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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against MEXC−0.009%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$440.442% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.077%+$8 on $10k
Price spread, last 7 days−0.035%−$3 · spread now −0.009%, 7d avg −0.032%
Together, before fees+0.042%+$4 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 0.023% dearer against MEXC than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.032%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ALGO_USDT0.11300.0100pay 0.0100% / 8h5h 29m$23.1M$3.0M200x
ShortBingX ALGO-USDT0.11300.0100get 0.0100% / 8h5h 29m$3.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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: −0.009% → −0.032%
$2.33
Slippage, 4 orders
−$34.23
Fee MEXC: 0 bp × 2 orders
$0
Fee BingX: 5 bp × 2 orders
−$10
Net
−$41.9
Costs to cover
0.442%
Break-even
never at this rate
Slippage from MEXC: live order book, 5 min ago; BingX: 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 MEXC live order book, 5 min ago0.44 bp4.5 bp −$433.9 bp −$339497.3 bp −$49.7Kdoesn't fit
Sell BingX live order book, 6 min ago3.54 bp16.6 bp −$1745.3 bp −$453224.2 bp −$22.4K724.5 bp −$362.2K

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
Deribit ALGO_USDC-PERPETUAL−0.0104%1h0.1130+0.009%$90K$51K25xas long as short
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1131+0.053%$17K150xas long as short
Coinbase International ALGO-PERP-INTX+0.0032%1h0.1131+0.088%$70K$275K50xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120−0.920%$834$233K12xas long as short
Hyperliquid ALGO+0.0100%1h0.1132+0.142%$3.8M$2.0M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1131+0.066%$45K$40K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1130−0.068%$9.9M$34.6M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1130−0.071%$11.8M$12.4M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1130−0.035%$2.9M$7.8M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1130−0.035%$887K$870K50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ALGO_USDTlong+0.0100%8h0.1130long leg$23.1M$3.0M200x
KuCoin ALGOUSDTM+0.0100%8h0.1131+0.088%$3.6M$1.5M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1130−0.035%$5.6M$3.5M75xas long as short
BingX ALGO-USDTshort+0.0100%8h0.1130−0.009%$3.3M
Variational Omni ALGO+0.0100%8h0.1132+0.148%$62K$12Kas long as short
HTX ALGO-USDT+0.0100%8h0.1131+0.080%$61K$140K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1132+0.142%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1131+0.057%$4K$230K10xas long as short
BloFin ALGO-USDT+0.0220%8h0.1132+0.097%$490K$920K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0344% / S −0.0313%1h0.1131+0.042%$7K100xas long as short
Kraken Futures PF_ALGOUSD+0.0349%1h0.1130−0.006%$836K$1.1M50xas long as short
dYdX ALGO-USD+0.2408%1h0.1132+0.097%$163K$4K5xas long as short