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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0164%/8h= +17.9% APRpaid last 24h +0.030%
Price spread now: GMX against Bitget+0.129%7-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 feesneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and GMX is 0.129% dearer against Bitget than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ALGOUSDT0.10900.0100pay 0.0100% / 8h2h 31m$5.4M$3.6M75x
ShortGMX ALGO/USD [WBTC.b-USDC]0.1091L +0.0317% / S −0.0264%get 0.0033% / 1h31m 37s$6K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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
$34.37
Price spread: +0.129% → 0.000%
$12.94
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee GMX: 6 bp × 2 orders
−$12
Net
$23.31
Costs to cover
0.240%
Break-even
2.3 days
Slippage unknown: Bitget: live order book, 2 min ago; GMX: 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 Bitget live order book, 2 min ago4.59 bp18.5 bp −$1941.1 bp −$411doesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: 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−0.0483%1h0.1091+0.055%$86K$44K25xas long as short
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1092+0.158%$16K150xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+2.752%$834$233K12xas long as short
Hyperliquid ALGO+0.0100%1h0.1091+0.101%$3.4M$2.3M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1091+0.128%$43K$37K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1091+0.064%$9.4M$34.9M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1090+0.028%$10.9M$12.7M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1091+0.092%$2.7M$7.8M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1089−0.073%$833K$926K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1090+0.037%$22.6M$3.2M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ALGOUSDTM+0.0100%8h0.1091+0.064%$3.4M$1.5M50xas long as short
Bitget ALGOUSDTlong+0.0100%8h0.1090long leg$5.4M$3.6M75x
BingX ALGO-USDT+0.0100%8h0.1091+0.083%$3.3Mas long as short
Variational Omni ALGO+0.0100%8h0.1094+0.384%$60K$12Kas long as short
HTX ALGO-USDT+0.0100%8h0.1091+0.073%$59K$135K75xas long as short
Extended ALGO-USD+0.0104%1h0.1090+0.030%$4K$190K10xas long as short
Kraken Futures PF_ALGOUSD+0.0113%1h0.1091+0.077%$820K$1.1M50xas long as short
Coinbase International ALGO-PERP-INTX+0.0144%1h0.1093+0.257%$62K$289K50xas long as short
Phemex ALGOUSDT+0.0161%8h0.1094+0.367%$3.7M$1.8M50xas long as short
BloFin ALGO-USDT+0.0220%8h0.1088−0.193%$471K$864K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]shortL +0.0317% / S −0.0264%1h0.1091+0.129%$6K100x
dYdX ALGO-USD+0.1973%1h0.1091+0.105%$157K$5K5xas long as short