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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0188%/8h= −20.6% APRnext payment $1.88 per $10,000 · paid last 24h 0.000%
Price spread now: Variational Omni against BingX−0.053%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
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Variational Omni is 0.053% cheaper against BingX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ALGO-USDT0.11190.0100pay 0.0100% / 8h1h 25m$3.3M
ShortVariational Omni ALGO0.1118−0.0088pay 0.0088% / 8h1h 25m$65K$10K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
−$39.47
Price spread: −0.053% → 0.000%
−$5.27
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$54.74
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 9 min ago; Variational Omni: no order-book sample. 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 BingX live order book, 9 min ago2.68 bp13.3 bp −$1327.6 bp −$276158.2 bp −$15.8K671.0 bp −$335.5K
Sell Variational Omni no order-book sample
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
Deribit ALGO_USDC-PERPETUAL−0.0642%1h0.1120+0.107%$101K$50K25xas long as short
Injective ALGO/USDC PERP−0.0295%1h0.1120+0.125%$834$233K12xas long as short
Kraken Futures PF_ALGOUSD−0.0288%1h0.1120+0.114%$835K$1.2M50xas long as short
Bybit ALGOUSDT−0.0104%8h0.1118−0.027%$11.3M$12.3M75xas long as short
Variational Omni ALGOshort−0.0088%8h0.1118−0.053%$65K$10K
Coinbase International ALGO-PERP-INTX−0.0056%1h0.1121+0.179%$62K$332K50xas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h0.1120+0.162%$6K150xas long as short
Hyperliquid ALGO+0.0100%1h0.1121+0.188%$3.7M$1.9M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1120+0.112%$44K$36K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1119+0.041%$9.8M$34.9M75xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ALGO-USDT-SWAP+0.0100%8h0.1119−0.009%$3.0M$7.7M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1120+0.143%$889K$853K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1119+0.054%$23.3M$2.8M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1120+0.143%$3.6M$1.5M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1120+0.125%$5.6M$3.6M75xas long as short
BingX ALGO-USDTlong+0.0100%8h0.1119long leg$3.3M
HTX ALGO-USDT+0.0100%8h0.1119+0.027%$66K$109K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1121+0.215%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1119+0.022%$7K$210K10xas long as short
BloFin ALGO-USDT+0.0220%8h0.1119+0.027%$488K$792K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0255% / S −0.0188%1h0.1120+0.161%$5K100xas long as short
dYdX ALGO-USD+0.1506%1h0.1120+0.123%$161K$3K5xas long as short