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: Binance against BingX+0.027%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$570.572% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.077%−$8 on $10k
Price spread, last 7 days+0.020%+$2 · spread now +0.027%, 7d avg +0.031%
Together, before fees−0.056%−$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ALGO-USDT0.11080.0100pay 0.0100% / 8h4h 21m$3.3M
ShortBinance ALGOUSDT0.11090.0100get 0.0100% / 8h4h 21m$9.6M$34.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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: +0.027% → +0.031%
−$0.36
Slippage, 4 orders
−$37.19
Fee BingX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$57.55
Costs to cover
0.572%
Break-even
never at this rate
Slippage from BingX: live order book, 13 min ago; Binance: live order book, 5 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 BingX live order book, 13 min ago4.09 bp15.1 bp −$1535.8 bp −$358269.7 bp −$27.0K690.4 bp −$345.2K
Sell Binance live order book, 5 min ago2.25 bp12.8 bp −$1333.9 bp −$339doesn't fitdoesn't fit

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−0.0020%1h0.1110+0.108%$88K$44K25xas long as short
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1110+0.128%$16K150xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+1.047%$834$233K12xas long as short
Coinbase International ALGO-PERP-INTX+0.0080%1h0.1116+0.722%$88K$290K50xas long as short
Hyperliquid ALGO+0.0100%1h0.1110+0.171%$3.6M$2.0M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1109+0.089%$44K$38K5xas long as short
Binance ALGOUSDTshort+0.0100%8h0.1109+0.027%$9.6M$34.5M75x
Bybit ALGOUSDT+0.0100%8h0.1107−0.090%$11.1M$12.6M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1108−0.009%$2.8M$7.8M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1108−0.036%$861K$905K50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ALGO_USDT+0.0100%8h0.1109+0.036%$22.9M$3.1M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1109+0.027%$3.5M$1.5M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1108−0.036%$5.5M$3.5M75xas long as short
BingX ALGO-USDTlong+0.0100%8h0.1108long leg$3.3M
Variational Omni ALGO+0.0100%8h0.1109+0.022%$61K$12Kas long as short
HTX ALGO-USDT+0.0100%8h0.1110+0.126%$60K$136K75xas long as short
Extended ALGO-USD+0.0104%1h0.1108+0.008%$6K$231K10xas long as short
Phemex ALGOUSDT+0.0113%8h0.1112+0.325%$3.8M$1.8M50xas long as short
BloFin ALGO-USDT+0.0220%8h0.1109+0.099%$477K$875K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0318% / S −0.0264%1h0.1110+0.112%$6K100xas long as short
Kraken Futures PF_ALGOUSD+0.0378%1h0.1110+0.138%$820K$1.0M50xas long as short
dYdX ALGO-USD+0.0878%1h0.1109+0.040%$160K$4K5xas long as short