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 Bitget−0.136%7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1101.099% 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)+0.026%+$3 · spread now −0.136%, 7d avg −0.052%
Together, before fees+0.036%+$4 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 0.084% cheaper against Bitget than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.052%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ALGOUSDT0.11000.0100pay 0.0100% / 8h1h 44m$5.4M$3.5M75x
ShortHTX ALGO-USDT0.10990.0100get 0.0100% / 8h1h 44m$59K$135K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$0
Price spread: −0.136% → −0.052%
−$8.45
Slippage, 4 orders
−$85.9
Fee Bitget: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$118.35
Costs to cover
1.099%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; HTX: live order book, 61 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 Bitget live order book, 3 min ago4.55 bp22.0 bp −$2241.1 bp −$411doesn't fitdoesn't fit
Sell HTX live order book, 61 min ago8.20 bp31.4 bp −$31doesn'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
Kraken Futures PF_ALGOUSD−0.0275%1h0.1101+0.123%$818K$1.1M50xas long as short
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1101+0.065%$16K150xas long as short
Deribit ALGO_USDC-PERPETUAL0.0000%1h0.1101+0.109%$87K$45K25xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+1.818%$834$233K12xas long as short
Hyperliquid ALGO+0.0100%1h0.1102+0.163%$3.3M$2.3M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1100+0.012%$44K$36K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1101+0.053%$9.4M$34.5M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1099−0.091%$10.9M$12.7M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1100−0.018%$2.7M$7.8M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1099−0.109%$831K$943K50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ALGO_USDT+0.0100%8h0.1101+0.055%$23.0M$3.2M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1100+0.009%$3.4M$1.4M50xas long as short
Bitget ALGOUSDTlong+0.0100%8h0.1100long leg$5.4M$3.5M75x
BingX ALGO-USDT+0.0100%8h0.1101+0.109%$3.4Mas long as short
Variational Omni ALGO+0.0100%8h0.1096−0.327%$60K$12Kas long as short
HTX ALGO-USDTshort+0.0100%8h0.1099−0.136%$59K$135K75x
Phemex ALGOUSDT+0.0100%8h0.1103+0.273%$3.7M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1100+0.038%$4K$198K10xas long as short
Coinbase International ALGO-PERP-INTX+0.0136%1h0.1106+0.555%$62K$248K50xas long as short
BloFin ALGO-USDT+0.0220%8h0.1099−0.136%$469K$866K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0317% / S −0.0264%1h0.1101+0.111%$6K100xas long as short
dYdX ALGO-USD+0.0831%1h0.1099−0.108%$158K$5K5xas long as short