Funding you earn now, next payment 00:00 UTC−0.0650%/8h= −71.2% APRpaid last 24h −0.130%
Price spread now: Deribit against KuCoin−0.080%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$237as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1331.325% of the position
Funding, last 7 days−1.042%−$104 on $10k
+Price spread, last 3 days (all we have)+0.078%+$8 · spread now −0.080%, 7d avg −0.036%
=Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Deribit is 0.044% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.036%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ALGOUSDTM | 0.1125 | 0.0100 | pay 0.0100% / 8h | 27m 07s | $3.6M | $1.5M | 50x |
| Short | Deribit ALGO_USDC-PERPETUAL | 0.1124 | −0.0550 | pay 0.0069% / 1h | 27m 07s | $102K | $50K | 25x |
KuCoin ALGOUSDTM
Deribit ALGO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$136.5
- Price spread: −0.080% → −0.036%
- −$4.41
- Slippage, 4 orders
- −$113.53
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$273.44
- Costs to cover
- 1.325%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Deribit: 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, 5 min ago | 4.88 bp | 41.2 bp −$41 | 220.9 bp −$2,209 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 51 min ago | 4.91 bp | 14.6 bp −$15 | 23.7 bp −$237 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALGO_USDC-PERPETUALshort | −0.0550% | 1h | 0.1124 | −0.080% | $102K | $50K | 25x | |
| Kraken Futures PF_ALGOUSD | −0.0158% | 1h | 0.1124 | −0.091% | $836K | $1.1M | 50x | as long as short |
| Bybit ALGOUSDT | −0.0129% | 8h | 0.1124 | −0.107% | $11.3M | $12.0M | 75x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0112% | 1h | 0.1130 | +0.471% | $62K | $303K | 50x | as long as short |
| Variational Omni ALGO | −0.0093% | 8h | 0.1124 | −0.029% | $62K | $13K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1125 | +0.017% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0026% | 1h | 0.1120 | −0.418% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1126 | +0.133% | $3.8M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1125 | +0.014% | $44K | $35K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1124 | −0.036% | $10.0M | $34.4M | 75x | as long as short |
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDT
Coinbase International ALGO-PERP-INTX
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1124 | −0.044% | $3.0M | $7.7M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1124 | −0.018% | $887K | $835K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1124 | −0.044% | $23.0M | $2.9M | 200x | as long as short |
| KuCoin ALGOUSDTMlong | +0.0100% | 8h | 0.1125 | long leg | $3.6M | $1.5M | 50x | |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1125 | +0.027% | $5.7M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1124 | −0.027% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1124 | −0.044% | $66K | $107K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1126 | +0.116% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1123 | −0.135% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1125 | +0.027% | $495K | $791K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0322% / S −0.0314% | 1h | 0.1125 | −0.012% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1395% | 1h | 0.1126 | +0.107% | $161K | $3K | 5x | as long as short |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD