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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against HTX−0.019%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$980.982% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.128%−$13 on $10k
Price spread, last 3 days (all we have)+0.049%+$5 · spread now −0.019%, 7d avg +0.014%
Together, before fees−0.078%+ Points / potential airdropExtended: Active · farm board−$8 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: Extended is 0.033% cheaper against HTX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ALGO-USDT0.11120.0100pay 0.0100% / 8h5h 53m$60K$140K75x
ShortExtended ALGO-USD0.11110.0104get 0.0013% / 1h53m 18s$4K$229K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: −0.019% → +0.014%
−$3.29
Slippage, 4 orders
−$81.2
Fee HTX: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$100.65
Costs to cover
0.982%
Break-even
845.7 days
Slippage from HTX: live order book, 8 min ago; Extended: live order book, 9 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, 8 min ago12.11 bp29.4 bp −$29doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 9 min ago0.76 bp12.9 bp −$13116.5 bp −$1,165doesn't fitdoesn't fit

ALGO on 21 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−0.0200%1h0.1111−0.081%$101K$49K25xas long as short
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1113+0.094%$17K150xas long as short
Coinbase International ALGO-PERP-INTX+0.0032%1h0.1114+0.171%$70K$281K50xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+0.747%$834$233K12xas long as short
Variational Omni ALGO+0.0076%8h0.1114+0.204%$60K$12Kas long as short
Aster ALGOUSDT+0.0100%8h0.1112+0.041%$44K$41K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1113+0.100%$9.8M$34.5M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1113+0.099%$11.4M$12.2M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1114+0.162%$2.9M$7.7M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1111−0.045%$870K$847K50xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ALGO_USDT+0.0100%8h0.1113+0.108%$22.7M$3.0M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.11120.000%$3.5M$1.5M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1113+0.117%$5.6M$3.6M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1113+0.099%$3.3Mas long as short
HTX ALGO-USDTlong+0.0100%8h0.1112long leg$60K$140K75x
Phemex ALGOUSDT+0.0100%8h0.1114+0.207%$3.8M$1.8M50xas long as short
Extended ALGO-USDshort+0.0104%1h0.1111−0.019%$4K$229K10x
Hyperliquid ALGO+0.0112%1h0.1114+0.207%$3.7M$2.0M5xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0342% / S −0.0313%1h0.1113+0.150%$7K100xas long as short
Kraken Futures PF_ALGOUSD+0.0355%1h0.1112+0.040%$824K$1.1M50xas long as short
dYdX ALGO-USD+0.1915%1h0.1111−0.030%$160K$4K5xas long as short