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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.1251%/8h= +136.9% APRnext payment +$1.56 per $10,000 · paid last 24h +0.573%
Price spread now: dYdX against gTrade (Gains Network)+0.007%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$38 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ALGO/USD0.1106L −0.0001% / S +0.0003%get 0.0000% / 1h6m 48s$16K150x
ShortdYdX ALGO-USD0.11060.1250get 0.0156% / 1h6m 48s$159K$4K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against gTrade (Gains Network). 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
$262.63
Price spread: +0.007% → 0.000%
$0.65
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
$243.29
Costs to cover
0.200%
Break-even
0.5 days
Slippage unknown: gTrade (Gains Network): no order-book sample; dYdX: live order book, 47 min ago. 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 gTrade (Gains Network) no order-book sample
Sell dYdX live order book, 47 min ago37.92 bp50.6 bp −$51212.3 bp −$2,123247.1 bp −$24.7K1270.4 bp −$635.2K
gTrade (Gains Network): 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
gTrade (Gains Network) ALGO/USDlongL −0.0001% / S +0.0003%1h0.1106long leg$16K150x
Deribit ALGO_USDC-PERPETUAL0.0000%1h0.1105−0.049%$87K$45K25xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+1.290%$834$233K12xas long as short
Hyperliquid ALGO+0.0100%1h0.1108+0.159%$3.6M$2.0M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1106−0.011%$44K$37K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1106+0.024%$9.6M$34.6M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1104−0.121%$11.1M$12.6M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1105−0.058%$2.7M$7.7M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1104−0.203%$851K$908K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1106−0.013%$23.0M$3.2M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ALGOUSDTM+0.0100%8h0.1106+0.005%$3.5M$1.4M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1105−0.067%$5.5M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1105−0.085%$3.3Mas long as short
Variational Omni ALGO+0.0100%8h0.1108+0.177%$61K$12Kas long as short
HTX ALGO-USDT+0.0100%8h0.1106+0.014%$60K$135K75xas long as short
Extended ALGO-USD+0.0104%1h0.1105−0.050%$4K$195K10xas long as short
Phemex ALGOUSDT+0.0116%8h0.1108+0.204%$3.7M$1.8M50xas long as short
Kraken Futures PF_ALGOUSD+0.0132%1h0.1106−0.014%$832K$1.1M50xas long as short
Coinbase International ALGO-PERP-INTX+0.0168%1h0.1105−0.031%$64K$302K50xas long as short
BloFin ALGO-USDT+0.0220%8h0.1105−0.022%$478K$888K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0318% / S −0.0264%1h0.1105−0.036%$6K100xas long as short
dYdX ALGO-USDshort+0.1250%1h0.1106+0.007%$159K$4K5x