Funding you earn now, next payment 16:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: KuCoin against BloFin−0.091%7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1271.274% of the position
Funding, last 7 days−0.324%−$32 on $10k
+Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.091%, 7d avg +0.040%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.131% cheaper against BloFin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.040%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ALGO-USDT | 0.1101 | 0.0220 | pay 0.0220% / 8h | 5h 52m | $471K | $810K | 75x |
| Short | KuCoin ALGOUSDTM | 0.1100 | 0.0100 | get 0.0100% / 8h | 5h 52m | $3.4M | $1.4M | 50x |
BloFin ALGO-USDT
KuCoin ALGOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$25.2
- Price spread: −0.091% → +0.040%
- −$13.05
- Slippage, 4 orders
- −$103.4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$165.65
- Costs to cover
- 1.274%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 57 min ago; KuCoin: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BloFin live order book, 57 min ago | 0.91 bp | 13.2 bp −$13 | 29.2 bp −$292 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 6.80 bp | 77.7 bp −$78 | 231.4 bp −$2,314 | doesn't fit | doesn't fit |
ALGO on 22 exchanges
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALGO_USDC-PERPETUAL | −0.0476% | 1h | 0.1101 | −0.018% | $87K | $42K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0312% | 1h | 0.1101 | +0.034% | $809K | $1.1M | 50x | as long as short |
| Bybit ALGOUSDT | −0.0298% | 8h | 0.1098 | −0.263% | $10.6M | $13.3M | 75x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1102 | +0.069% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.735% | $834 | $233K | 12x | as long as short |
| Variational Omni ALGO | +0.0037% | 8h | 0.1101 | +0.002% | $59K | $13K | — | as long as short |
| OKX ALGO-USDT-SWAP | +0.0039% | 8h | 0.1099 | −0.191% | $2.6M | $7.8M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0088% | 1h | 0.1105 | +0.409% | $63K | $176K | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1100 | −0.061% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1100 | −0.038% | $44K | $37K | 5x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDT
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Variational Omni ALGO
OKX ALGO-USDT-SWAP
Coinbase International ALGO-PERP-INTX
Hyperliquid ALGO
Aster ALGOUSDTShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ALGOUSDT | +0.0100% | 8h | 0.1099 | −0.182% | $9.2M | $33.8M | 75x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1101 | −0.027% | $829K | $880K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1099 | −0.200% | $23.5M | $3.2M | 200x | as long as short |
| KuCoin ALGOUSDTMshort | +0.0100% | 8h | 0.1100 | −0.091% | $3.4M | $1.4M | 50x | |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1100 | −0.082% | $5.4M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1099 | −0.164% | — | $3.4M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1100 | −0.036% | $57K | $129K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1103 | +0.191% | $3.7M | $1.7M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1098 | −0.233% | $4K | $179K | 10x | as long as short |
| BloFin ALGO-USDTlong | +0.0220% | 8h | 0.1101 | long leg | $471K | $810K | 75x | |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0321% / S −0.0273% | 1h | 0.1101 | +0.039% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1153% | 1h | 0.1100 | −0.085% | $159K | $5K | 5x | as long as short |
Binance ALGOUSDT
Gate ALGO_USDT
MEXC ALGO_USDT
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD