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: HTX against Phemex−0.197%7-day average −0.188% · you buy dearer than you sell
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1141.143% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 3 days (all we have)−0.076%−$8 · spread now −0.197%, 7d avg −0.188%
Together, before fees−0.076%−$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex ALGOUSDT0.11150.0100pay 0.0100% / 8h5h 48m$3.8M$1.8M50x
ShortHTX ALGO-USDT0.11130.0100get 0.0100% / 8h5h 48m$60K$141K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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: −0.197% → −0.188%
−$0.91
Slippage, 4 orders
−$90.32
Fee Phemex: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$115.24
Costs to cover
1.143%
Break-even
never at this rate
Slippage from Phemex: live order book, 5 min ago; HTX: 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 Phemex live order book, 5 min ago4.48 bp21.1 bp −$2165.6 bp −$656doesn't fitdoesn't fit
Sell HTX live order book, 12 min ago12.11 bp42.1 bp −$42doesn't fitdoesn'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−0.0199%1h0.1113−0.206%$101K$49K25xas long as short
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1113−0.161%$16K150xas long as short
Coinbase International ALGO-PERP-INTX+0.0032%1h0.1114−0.126%$70K$269K50xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+0.448%$834$233K12xas long as short
Variational Omni ALGO+0.0089%8h0.1116+0.052%$61K$12Kas long as short
Aster ALGOUSDT+0.0100%8h0.1115−0.025%$44K$41K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1114−0.082%$9.8M$34.4M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1114−0.090%$11.5M$12.2M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1114−0.081%$2.9M$7.6M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1114−0.090%$872K$847K50xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ALGO_USDT+0.0100%8h0.1114−0.126%$22.8M$3.0M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1114−0.099%$3.5M$1.4M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1114−0.090%$5.6M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1114−0.126%$3.3Mas long as short
HTX ALGO-USDTshort+0.0100%8h0.1113−0.197%$60K$141K75x
Phemex ALGOUSDTlong+0.0100%8h0.1115long leg$3.8M$1.8M50x
Extended ALGO-USD+0.0104%1h0.1114−0.108%$4K$229K10xas long as short
Hyperliquid ALGO+0.0123%1h0.1115+0.009%$3.7M$2.0M5xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0342% / S −0.0313%1h0.1113−0.156%$7K100xas long as short
Kraken Futures PF_ALGOUSD+0.0355%1h0.1113−0.164%$824K$1.1M50xas long as short
dYdX ALGO-USD+0.2192%1h0.1114−0.108%$161K$4K5xas long as short