5.7M$4.5M75xas long as short
BingX ALGO-USDT+0.0100%8h$3.3Mas long as short
Variational Omni ALGO+0.0100%8h$62K$193Kas long as short
HTX ALGO-USDT+0.0100%8h$67K$131K75xas long as short
Phemex ALGOUSDT+0.0100%8h$4.0M$2.1M50xas long as short
Extended ALGO-USD+0.0104%1h$13K$248K10xas long as short
BloFin ALGO-USDT+0.0220%8h$526K$747K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]longL +0.0239% / S −0.0167%1h$5K100x
dYdX ALGO-USDshort+0.0240%1h$163K$6K5x