Funding you earn now, next payment 23:00 UTC−0.0387%/8h= −42.3% APRpaid last 24h −0.040%
Price spread now: Kraken Futures against KuCoin+0.057%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$155as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1311.311% of the position
Funding, last 7 days−0.243%−$24 on $10k
+Price spread, last 3 days (all we have)+0.073%+$7 · spread now +0.057%, 7d avg +0.048%
=The price spread sits at its 7-day average of +0.048%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.243% in total (about -12.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ALGOUSDTM | 0.1123 | 0.0100 | pay 0.0100% / 8h | 1h 05m | $3.6M | $1.5M | 50x |
| Short | Kraken Futures PF_ALGOUSD | 0.1124 | −0.0287 | pay 0.0036% / 1h | 5m 52s | $836K | $1.2M | 50x |
KuCoin ALGOUSDTM
Kraken Futures PF_ALGOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$81.2
- Price spread: +0.057% → +0.048%
- $0.91
- Slippage, 4 orders
- −$109.13
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$211.42
- Costs to cover
- 1.311%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 7 min ago; Kraken Futures: live order book, 3 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, 7 min ago | 5.80 bp | 46.8 bp −$47 | 193.6 bp −$1,936 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 4.46 bp | 25.3 bp −$25 | 47.5 bp −$475 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ALGO/USDC PERP | −0.0295% | 1h | 0.1120 | −0.276% | $834 | $233K | 12x | as long as short |
| Kraken Futures PF_ALGOUSDshort | −0.0287% | 1h | 0.1124 | +0.057% | $836K | $1.2M | 50x | |
| Deribit ALGO_USDC-PERPETUAL | −0.0284% | 1h | 0.1123 | +0.027% | $102K | $50K | 25x | as long as short |
| Bybit ALGOUSDT | −0.0099% | 8h | 0.1122 | −0.116% | $11.3M | $12.3M | 75x | as long as short |
| Variational Omni ALGO | −0.0088% | 8h | 0.1119 | −0.401% | $65K | $10K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0056% | 1h | 0.1121 | −0.223% | $62K | $332K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1124 | +0.045% | $6K | — | 150x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1124 | +0.098% | $3.8M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1122 | −0.059% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1123 | 0.000% | $9.9M | $34.8M | 75x | as long as short |
Injective ALGO/USDC PERP
Deribit ALGO_USDC-PERPETUAL
Bybit ALGOUSDT
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
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 | 0.1122 | −0.125% | $3.0M | $7.7M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1124 | +0.062% | $887K | $856K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1123 | 0.000% | $23.3M | $2.8M | 200x | as long as short |
| KuCoin ALGOUSDTMlong | +0.0100% | 8h | 0.1123 | long leg | $3.6M | $1.5M | 50x | |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1123 | −0.009% | $5.7M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1122 | −0.062% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1123 | −0.045% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1125 | +0.169% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1123 | −0.033% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1120 | −0.276% | $487K | $796K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0258% / S −0.0192% | 1h | 0.1124 | +0.048% | $5K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1487% | 1h | 0.1122 | −0.102% | $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