Funding you earn now, next payment 06:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h −0.030%
Price spread now: Coinbase International against KuCoin+0.491%7-day average −0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$182as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1581.580% of the position
Funding, last 7 days−0.240%−$24 on $10k
+Price spread, last 4 days (all we have)−0.621%−$62 · spread now +0.491%, 7d avg −0.061%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.552% dearer against KuCoin than usual: you sell high and buy low: +$55 more if the spread goes back to its 7-day average of −0.061%. Mind the row above: over the last 7 days funding on this pair cost −0.240%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ALGOUSDTM | 0.1101 | 0.0100 | pay 0.0100% / 8h | 1h 57m | $3.5M | $1.4M | 50x |
| Short | Coinbase International ALGO-PERP-INTX | 0.1106 | 0.0136 | get 0.0017% / 1h | 57m 14s | $62K | $248K | 50x |
KuCoin ALGOUSDTM
Coinbase International ALGO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $7.56
- Price spread: +0.491% → −0.061%
- $55.16
- Slippage, 4 orders
- −$135.97
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$95.24
- Costs to cover
- 1.580%
- Break-even
- 95.2 days
Slippage from KuCoin: live order book, 10 min ago; Coinbase International: live order book, 51 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 | 4.53 bp | 47.6 bp −$48 | 200.9 bp −$2,009 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 51 min ago | 9.07 bp | 15.0 bp −$15 | 21.4 bp −$214 | 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 | −0.0275% | 1h | 0.1101 | +0.070% | $818K | $1.1M | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0204% | 1h | 0.1101 | +0.045% | $87K | $44K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1103 | +0.178% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.753% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1103 | +0.236% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1101 | +0.070% | $44K | $37K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1101 | +0.002% | $9.4M | $34.6M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1100 | −0.082% | $10.9M | $12.7M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1101 | −0.009% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1103 | +0.209% | $834K | $931K | 50x | as long as short |
Kraken Futures PF_ALGOUSD
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1101 | +0.018% | $23.0M | $3.1M | 200x | as long as short |
| KuCoin ALGOUSDTMlong | +0.0100% | 8h | 0.1101 | long leg | $3.5M | $1.4M | 50x | |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1101 | +0.027% | $5.4M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1101 | +0.018% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1102 | +0.122% | $60K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1104 | +0.336% | $60K | $135K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1103 | +0.209% | $3.7M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1101 | −0.010% | $4K | $201K | 10x | as long as short |
| Coinbase International ALGO-PERP-INTXshort | +0.0136% | 1h | 0.1106 | +0.491% | $62K | $248K | 50x | |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1104 | +0.282% | $469K | $877K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0318% / S −0.0264% | 1h | 0.1102 | +0.124% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.0876% | 1h | 0.1105 | +0.362% | $159K | $5K | 5x | as long as short |
MEXC ALGO_USDT
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD