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 BingX+0.163%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$930.925% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.010%+$1 on $10k
Price spread, last 4 days (all we have)−0.236%−$24 · spread now +0.163%, 7d avg −0.015%
Together, before fees−0.226%−$23 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: HTX is 0.178% dearer against BingX than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ALGO-USDT0.11070.0100pay 0.0100% / 8h1h 19m$3.4M
ShortHTX ALGO-USDT0.11090.0100get 0.0100% / 8h1h 19m$60K$135K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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: +0.163% → −0.015%
$17.78
Slippage, 4 orders
−$70.52
Fee BingX: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$74.74
Costs to cover
0.925%
Break-even
never at this rate
Slippage from BingX: live order book, 11 min ago; HTX: live order book, 22 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, 11 min ago3.63 bp14.9 bp −$1531.5 bp −$315313.9 bp −$31.4K719.2 bp −$359.6K
Sell HTX live order book, 22 min ago6.35 bp35.4 bp −$35doesn't fitdoesn'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−0.0291%1h0.1108+0.063%$87K$45K25xas long as short
Kraken Futures PF_ALGOUSD−0.0273%1h0.1108+0.086%$823K$1.1M50xas long as short
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1108+0.058%$16K150xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+1.165%$834$233K12xas long as short
Hyperliquid ALGO+0.0100%1h0.1109+0.172%$3.4M$2.3M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1108+0.088%$44K$36K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1108+0.043%$9.4M$34.5M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1107+0.027%$10.9M$12.8M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1107−0.045%$2.7M$7.8M50xas long as short
Gate ALGO_USDT+0.0100%8h0.11070.000%$836K$944K50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ALGO_USDT+0.0100%8h0.1107+0.027%$23.1M$3.2M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1108+0.045%$3.5M$1.4M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1109+0.172%$5.5M$3.5M75xas long as short
BingX ALGO-USDTlong+0.0100%8h0.1107long leg$3.4M
Variational Omni ALGO+0.0100%8h0.1106−0.076%$60K$12Kas long as short
HTX ALGO-USDTshort+0.0100%8h0.1109+0.163%$60K$135K75x
Phemex ALGOUSDT+0.0100%8h0.1110+0.262%$3.7M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1107+0.030%$4K$199K10xas long as short
Coinbase International ALGO-PERP-INTX+0.0136%1h0.1109+0.217%$63K$195K50xas long as short
BloFin ALGO-USDT+0.0220%8h0.1108+0.108%$471K$875K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0318% / S −0.0264%1h0.1108+0.098%$6K100xas long as short
dYdX ALGO-USD+0.0893%1h0.1109+0.162%$160K$5K5xas long as short