Funding you earn now, next payment 16:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against KuCoin+0.100%95s7-day average −0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1311.313% of the position
Funding, last 7 days+0.324%+$32 on $10k
+Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.100%, 7d avg −0.040%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.139% dearer against KuCoin than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.040%. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ALGOUSDTM | 0.1103 | 0.0100 | pay 0.0100% / 8h | 5h 55m | $3.4M | $1.4M | 50x |
| Short | BloFin ALGO-USDT | 0.1104 | 0.0220 | get 0.0220% / 8h | 5h 55m | $471K | $813K | 75x |
KuCoin ALGOUSDTM
BloFin ALGO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $25.2
- Price spread: +0.100% → −0.040%
- $13.95
- Slippage, 4 orders
- −$107.28
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$92.13
- Costs to cover
- 1.313%
- Break-even
- 32.6 days
Slippage from KuCoin: live order book, 5 min ago; BloFin: live order book, 54 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, 5 min ago | 6.34 bp | 36.9 bp −$37 | 196.7 bp −$1,967 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 54 min ago | 0.91 bp | 10.3 bp −$10 | 22.2 bp −$222 | doesn't fit | doesn't fit |
ALGO on 22 exchanges
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 | −0.0311% | 1h | 0.1103 | +0.037% | $811K | $1.1M | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0294% | 1h | 0.1102 | −0.027% | $87K | $42K | 25x | as long as short |
| Bybit ALGOUSDT | −0.0264% | 8h | 0.1101 | −0.145% | $10.6M | $13.3M | 75x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1104 | +0.111% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.578% | $834 | $233K | 12x | as long as short |
| Variational Omni ALGO | +0.0037% | 8h | 0.1101 | −0.152% | $59K | $13K | — | as long as short |
| OKX ALGO-USDT-SWAP | +0.0057% | 8h | 0.1101 | −0.118% | $2.6M | $7.8M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0088% | 1h | 0.1105 | +0.254% | $63K | $176K | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1103 | +0.063% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1103 | +0.058% | $44K | $37K | 5x | as long as short |
Kraken Futures PF_ALGOUSD
Deribit ALGO_USDC-PERPETUAL
Bybit ALGOUSDT
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Variational Omni ALGO
OKX ALGO-USDT-SWAP
Coinbase International ALGO-PERP-INTX
Hyperliquid ALGO
Aster ALGOUSDTShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ALGOUSDT | +0.0100% | 8h | 0.1102 | −0.032% | $9.3M | $33.8M | 75x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1103 | +0.009% | $831K | $879K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1102 | −0.036% | $23.6M | $3.2M | 200x | as long as short |
| KuCoin ALGOUSDTMlong | +0.0100% | 8h | 0.1103 | long leg | $3.4M | $1.4M | 50x | |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1103 | +0.036% | $5.4M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1102 | −0.063% | — | $3.4M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1102 | −0.027% | $57K | $129K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1104 | +0.127% | $3.7M | $1.7M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1102 | −0.056% | $4K | $179K | 10x | as long as short |
| dYdX ALGO-USD | +0.0148% | 1h | 0.1105 | +0.176% | $160K | $5K | 5x | as long as short |
| BloFin ALGO-USDTshort | +0.0220% | 8h | 0.1104 | +0.100% | $471K | $813K | 75x | |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0321% / S −0.0273% | 1h | 0.1103 | +0.053% | $6K | — | 100x | as long as short |
Binance ALGOUSDT
Gate ALGO_USDT
MEXC ALGO_USDT
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
dYdX ALGO-USD
GMX ALGO/USD [WBTC.b-USDC]