Funding you earn now, next payment 16:00 UTC−0.0095%/8h= −10.4% APRnext payment −$0.95 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against HTX+0.074%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$820.823% of the position
Funding, last 7 days−0.134%−$13 on $10k
+Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.074%, 7d avg −0.018%
=The price spread pays, funding is against you. OKX is 0.092% dearer against HTX than usual: you sell high and buy low (spread +0.074% now, against its 7-day average of −0.018%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX ALGO-USDT | 0.1082 | 0.0100 | pay 0.0100% / 8h | 5h 05m | $56K | $121K | 75x |
| Short | OKX ALGO-USDT-SWAP | 0.1083 | 0.0005 | get 0.0005% / 8h | 5h 05m | $2.6M | $7.8M | 50x |
HTX ALGO-USDT
OKX ALGO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against HTX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$19.92
- Price spread: +0.074% → −0.018%
- $9.17
- Slippage, 4 orders
- −$60.3
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$93.04
- Costs to cover
- 0.823%
- Break-even
- never at this rate
Slippage from HTX: live order book, 39 min ago; OKX: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy HTX live order book, 39 min ago | 8.20 bp | 25.2 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.46 bp | 17.1 bp −$17 | 56.8 bp −$568 | doesn't fit | doesn't fit |
ALGO on 22 exchanges
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALGOUSD | −0.0318% | 1h | 0.1081 | −0.117% | $790K | $1.1M | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0212% | 1h | 0.1081 | −0.129% | $85K | $41K | 25x | as long as short |
| Bybit ALGOUSDT | −0.0194% | 8h | 0.1082 | −0.055% | $10.4M | $13.4M | 75x | as long as short |
| Variational Omni ALGO | −0.0008% | 8h | 0.1080 | −0.211% | $58K | $13K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1081 | −0.125% | $16K | — | 150x | as long as short |
| OKX ALGO-USDT-SWAPshort | +0.0005% | 8h | 0.1083 | +0.074% | $2.6M | $7.8M | 50x | |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +3.464% | $834 | $233K | 12x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0088% | 1h | 0.1093 | +0.952% | $62K | $173K | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1085 | +0.249% | $3.3M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1083 | +0.073% | $43K | $38K | 5x | as long as short |
Kraken Futures PF_ALGOUSD
Deribit ALGO_USDC-PERPETUAL
Bybit ALGOUSDT
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Coinbase International ALGO-PERP-INTX
Hyperliquid ALGO
Aster ALGOUSDTShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ALGOUSDT | +0.0100% | 8h | 0.1083 | +0.074% | $9.2M | $33.7M | 75x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1082 | 0.000% | $824K | $896K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1083 | +0.074% | $23.2M | $3.3M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1084 | +0.111% | $3.3M | $1.3M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1083 | +0.046% | $5.3M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1083 | +0.018% | — | $3.3M | — | as long as short |
| HTX ALGO-USDTlong | +0.0100% | 8h | 0.1082 | long leg | $56K | $121K | 75x | |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1083 | +0.046% | $3.6M | $1.7M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1083 | +0.027% | $8K | $179K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1082 | −0.018% | $470K | $839K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0314% / S −0.0264% | 1h | 0.1082 | −0.042% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1207% | 1h | 0.1084 | +0.153% | $157K | $5K | 5x | as long as short |
Binance ALGOUSDT
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD