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: HTX against OKX−0.027%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$900.899% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.134%+$13 on $10k
Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.027%, 7d avg +0.016%
Together, before fees+0.120%+$12 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 0.043% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ALGO-USDT-SWAP0.11150.0100pay 0.0100% / 8h3h 43m$2.8M$7.8M50x
ShortHTX ALGO-USDT0.11150.0100get 0.0100% / 8h3h 43m$60K$135K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against OKX. 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: −0.027% → +0.016%
−$4.29
Slippage, 4 orders
−$67.9
Fee OKX: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$94.18
Costs to cover
0.899%
Break-even
never at this rate
Slippage from OKX: live order book, 4 min ago; HTX: live order book, 8 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 OKX live order book, 4 min ago1.80 bp15.3 bp −$1557.2 bp −$572doesn't fitdoesn't fit
Sell HTX live order book, 8 min ago0.90 bp37.8 bp −$38doesn'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%1h0.1116+0.038%$16K150xas long as short
Deribit ALGO_USDC-PERPETUAL0.0000%1h0.1115+0.018%$88K$44K25xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+0.421%$834$233K12xas long as short
Hyperliquid ALGO+0.0100%1h0.1117+0.152%$3.6M$2.0M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1115+0.014%$44K$36K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1115−0.006%$9.7M$34.3M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1114−0.117%$11.2M$12.4M75xas long as short
OKX ALGO-USDT-SWAPlong+0.0100%8h0.1115long leg$2.8M$7.8M50x
Gate ALGO_USDT+0.0100%8h0.1114−0.090%$862K$901K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1115−0.009%$23.1M$3.1M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ALGOUSDTM+0.0100%8h0.1116+0.036%$3.5M$1.5M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1115−0.027%$5.5M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1114−0.081%$3.3Mas long as short
Variational Omni ALGO+0.0100%8h0.1112−0.264%$61K$12Kas long as short
HTX ALGO-USDTshort+0.0100%8h0.1115−0.027%$60K$135K75x
Phemex ALGOUSDT+0.0100%8h0.1118+0.242%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1115−0.038%$7K$234K10xas long as short
Kraken Futures PF_ALGOUSD+0.0131%1h0.1116+0.074%$830K$1.0M50xas long as short
Coinbase International ALGO-PERP-INTX+0.0168%1h0.1115−0.045%$87K$283K50xas long as short
BloFin ALGO-USDT+0.0220%8h0.1113−0.197%$481K$872K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0319% / S −0.0264%1h0.1115+0.007%$6K100xas long as short
dYdX ALGO-USD+0.1306%1h0.1116+0.036%$161K$4K5xas long as short