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: Bitget against KuCoin−0.045%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs−$197as in the Price arb table
costs, in and out, $10k−$1971.967% 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+0.049%+$5 · spread now −0.045%, 7d avg −0.040%
Together, before fees+0.214%+$21 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ALGOUSDTM0.11100.0100pay 0.0100% / 8h4h 26m$3.5M$1.5M50x
ShortBitget ALGOUSDT0.11100.0100get 0.0100% / 8h4h 26m$5.5M$3.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: −0.045% → −0.040%
−$0.51
Slippage, 4 orders
−$172.69
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$197.2
Costs to cover
1.967%
Break-even
never at this rate
Slippage from KuCoin: live order book, 6 min ago; Bitget: live order book, 2 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, 6 min ago6.32 bp87.7 bp −$88214.7 bp −$2,147doesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago4.51 bp24.0 bp −$2445.0 bp −$450doesn'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−0.0020%1h0.1110−0.054%$88K$44K25xas long as short
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1110−0.069%$16K150xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+0.855%$834$233K12xas long as short
Coinbase International ALGO-PERP-INTX+0.0080%1h0.1116+0.531%$88K$290K50xas long as short
Hyperliquid ALGO+0.0100%1h0.1111+0.036%$3.6M$2.1M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1110−0.033%$44K$38K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1110−0.009%$9.6M$34.6M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1109−0.099%$11.1M$12.6M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1111+0.018%$2.8M$7.8M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1110−0.045%$863K$905K50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ALGO_USDT+0.0100%8h0.1110−0.018%$23.0M$3.1M200xas long as short
KuCoin ALGOUSDTMlong+0.0100%8h0.1110long leg$3.5M$1.5M50x
Bitget ALGOUSDTshort+0.0100%8h0.1110−0.045%$5.5M$3.6M75x
BingX ALGO-USDT+0.0100%8h0.1109−0.117%$3.3Mas long as short
Variational Omni ALGO+0.0100%8h0.1109−0.175%$61K$12Kas long as short
HTX ALGO-USDT+0.0100%8h0.1110−0.072%$60K$136K75xas long as short
Extended ALGO-USD+0.0104%1h0.1110−0.080%$6K$231K10xas long as short
Phemex ALGOUSDT+0.0127%8h0.1112+0.135%$3.8M$1.8M50xas long as short
BloFin ALGO-USDT+0.0220%8h0.1110−0.045%$476K$875K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0318% / S −0.0264%1h0.1110−0.068%$6K100xas long as short
Kraken Futures PF_ALGOUSD+0.0378%1h0.1111+0.021%$821K$1.0M50xas long as short
dYdX ALGO-USD+0.0940%1h0.1111+0.026%$160K$4K5xas long as short