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

ALGO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: HTX against Hyperliquid+0.248%7-day average −0.136% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$970.971% 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)−0.311%−$31 · spread now +0.248%, 7d avg −0.136%
Together, before fees−0.237%+ Points / potential airdropHyperliquid: Season 2 · farm board−$24 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: HTX is 0.384% dearer against Hyperliquid than usual: you sell high and buy low, +$38 on $10k if it goes back to its 7-day average of −0.136%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ALGO0.10880.0100pay 0.0013% / 1h27m 09s$3.4M$2.3M5x
ShortHTX ALGO-USDT0.10910.0100get 0.0100% / 8h2h 27m$59K$135K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Hyperliquid. 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% → −0.136%
$38.4
Slippage, 4 orders
−$76.1
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee HTX: 6 bp × 2 orders
−$12
Net
−$58.7
Costs to cover
0.971%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; HTX: live order book, 19 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 Hyperliquid live order book, 4 min ago0.46 bp22.4 bp −$22doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 19 min ago8.20 bp31.4 bp −$31doesn'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
Deribit ALGO_USDC-PERPETUAL−0.0302%1h0.1087−0.074%$86K$44K25xas long as short
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.10880.000%$16K150xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+2.951%$834$233K12xas long as short
Hyperliquid ALGOlong+0.0100%1h0.1088long leg$3.4M$2.3M5x
Aster ALGOUSDT+0.0100%8h0.1088+0.025%$43K$37K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1087−0.095%$9.3M$35.0M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1085−0.230%$10.8M$12.7M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1086−0.138%$2.7M$7.7M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1088+0.009%$832K$926K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1087−0.074%$22.5M$3.2M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ALGOUSDTM+0.0100%8h0.1087−0.083%$3.4M$1.5M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1087−0.083%$5.4M$3.6M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1087−0.064%$3.3Mas long as short
Variational Omni ALGO+0.0100%8h0.1090+0.164%$60K$12Kas long as short
HTX ALGO-USDTshort+0.0100%8h0.1091+0.248%$59K$135K75x
Extended ALGO-USD+0.0104%1h0.1087−0.063%$7K$196K10xas long as short
Kraken Futures PF_ALGOUSD+0.0114%1h0.1088−0.026%$817K$1.1M50xas long as short
Coinbase International ALGO-PERP-INTX+0.0144%1h0.1093+0.450%$62K$289K50xas long as short
Phemex ALGOUSDT+0.0145%8h0.1089+0.101%$3.7M$1.8M50xas long as short
BloFin ALGO-USDT+0.0220%8h0.10880.000%$468K$864K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0316% / S −0.0264%1h0.1088+0.029%$6K100xas long as short
dYdX ALGO-USD+0.1727%1h0.1090+0.198%$157K$5K5xas long as short