Funding you earn now, next payment 08:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.14 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against KuCoin+0.038%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1601.604% of the position
Funding, last 7 days+0.089%+$9 on $10k
+Price spread, last 7 days−0.010%−$1 · spread now +0.038%, 7d avg −0.021%
=The price spread pays, funding is against you. Binance is 0.058% dearer against KuCoin than usual: you sell high and buy low (spread +0.038% now, against its 7-day average of −0.021%): +$6 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 14 days. Mind the row above: over the last 7 days funding on this pair paid +0.089%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ALGOUSDTM | 0.1111 | 0.0100 | pay 0.0100% / 8h | 7h 37m | $3.6M | $1.4M | 50x |
| Short | Binance ALGOUSDT | 0.1112 | 0.0086 | get 0.0086% / 8h | 7h 37m | $9.8M | $33.9M | 75x |
KuCoin ALGOUSDTM
Binance ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- −$2.85
- Price spread: +0.038% → −0.021%
- $5.84
- Slippage, 4 orders
- −$138.45
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$157.46
- Costs to cover
- 1.604%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 10 min ago; Binance: live order book, 5 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 KuCoin live order book, 10 min ago | 5.37 bp | 51.1 bp −$51 | 244.4 bp −$2,444 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 0.45 bp | 11.5 bp −$12 | 31.3 bp −$313 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALGOUSD | −0.0570% | 1h | 0.1112 | +0.054% | $828K | $1.1M | 50x | as long as short |
| Variational Omni ALGO | −0.0134% | 8h | 0.1113 | +0.178% | $61K | $11K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0104% | 1h | 0.1110 | −0.090% | $66K | $271K | 50x | as long as short |
| Bybit ALGOUSDT | −0.0060% | 8h | 0.1110 | −0.081% | $11.2M | $11.8M | 75x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0020% | 1h | 0.1111 | −0.027% | $101K | $50K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1111 | −0.011% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.783% | $834 | $233K | 12x | as long as short |
| MEXC ALGO_USDT | +0.0085% | 8h | 0.1112 | +0.036% | $22.8M | $2.9M | 200x | as long as short |
| Binance ALGOUSDTshort | +0.0086% | 8h | 0.1112 | +0.038% | $9.8M | $33.9M | 75x | |
| Extended ALGO-USD | +0.0088% | 1h | 0.1111 | +0.007% | $4K | $270K | 10x | as long as short |
Kraken Futures PF_ALGOUSD
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
Bybit ALGOUSDT
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
MEXC ALGO_USDT
Extended ALGO-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ALGO | +0.0100% | 1h | 0.1113 | +0.153% | $3.7M | $1.8M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1111 | −0.004% | $44K | $38K | 5x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1111 | −0.036% | $2.9M | $7.4M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1110 | −0.081% | $873K | $815K | 50x | as long as short |
| KuCoin ALGOUSDTMlong | +0.0100% | 8h | 0.1111 | long leg | $3.6M | $1.4M | 50x | |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1112 | +0.063% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1111 | −0.054% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1110 | −0.108% | $66K | $104K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0164% | 8h | 0.1114 | +0.243% | $3.8M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0206% | 8h | 0.1110 | −0.072% | $488K | $770K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0340% / S −0.0351% | 1h | 0.1111 | +0.003% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1133% | 1h | 0.1112 | +0.044% | $159K | $3K | 5x | as long as short |
Hyperliquid ALGO
Aster ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD