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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0182%/8h= +20.0% APRnext payment +$1.82 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Variational Omni−0.281%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding pays, the price is against you. BingX is 0.281% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.281% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$28 on $10k: about 5.1 days of funding at the current rate (+$5 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ALGO0.1121−0.0082get 0.0082% / 8h2h 12m$65K$10K
ShortBingX ALGO-USDT0.11180.0100get 0.0100% / 8h2h 12m$3.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. 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
$38.31
Price spread: −0.281% → 0.000%
−$28.1
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee BingX: 5 bp × 2 orders
−$10
Net
$0.21
Costs to cover
0.100%
Break-even
7.0 days
Slippage unknown: Variational Omni: no order-book sample; BingX: live order book, 7 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample
Sell BingX live order book, 7 min ago3.57 bp14.0 bp −$1432.1 bp −$321188.8 bp −$18.9K705.5 bp −$352.8K
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0911%1h0.1118−0.219%$101K$50K25xas long as short
Injective ALGO/USDC PERP−0.0212%1h0.1115−0.513%$830$175K12xas long as short
Bybit ALGOUSDT−0.0120%8h0.1117−0.335%$11.2M$12.2M75xas long as short
Variational Omni ALGOlong−0.0082%8h0.1121long leg$65K$10K
Coinbase International ALGO-PERP-INTX−0.0064%1h0.1124+0.308%$62K$332K50xas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h0.1119−0.139%$6K150xas long as short
Kraken Futures PF_ALGOUSD+0.0093%1h0.1119−0.165%$839K$1.2M50xas long as short
Hyperliquid ALGO+0.0100%1h0.1120−0.103%$3.8M$1.9M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1119−0.143%$44K$31K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1118−0.281%$9.9M$34.8M75xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ALGO-USDT-SWAP+0.0100%8h0.1117−0.299%$3.0M$7.8M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1118−0.281%$857K$841K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1118−0.290%$23.0M$3.0M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1119−0.201%$3.6M$1.5M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1118−0.245%$5.6M$3.5M75xas long as short
BingX ALGO-USDTshort+0.0100%8h0.1118−0.281%$3.3M
HTX ALGO-USDT+0.0100%8h0.1118−0.245%$66K$109K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1121+0.022%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1117−0.300%$7K$210K10xas long as short
BloFin ALGO-USDT+0.0220%8h0.1119−0.111%$493K$795K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0237% / S −0.0158%1h0.1119−0.132%$5K100xas long as short
dYdX ALGO-USD+0.1332%1h0.1119−0.131%$160K$5K5xas long as short