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: Binance against HTX−0.454%7-day average +0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$910.911% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.086%−$9 on $10k
Price spread, last 4 days (all we have)+0.548%+$55 · spread now −0.454%, 7d avg +0.049%
Together, before fees+0.462%+$46 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: Binance is 0.503% cheaper against HTX than usual: you would sell low and buy high, −$50 on $10k if it goes back to its 7-day average of +0.049%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ALGO-USDT0.10930.0100pay 0.0100% / 8h2h 33m$59K$135K75x
ShortBinance ALGOUSDT0.10880.0100get 0.0100% / 8h2h 33m$9.4M$34.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against HTX. 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: −0.454% → +0.049%
−$50.31
Slippage, 4 orders
−$69.12
Fee HTX: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$141.44
Costs to cover
0.911%
Break-even
never at this rate
Slippage from HTX: live order book, 13 min ago; Binance: live order book, 8 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 HTX live order book, 13 min ago8.20 bp34.7 bp −$35doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 8 min ago0.46 bp12.2 bp −$1229.9 bp −$299doesn'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−0.0391%1h0.1092−0.146%$86K$44K25xas long as short
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1089−0.410%$16K150xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+2.452%$834$233K12xas long as short
Hyperliquid ALGO+0.0100%1h0.1088−0.494%$3.4M$2.2M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1090−0.335%$43K$37K5xas long as short
Binance ALGOUSDTshort+0.0100%8h0.1088−0.454%$9.4M$34.9M75x
Bybit ALGOUSDT+0.0100%8h0.1088−0.503%$10.9M$12.7M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1088−0.512%$2.7M$7.7M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1089−0.412%$833K$925K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1088−0.448%$22.6M$3.2M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ALGOUSDTM+0.0100%8h0.1088−0.457%$3.4M$1.5M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1088−0.476%$5.4M$3.6M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1088−0.485%$3.3Mas long as short
Variational Omni ALGO+0.0100%8h0.1094+0.090%$60K$12Kas long as short
HTX ALGO-USDTlong+0.0100%8h0.1093long leg$59K$135K75x
Extended ALGO-USD+0.0104%1h0.1089−0.384%$4K$195K10xas long as short
Kraken Futures PF_ALGOUSD+0.0113%1h0.1092−0.083%$822K$1.1M50xas long as short
Coinbase International ALGO-PERP-INTX+0.0144%1h0.1106+1.171%$63K$287K50xas long as short
Phemex ALGOUSDT+0.0152%8h0.1095+0.165%$3.7M$1.8M50xas long as short
BloFin ALGO-USDT+0.0220%8h0.1098+0.393%$475K$870K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0316% / S −0.0264%1h0.1088−0.439%$6K100xas long as short
dYdX ALGO-USD+0.2101%1h0.1090−0.313%$157K$5K5xas long as short