Funding you earn now, next payment 22:00 UTC+0.1182%/8h= +129.5% APRpaid last 24h +0.563%
Price spread now: dYdX against KuCoin+0.048%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$302as in the Price arb table
costs, in and out, $10k−$3063.062% of the position
Funding, last 7 days+1.556%+$156 on $10k
+Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.048%, 7d avg +0.002%
=Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and dYdX is 0.046% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ALGOUSDTM | 0.1117 | 0.0100 | pay 0.0100% / 8h | 2h 01m | $3.6M | $1.5M | 50x |
| Short | dYdX ALGO-USD | 0.1118 | 0.1282 | get 0.0160% / 1h | 1m 24s | $160K | $5K | 5x |
KuCoin ALGOUSDTM
dYdX ALGO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $248.27
- Price spread: +0.048% → +0.002%
- $4.56
- Slippage, 4 orders
- −$284.22
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$53.39
- Costs to cover
- 3.062%
- Break-even
- 8.5 days
Slippage from KuCoin: live order book, 6 min ago; dYdX: live order book, 23 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, 6 min ago | 6.72 bp | 33.0 bp −$33 | 202.1 bp −$2,021 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 23 min ago | 74.83 bp | 106.2 bp −$106 | 222.2 bp −$2,222 | 303.6 bp −$30.4K | 1381.5 bp −$690.7K |
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-PERPETUAL | −0.0554% | 1h | 0.1118 | +0.045% | $101K | $50K | 25x | as long as short |
| Injective ALGO/USDC PERP | −0.0212% | 1h | 0.1117 | −0.036% | $832 | $202K | 12x | as long as short |
| Bybit ALGOUSDT | −0.0128% | 8h | 0.1117 | −0.072% | $11.3M | $12.3M | 75x | as long as short |
| Variational Omni ALGO | −0.0092% | 8h | 0.1115 | −0.246% | $65K | $10K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1118 | +0.072% | $62K | $331K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1118 | +0.068% | $6K | — | 150x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0093% | 1h | 0.1118 | +0.077% | $840K | $1.2M | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1118 | +0.072% | $3.7M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1118 | +0.042% | $44K | $31K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1117 | −0.068% | $9.9M | $34.8M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Injective ALGO/USDC PERP
Bybit ALGOUSDT
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Kraken Futures PF_ALGOUSD
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 | 0.1116 | −0.107% | $3.0M | $7.7M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1117 | −0.063% | $878K | $867K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1117 | −0.063% | $23.0M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTMlong | +0.0100% | 8h | 0.1117 | long leg | $3.6M | $1.5M | 50x | |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1117 | −0.036% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1116 | −0.081% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1116 | −0.116% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1120 | +0.233% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1117 | −0.045% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1115 | −0.215% | $491K | $791K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0237% / S −0.0158% | 1h | 0.1118 | +0.067% | $5K | — | 100x | as long as short |
| dYdX ALGO-USDshort | +0.1282% | 1h | 0.1118 | +0.048% | $160K | $5K | 5x |
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]