Funding arb · Price arb /

ALGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: KuCoin against gTrade (Gains Network)−0.026%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on KuCoin

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. KuCoin is 0.026% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 21 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ALGO/USD	0.1125	L +0.0001% / S +0.0003%	pay 0.0000% / 1h	19m 03s	$6K	—	150x
Short	KuCoin ALGOUSDTM	0.1124	0.0100	get 0.0100% / 8h	19m 03s	$3.6M	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against gTrade (Gains Network). 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

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee KuCoinbpOrdersPrice spread, now −0.026%Rate

Funding earned: $20.88
Price spread: −0.026% → 0.000%: −$2.58
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$3.69
Costs to cover: 0.220%
Break-even: 8.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 3 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 3 min ago	4.89 bp	74.0 bp −$74	215.4 bp −$2,154	doesn't fit	doesn't fit

gTrade (Gains Network): 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ALGO_USDC-PERPETUAL	−0.0550%	1h	0.1124	−0.106%	$102K	$50K	25x	as long as short
Kraken Futures PF_ALGOUSD	−0.0157%	1h	0.1124	−0.084%	$836K	$1.1M	50x	as long as short
Bybit ALGOUSDT	−0.0140%	8h	0.1122	−0.239%	$11.2M	$12.0M	75x	as long as short
Variational Omni ALGO	−0.0114%	8h	0.1124	−0.075%	$62K	$12K	—	as long as short
Coinbase International ALGO-PERP-INTX	−0.0112%	1h	0.1130	+0.463%	$62K	$302K	50x	as long as short
gTrade (Gains Network) ALGO/USDlong	L +0.0001% / S +0.0003%	1h	0.1125	long leg	$6K	—	150x
Injective ALGO/USDC PERP	+0.0026%	1h	0.1120	−0.426%	$834	$233K	12x	as long as short
Hyperliquid ALGO	+0.0100%	1h	0.1125	−0.008%	$3.8M	$1.9M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	0.1124	−0.106%	$44K	$35K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	0.1123	−0.139%	$10.0M	$34.2M	75x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1123	−0.186%	$3.0M	$7.6M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	0.1124	−0.115%	$887K	$835K	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	0.1123	−0.124%	$23.0M	$2.9M	200x	as long as short
KuCoin ALGOUSDTMshort	+0.0100%	8h	0.1124	−0.026%	$3.6M	$1.4M	50x
Bitget ALGOUSDT	+0.0100%	8h	0.1125	+0.019%	$5.7M	$3.5M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1123	−0.132%	—	$3.3M	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1123	−0.150%	$66K	$107K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	0.1126	+0.108%	$3.8M	$1.8M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	0.1123	−0.143%	$7K	$210K	10x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	0.1123	−0.141%	$493K	$796K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0326% / S −0.0321%	1h	0.1124	−0.040%	$7K	—	100x	as long as short
dYdX ALGO-USD	+0.1325%	1h	0.1126	+0.111%	$161K	$3K	5x	as long as short