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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: KuCoin against Extended+0.052%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$178as in the Funding arb table
Net, price: spread back to 7d avg − costs−$174as in the Price arb table
costs, in and out, $10k−$1741.737% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.044%−$4 on $10k
Price spread, last 4 days (all we have)−0.085%−$9 · spread now +0.052%, 7d avg +0.053%
Together, before fees−0.130%+ Points / potential airdropExtended: Active · farm board−$13 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ALGO-USD0.11180.0104pay 0.0013% / 1h10m 47s$7K$210K10x
ShortKuCoin ALGOUSDTM0.11190.0100get 0.0100% / 8h2h 10m$3.6M$1.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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
−$0.84
Price spread: +0.052% → +0.053%
−$0.11
Slippage, 4 orders
−$156.75
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$174.7
Costs to cover
1.737%
Break-even
never at this rate
Slippage from Extended: live order book, 11 min ago; KuCoin: live order book, 7 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 Extended live order book, 11 min ago1.38 bp12.9 bp −$13113.9 bp −$1,139doesn't fitdoesn't fit
Sell KuCoin live order book, 7 min ago5.79 bp99.1 bp −$99250.8 bp −$2,508doesn'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
Deribit ALGO_USDC-PERPETUAL−0.0733%1h0.1118+0.043%$101K$50K25xas long as short
Injective ALGO/USDC PERP−0.0212%1h0.1115−0.261%$830$175K12xas long as short
Bybit ALGOUSDT−0.0121%8h0.1117−0.073%$11.2M$12.2M75xas long as short
Variational Omni ALGO−0.0082%8h0.1121+0.253%$65K$10Kas long as short
Coinbase International ALGO-PERP-INTX−0.0064%1h0.1118+0.016%$61K$331K50xas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h0.1119+0.107%$6K150xas long as short
Kraken Futures PF_ALGOUSD+0.0093%1h0.1119+0.097%$839K$1.2M50xas long as short
Hyperliquid ALGO+0.0100%1h0.1120+0.159%$3.7M$1.9M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1120+0.172%$44K$31K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1118−0.006%$9.9M$34.8M75xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ALGO-USDT-SWAP+0.0100%8h0.1117−0.100%$3.0M$7.8M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1117−0.047%$856K$842K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1118−0.011%$23.0M$3.0M200xas long as short
KuCoin ALGOUSDTMshort+0.0100%8h0.1119+0.052%$3.6M$1.5M50x
Bitget ALGOUSDT+0.0100%8h0.1118+0.007%$5.6M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1118−0.029%$3.3Mas long as short
HTX ALGO-USDT+0.0100%8h0.1118+0.016%$66K$109K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1120+0.186%$3.8M$1.8M50xas long as short
Extended ALGO-USDlong+0.0104%1h0.1118long leg$7K$210K10x
BloFin ALGO-USDT+0.0220%8h0.1118+0.007%$493K$794K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0237% / S −0.0158%1h0.1119+0.115%$5K100xas long as short
dYdX ALGO-USD+0.1328%1h0.1119+0.122%$160K$5K5xas long as short