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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against HTX−0.162%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$900.902% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.010%−$1 on $10k
Price spread, last 4 days (all we have)+0.168%+$17 · spread now −0.162%, 7d avg +0.016%
Together, before fees+0.159%+$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.179% cheaper against HTX than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ALGO-USDT0.11100.0100pay 0.0100% / 8h3h 22m$60K$135K75x
ShortBingX ALGO-USDT0.11080.0100get 0.0100% / 8h3h 22m$3.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against HTX. 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
$0
Price spread: −0.162% → +0.016%
−$17.87
Slippage, 4 orders
−$68.17
Fee HTX: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$108.04
Costs to cover
0.902%
Break-even
never at this rate
Slippage from HTX: live order book, 28 min ago; BingX: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 28 min ago0.90 bp19.4 bp −$19doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 12 min ago3.58 bp16.0 bp −$1634.1 bp −$341167.0 bp −$16.7K698.6 bp −$349.3K

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−0.0201%1h0.1109−0.063%$88K$45K25xas long as short
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1110−0.017%$16K150xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+0.910%$834$233K12xas long as short
Hyperliquid ALGO+0.0100%1h0.11100.000%$3.6M$2.0M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1109−0.056%$44K$36K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1108−0.150%$9.7M$34.4M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1107−0.234%$11.1M$12.5M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1108−0.189%$2.7M$7.8M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1108−0.162%$854K$906K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1108−0.135%$23.0M$3.1M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ALGOUSDTM+0.0100%8h0.1108−0.144%$3.5M$1.4M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1108−0.171%$5.5M$3.5M75xas long as short
BingX ALGO-USDTshort+0.0100%8h0.1108−0.162%$3.3M
Variational Omni ALGO+0.0100%8h0.1111+0.139%$61K$12Kas long as short
HTX ALGO-USDTlong+0.0100%8h0.1110long leg$60K$135K75x
Phemex ALGOUSDT+0.0100%8h0.1111+0.099%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1109−0.094%$4K$235K10xas long as short
Kraken Futures PF_ALGOUSD+0.0132%1h0.1110−0.031%$838K$1.1M50xas long as short
Coinbase International ALGO-PERP-INTX+0.0168%1h0.1118+0.748%$65K$306K50xas long as short
BloFin ALGO-USDT+0.0220%8h0.1109−0.126%$479K$869K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0318% / S −0.0264%1h0.1110−0.026%$6K100xas long as short
dYdX ALGO-USD+0.1158%1h0.1109−0.081%$160K$4K5xas long as short