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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against HTX+0.248%48s7-day average +0.135% · you sell dearer than you buy
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1021.019% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.074%−$7 on $10k
Price spread, last 4 days (all we have)−0.304%−$30 · spread now +0.248%, 7d avg +0.135%
Together, before fees−0.379%+ Points / potential airdropHyperliquid: Season 2 · farm board−$38 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: Hyperliquid is 0.113% dearer against HTX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.135%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ALGO-USDT0.11290.0100pay 0.0100% / 8h5h 35m$60K$140K75x
ShortHyperliquid ALGO0.11320.0100get 0.0013% / 1h35m 19s$3.8M$2.0M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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: +0.248% → +0.135%
$11.29
Slippage, 4 orders
−$80.88
Fee HTX: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$90.59
Costs to cover
1.019%
Break-even
never at this rate
Slippage from HTX: live order book, 26 min ago; Hyperliquid: live order book, 6 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, 26 min ago12.11 bp29.4 bp −$29doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 6 min ago3.11 bp19.4 bp −$19doesn'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
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1130+0.026%$17K150xas long as short
Deribit ALGO_USDC-PERPETUAL0.0000%1h0.1130+0.071%$90K$45K25xas long as short
Coinbase International ALGO-PERP-INTX+0.0032%1h0.1130+0.044%$71K$273K50xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120−0.832%$834$233K12xas long as short
Hyperliquid ALGOshort+0.0100%1h0.1132+0.248%$3.8M$2.0M5x
Aster ALGOUSDT+0.0100%8h0.1130+0.026%$45K$40K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1130+0.052%$9.9M$34.5M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1130+0.044%$11.8M$12.4M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1130+0.089%$2.9M$7.8M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1129+0.009%$883K$851K50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ALGO_USDT+0.0100%8h0.1130+0.053%$23.0M$3.0M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1130+0.044%$3.6M$1.5M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1130+0.053%$5.6M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1130+0.053%$3.3Mas long as short
Variational Omni ALGO+0.0100%8h0.1130+0.034%$62K$12Kas long as short
HTX ALGO-USDTlong+0.0100%8h0.1129long leg$60K$140K75x
Phemex ALGOUSDT+0.0100%8h0.1131+0.142%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1129−0.034%$4K$229K10xas long as short
BloFin ALGO-USDT+0.0220%8h0.1126−0.336%$489K$889K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0344% / S −0.0313%1h0.1130+0.070%$7K100xas long as short
Kraken Futures PF_ALGOUSD+0.0349%1h0.1130+0.075%$836K$1.1M50xas long as short
dYdX ALGO-USD+0.2302%1h0.1130+0.029%$163K$4K5xas long as short