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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0953%/8h= +104.4% APRpaid last 24h +0.509%
Price spread now: dYdX against HTX+0.174%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs+$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1491.494% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+1.546%+$155 on $10k
Price spread, last 4 days (all we have)−0.120%−$12 · spread now +0.174%, 7d avg +0.071%
Together, before fees+1.426%+$143 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and dYdX is 0.104% dearer against HTX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.071%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ALGO-USDT0.11140.0100pay 0.0100% / 8h13m 42s$58K$137K75x
ShortdYdX ALGO-USD0.11160.1053get 0.0132% / 1h13m 42s$161K$5K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
$200.17
Price spread: +0.174% → +0.071%
$10.36
Slippage, 4 orders
−$127.38
Fee HTX: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
$61.14
Costs to cover
1.494%
Break-even
4.9 days
Slippage from HTX: live order book, 23 min ago; dYdX: live order book, 25 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, 23 min ago9.00 bp36.3 bp −$36doesn't fitdoesn't fitdoesn't fit
Sell dYdX live order book, 25 min ago24.15 bp46.5 bp −$46163.9 bp −$1,639240.4 bp −$24.0K920.5 bp −$460.2K

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−0.0264%1h0.1116+0.158%$831K$1.1M50xas long as short
Deribit ALGO_USDC-PERPETUAL−0.0198%1h0.1115+0.081%$88K$46K25xas long as short
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1115+0.072%$16K150xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+0.539%$834$233K12xas long as short
Hyperliquid ALGO+0.0100%1h0.1117+0.260%$3.4M$2.3M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1117+0.230%$44K$37K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1116+0.176%$9.5M$34.5M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1116+0.144%$11.3M$13.0M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1115+0.126%$2.7M$7.8M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1114+0.018%$839K$955K50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ALGO_USDT+0.0100%8h0.1115+0.135%$23.5M$3.2M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1115+0.063%$3.5M$1.4M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1116+0.180%$5.5M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1115+0.108%$3.4Mas long as short
Variational Omni ALGO+0.0100%8h0.1112−0.208%$61K$12Kas long as short
HTX ALGO-USDTlong+0.0100%8h0.1114long leg$58K$137K75x
Phemex ALGOUSDT+0.0100%8h0.1116+0.180%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1115+0.116%$4K$195K10xas long as short
Coinbase International ALGO-PERP-INTX+0.0144%1h0.1114+0.045%$63K$194K50xas long as short
BloFin ALGO-USDT+0.0220%8h0.1113−0.117%$476K$835K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0319% / S −0.0264%1h0.1113−0.054%$6K100xas long as short
dYdX ALGO-USDshort+0.1053%1h0.1116+0.174%$161K$5K5x