Settings8H · net · $10k
Funding arb · Price arb /

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0103%/8h= −11.3% APRpaid last 24h −0.031%
Price spread now: gTrade (Gains Network) against KuCoin+0.174%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. gTrade (Gains Network) is 0.174% dearer against KuCoin than usual: you sell high and buy low (spread +0.174% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.6 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ALGOUSDTM0.11040.0100pay 0.0100% / 8h1h 01m$3.5M$1.4M50x
ShortgTrade (Gains Network) ALGO/USD0.1106L −0.0001% / S +0.0003%pay 0.0000% / 1h1m 31s$16K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$21.61
Price spread: +0.174% → 0.000%
$17.39
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$26.22
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 6 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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 bp76.4 bp −$76276.5 bp −$2,765doesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_ALGOUSD−0.0273%1h0.1106+0.167%$822K$1.1M50xas long as short
Deribit ALGO_USDC-PERPETUAL−0.0202%1h0.1105+0.127%$87K$45K25xas long as short
gTrade (Gains Network) ALGO/USDshortL −0.0001% / S +0.0003%1h0.1106+0.174%$16K150x
Injective ALGO/USDC PERP+0.0033%1h0.1120+1.449%$834$233K12xas long as short
Hyperliquid ALGO+0.0100%1h0.1107+0.272%$3.4M$2.3M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1104+0.037%$44K$36K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1105+0.050%$9.4M$34.4M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1104−0.027%$10.9M$12.7M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1104−0.009%$2.7M$7.8M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1104−0.009%$833K$951K50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ALGO_USDT+0.0100%8h0.1105+0.054%$23.0M$3.2M200xas long as short
KuCoin ALGOUSDTMlong+0.0100%8h0.1104long leg$3.5M$1.4M50x
Bitget ALGOUSDT+0.0100%8h0.1105+0.091%$5.5M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1105+0.054%$3.4Mas long as short
Variational Omni ALGO+0.0100%8h0.1107+0.295%$61K$12Kas long as short
HTX ALGO-USDT+0.0100%8h0.1105+0.100%$60K$134K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1108+0.362%$3.7M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1104+0.033%$4K$199K10xas long as short
Coinbase International ALGO-PERP-INTX+0.0136%1h0.1109+0.498%$63K$193K50xas long as short
BloFin ALGO-USDT+0.0220%8h0.1105+0.127%$471K$871K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0318% / S −0.0264%1h0.1106+0.156%$6K100xas long as short
dYdX ALGO-USD+0.0938%1h0.1106+0.138%$159K$5K5xas long as short