Funding you earn now, next payment 11:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.401%
Price spread now: KuCoin against dYdX−0.049%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$546as in the Funding arb table
Net, price: spread back to 7d avg − costs−$378as in the Price arb table
costs, in and out, $10k−$3743.739% of the position
Funding, last 7 days−1.722%−$172 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.049%, 7d avg −0.007%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.042% cheaper against dYdX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.007%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX ALGO-USD | 0.1105 | 0.0148 | pay 0.0019% / 1h | 56m 58s | $160K | $5K | 5x |
| Short | KuCoin ALGOUSDTM | 0.1104 | 0.0100 | get 0.0100% / 8h | 5h 56m | $3.4M | $1.4M | 50x |
dYdX ALGO-USD
KuCoin ALGOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against dYdX. 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
- −$10.08
- Price spread: −0.049% → −0.007%
- −$4.24
- Slippage, 4 orders
- −$351.9
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$388.22
- Costs to cover
- 3.739%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 55 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 dYdX live order book, 55 min ago | 5.38 bp | 80.9 bp −$81 | 107.1 bp −$1,071 | 178.6 bp −$17.9K | 1337.2 bp −$668.6K |
| Sell KuCoin live order book, 3 min ago | 6.34 bp | 70.9 bp −$71 | 207.0 bp −$2,070 | 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 | −0.0384% | 1h | 0.1103 | −0.140% | $87K | $42K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0311% | 1h | 0.1103 | −0.112% | $811K | $1.1M | 50x | as long as short |
| Bybit ALGOUSDT | −0.0264% | 8h | 0.1102 | −0.267% | $10.6M | $13.3M | 75x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1104 | −0.066% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.399% | $834 | $233K | 12x | as long as short |
| Variational Omni ALGO | +0.0046% | 8h | 0.1101 | −0.286% | $59K | $13K | — | as long as short |
| OKX ALGO-USDT-SWAP | +0.0067% | 8h | 0.1102 | −0.203% | $2.6M | $7.8M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0088% | 1h | 0.1105 | +0.077% | $63K | $176K | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1104 | −0.061% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1104 | −0.067% | $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 | 0.1103 | −0.167% | $9.3M | $33.8M | 75x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1103 | −0.167% | $831K | $879K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1103 | −0.158% | $23.6M | $3.2M | 200x | as long as short |
| KuCoin ALGOUSDTMshort | +0.0100% | 8h | 0.1104 | −0.049% | $3.4M | $1.4M | 50x | |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1103 | −0.140% | $5.4M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1102 | −0.194% | — | $3.4M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1103 | −0.113% | $57K | $129K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1105 | +0.041% | $3.7M | $1.7M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1102 | −0.189% | $4K | $179K | 10x | as long as short |
| dYdX ALGO-USDlong | +0.0148% | 1h | 0.1105 | long leg | $160K | $5K | 5x | |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1104 | −0.077% | $471K | $813K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0321% / S −0.0273% | 1h | 0.1104 | −0.089% | $6K | — | 100x | 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
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]