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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.33 per $10,000 · paid last 24h +0.023%
Price spread now: BingX against Variational Omni−0.567%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding pays, the price is against you. BingX is 0.567% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.567% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$57 on $10k: about 58 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ALGO0.11130.0067pay 0.0067% / 8h5h 57m$61K$12K
ShortBingX ALGO-USDT0.11070.0100get 0.0100% / 8h5h 57m$3.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. 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
$6.83
Price spread: −0.567% → 0.000%
−$56.66
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee BingX: 5 bp × 2 orders
−$10
Net
−$59.83
Costs to cover
0.100%
Break-even
68.3 days
Slippage unknown: Variational Omni: no order-book sample; BingX: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample
Sell BingX live order book, 8 min ago6.27 bp19.6 bp −$2038.4 bp −$384194.0 bp −$19.4K664.1 bp −$332.0K
Variational Omni: 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 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−0.0202%1h0.1106−0.585%$100K$49K25xas long as short
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1107−0.524%$16K150xas long as short
Coinbase International ALGO-PERP-INTX+0.0032%1h0.1120+0.646%$71K$283K50xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+0.637%$834$233K12xas long as short
Variational Omni ALGOlong+0.0067%8h0.1113long leg$61K$12K
Hyperliquid ALGO+0.0100%1h0.1109−0.378%$3.7M$2.0M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1107−0.509%$44K$41K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1107−0.549%$9.7M$34.6M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1106−0.585%$11.4M$12.2M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1107−0.531%$2.9M$7.6M50xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ALGO_USDT+0.0100%8h0.1105−0.701%$865K$847K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1107−0.558%$22.6M$3.0M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1107−0.504%$3.5M$1.5M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1107−0.531%$5.5M$3.5M75xas long as short
BingX ALGO-USDTshort+0.0100%8h0.1107−0.567%$3.3M
HTX ALGO-USDT+0.0100%8h0.1109−0.333%$60K$140K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1111−0.171%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1106−0.599%$4K$232K10xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0341% / S −0.0313%1h0.1106−0.579%$7K100xas long as short
Kraken Futures PF_ALGOUSD+0.0356%1h0.1109−0.339%$821K$1.1M50xas long as short
dYdX ALGO-USD+0.1965%1h0.1107−0.488%$160K$4K5xas long as short