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+0.0324%/8h= +35.5% APRnext payment +$3.24 per $10,000 · paid last 24h +0.059%
Price spread now: BloFin against Variational Omni+0.308%56s7-day average · you sell dearer than you buy
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
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and BloFin is 0.308% dearer against Variational Omni than usual: you sell high and buy low: +$31 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ALGO0.1115−0.0108get 0.0108% / 8h7h 26m$61K$11K
ShortBloFin ALGO-USDT0.11190.0216get 0.0216% / 8h7h 26m$486K$768K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$68.04
Price spread: +0.308% → 0.000%
$30.79
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
$86.83
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; BloFin: live order book, 45 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 BloFin live order book, 45 min ago0.89 bp9.7 bp −$1021.3 bp −$213doesn't fitdoesn't fit
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 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
Kraken Futures PF_ALGOUSD−0.0566%1h0.1120+0.381%$831K$1.1M50xas long as short
Variational Omni ALGOlong−0.0108%8h0.1115long leg$61K$11K
Coinbase International ALGO-PERP-INTX−0.0104%1h0.1117+0.147%$70K$258K50xas long as short
Deribit ALGO_USDC-PERPETUAL0.0000%1h0.1118+0.209%$101K$50K25xas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h0.1117+0.153%$6K150xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+0.415%$834$233K12xas long as short
MEXC ALGO_USDT+0.0095%8h0.1119+0.335%$23.0M$3.0M200xas long as short
Binance ALGOUSDT+0.0096%8h0.1119+0.353%$9.9M$34.3M75xas long as short
Extended ALGO-USD+0.0096%1h0.1117+0.184%$4K$228K10xas long as short
Hyperliquid ALGO+0.0100%1h0.1119+0.308%$3.7M$1.8M5xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ALGOUSDT+0.0100%8h0.1117+0.182%$44K$38K5xas long as short
Bybit ALGOUSDT+0.0100%8h0.1118+0.263%$11.3M$11.8M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1119+0.290%$2.9M$7.5M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1117+0.155%$876K$819K50xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1119+0.371%$3.6M$1.4M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1119+0.326%$5.6M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1119+0.281%$3.3Mas long as short
HTX ALGO-USDT+0.0100%8h0.1119+0.335%$68K$110K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1120+0.415%$3.8M$1.8M50xas long as short
BloFin ALGO-USDTshort+0.0216%8h0.1119+0.308%$486K$768K75x
GMX ALGO/USD [WBTC.b-USDC]L +0.0341% / S −0.0351%1h0.1117+0.163%$7K100xas long as short
dYdX ALGO-USD+0.1336%1h0.1118+0.243%$160K$3K5xas long as short