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

ALGO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against KuCoin−0.135%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$227as in the Funding arb table
Net, price: spread back to 7d avg − costs−$244as in the Price arb table
costs, in and out, $10k−$2382.381% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.115%+$11 on $10k
Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.135%, 7d avg −0.074%
Together, before fees+0.128%+$13 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.061% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.074%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ALGOUSDTM0.11080.0100pay 0.0100% / 8h1h 07m$3.5M$1.4M50x
ShortGate ALGO_USDT0.11070.0100get 0.0100% / 8h1h 07m$835K$944K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$0
Price spread: −0.135% → −0.074%
−$6.12
Slippage, 4 orders
−$211.13
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$244.25
Costs to cover
2.381%
Break-even
never at this rate
Slippage from KuCoin: live order book, 5 min ago; Gate: live order book, 35 min ago.

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, 5 min ago5.42 bp76.3 bp −$76213.9 bp −$2,139doesn't fitdoesn't fit
Sell Gate live order book, 35 min ago7.72 bp48.4 bp −$48513.0 bp −$5,130doesn't fitdoesn't fit

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%1h0.1110+0.139%$824K$1.1M50xas long as short
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1109+0.041%$16K150xas long as short
Deribit ALGO_USDC-PERPETUAL0.0000%1h0.1109+0.045%$88K$45K25xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+1.074%$834$233K12xas long as short
Hyperliquid ALGO+0.0100%1h0.1111+0.226%$3.4M$2.3M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1108+0.019%$44K$36K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1109+0.092%$9.4M$34.4M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1108−0.009%$10.9M$12.7M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1109+0.072%$2.7M$7.8M50xas long as short
Gate ALGO_USDTshort+0.0100%8h0.1107−0.135%$835K$944K50x
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ALGO_USDT+0.0100%8h0.1109+0.072%$23.1M$3.2M200xas long as short
KuCoin ALGOUSDTMlong+0.0100%8h0.1108long leg$3.5M$1.4M50x
Bitget ALGOUSDT+0.0100%8h0.1109+0.081%$5.5M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1109+0.054%$3.4Mas long as short
Variational Omni ALGO+0.0100%8h0.1106−0.212%$61K$12Kas long as short
HTX ALGO-USDT+0.0100%8h0.1107−0.108%$60K$133K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1111+0.262%$3.7M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1108+0.007%$4K$199K10xas long as short
Coinbase International ALGO-PERP-INTX+0.0136%1h0.1109+0.126%$63K$193K50xas long as short
BloFin ALGO-USDT+0.0220%8h0.1107−0.117%$471K$874K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0318% / S −0.0264%1h0.1109+0.087%$6K100xas long as short
dYdX ALGO-USD+0.0893%1h0.1108−0.033%$160K$5K5xas long as short