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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against KuCoin−0.054%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$171as in the Funding arb table
Net, price: spread back to 7d avg − costs−$188as in the Price arb table
costs, in and out, $10k−$1881.880% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.166%+$17 on $10k
Price spread, last 7 days−0.001%$0 · spread now −0.054%, 7d avg −0.053%
Together, before fees+0.165%+$17 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ALGOUSDTM0.11130.0100pay 0.0100% / 8h3h 49m$3.5M$1.5M50x
ShortBingX ALGO-USDT0.11130.0100get 0.0100% / 8h3h 49m$3.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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
Price spread: −0.054% → −0.053%
−$0.14
Slippage, 4 orders
−$166.04
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$188.18
Costs to cover
1.880%
Break-even
never at this rate
Slippage from KuCoin: live order book, 3 min ago; BingX: live order book, 11 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 KuCoin live order book, 3 min ago7.16 bp62.1 bp −$62189.3 bp −$1,893doesn't fitdoesn't fit
Sell BingX live order book, 11 min ago2.67 bp14.7 bp −$1530.8 bp −$308200.3 bp −$20.0K705.4 bp −$352.7K

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−0.0020%1h0.1112−0.081%$88K$44K25xas long as short
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1113−0.027%$16K150xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+0.602%$834$233K12xas long as short
Hyperliquid ALGO+0.0100%1h0.1114+0.072%$3.6M$2.0M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1113−0.001%$44K$36K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1113−0.065%$9.7M$34.3M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1111−0.225%$11.1M$12.4M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1112−0.153%$2.7M$7.8M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1112−0.099%$860K$900K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1113−0.054%$23.0M$3.1M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ALGOUSDTMlong+0.0100%8h0.1113long leg$3.5M$1.5M50x
Bitget ALGOUSDT+0.0100%8h0.1113−0.027%$5.5M$3.5M75xas long as short
BingX ALGO-USDTshort+0.0100%8h0.1113−0.054%$3.3M
Variational Omni ALGO+0.0100%8h0.1115+0.122%$61K$12Kas long as short
HTX ALGO-USDT+0.0100%8h0.1114+0.045%$60K$135K75xas long as short
Phemex ALGOUSDT+0.0103%8h0.1115+0.153%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1112−0.085%$4K$231K10xas long as short
Kraken Futures PF_ALGOUSD+0.0131%1h0.1113−0.019%$828K$1.0M50xas long as short
Coinbase International ALGO-PERP-INTX+0.0168%1h0.1117+0.296%$88K$284K50xas long as short
BloFin ALGO-USDT+0.0220%8h0.1113−0.027%$479K$870K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0318% / S −0.0264%1h0.1112−0.080%$6K100xas long as short
dYdX ALGO-USD+0.1203%1h0.1115+0.113%$161K$4K5xas long as short