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: KuCoin against BingX+0.116%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$174as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1571.575% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.166%−$17 on $10k
Price spread, last 7 days−0.069%−$7 · spread now +0.116%, 7d avg +0.052%
Together, before fees−0.235%−$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: KuCoin is 0.064% dearer against BingX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.052%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ALGO-USDT0.11170.0100pay 0.0100% / 8h3h 53m$3.3M
ShortKuCoin ALGOUSDTM0.11180.0100get 0.0100% / 8h3h 53m$3.5M$1.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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: +0.116% → +0.052%
$6.45
Slippage, 4 orders
−$135.47
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$151.02
Costs to cover
1.575%
Break-even
never at this rate
Slippage from BingX: live order book, 7 min ago; KuCoin: live order book, 4 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 BingX live order book, 7 min ago2.67 bp12.6 bp −$1325.9 bp −$259244.7 bp −$24.5K620.5 bp −$310.3K
Sell KuCoin live order book, 4 min ago6.70 bp75.8 bp −$76182.1 bp −$1,821doesn'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%1h0.1117+0.045%$16K150xas long as short
Deribit ALGO_USDC-PERPETUAL0.0000%1h0.1117+0.054%$89K$44K25xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+0.304%$834$233K12xas long as short
Hyperliquid ALGO+0.0100%1h0.1119+0.170%$3.6M$2.0M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1117+0.007%$44K$35K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1117+0.064%$9.7M$34.3M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1116−0.018%$11.2M$12.5M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1117+0.054%$2.8M$7.8M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1115−0.143%$863K$900K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1118+0.081%$23.1M$3.1M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ALGOUSDTMshort+0.0100%8h0.1118+0.116%$3.5M$1.5M50x
Bitget ALGOUSDT+0.0100%8h0.1117+0.036%$5.5M$3.5M75xas long as short
BingX ALGO-USDTlong+0.0100%8h0.1117long leg$3.3M
Variational Omni ALGO+0.0100%8h0.1115−0.179%$61K$12Kas long as short
HTX ALGO-USDT+0.0100%8h0.1117+0.036%$60K$136K75xas long as short
Extended ALGO-USD+0.0104%1h0.1117+0.037%$4K$231K10xas long as short
Phemex ALGOUSDT+0.0113%8h0.1120+0.304%$3.8M$1.8M50xas long as short
Kraken Futures PF_ALGOUSD+0.0131%1h0.1118+0.128%$830K$1.0M50xas long as short
Coinbase International ALGO-PERP-INTX+0.0168%1h0.11170.000%$88K$284K50xas long as short
BloFin ALGO-USDT+0.0220%8h0.1116−0.018%$478K$876K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0319% / S −0.0264%1h0.1117+0.061%$6K100xas long as short
dYdX ALGO-USD+0.1334%1h0.1115−0.118%$161K$4K5xas long as short