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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against HTX−0.053%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$970.974% 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 3 days (all we have)+0.119%+$12 · spread now −0.053%, 7d avg +0.017%
Together, before fees+0.110%+$11 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: BingX is 0.071% cheaper against HTX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ALGO-USDT0.11230.0100pay 0.0100% / 8h25m 46s$66K$107K75x
ShortBingX ALGO-USDT0.11220.0100get 0.0100% / 8h25m 46s$3.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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: −0.053% → +0.017%
−$7.05
Slippage, 4 orders
−$75.38
Fee HTX: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$104.43
Costs to cover
0.974%
Break-even
never at this rate
Slippage from HTX: live order book, 50 min ago; BingX: live order book, 9 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, 50 min ago10.27 bp52.3 bp −$52doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 9 min ago3.55 bp14.6 bp −$1536.2 bp −$362175.3 bp −$17.5K732.8 bp −$366.4K

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−0.0729%1h0.1123−0.036%$102K$50K25xas long as short
Kraken Futures PF_ALGOUSD−0.0158%1h0.1123−0.027%$835K$1.1M50xas long as short
Bybit ALGOUSDT−0.0130%8h0.1122−0.116%$11.2M$12.0M75xas long as short
Coinbase International ALGO-PERP-INTX−0.0112%1h0.1130+0.632%$62K$303K50xas long as short
Variational Omni ALGO−0.0109%8h0.1123−0.034%$62K$13Kas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h0.1124+0.089%$6K150xas long as short
Injective ALGO/USDC PERP+0.0026%1h0.1120−0.258%$834$233K12xas long as short
Hyperliquid ALGO+0.0100%1h0.1124+0.125%$3.8M$1.9M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1122−0.085%$44K$35K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1122−0.104%$10.0M$34.3M75xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ALGO-USDT-SWAP+0.0100%8h0.1122−0.098%$3.0M$7.6M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1124+0.098%$887K$835K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1122−0.062%$23.0M$2.9M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.11230.000%$3.6M$1.4M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1124+0.098%$5.7M$3.5M75xas long as short
BingX ALGO-USDTshort+0.0100%8h0.1122−0.053%$3.3M
HTX ALGO-USDTlong+0.0100%8h0.1123long leg$66K$107K75x
Phemex ALGOUSDT+0.0100%8h0.1126+0.276%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1122−0.089%$7K$210K10xas long as short
BloFin ALGO-USDT+0.0220%8h0.1125+0.187%$495K$791K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0323% / S −0.0315%1h0.1123+0.042%$7K100xas long as short
dYdX ALGO-USD+0.1351%1h0.1124+0.082%$161K$3K5xas long as short