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

ALGO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against KuCoin+0.027%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1291.292% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.079%+$8 on $10k
Price spread, last 7 days−0.028%−$3 · spread now +0.027%, 7d avg −0.019%
Together, before fees+0.051%+$5 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: MEXC is 0.045% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.019%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ALGOUSDTM0.11160.0100pay 0.0100% / 8h1h 59m$3.6M$1.5M50x
ShortMEXC ALGO_USDT0.11160.0100get 0.0100% / 8h1h 59m$23.0M$2.8M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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: +0.027% → −0.019%
$4.54
Slippage, 4 orders
−$117.21
Fee KuCoin: 6 bp × 2 orders
−$12
Fee MEXC: 0 bp × 2 orders
$0
Net
−$124.67
Costs to cover
1.292%
Break-even
never at this rate
Slippage from KuCoin: live order book, 8 min ago; MEXC: live order book, 4 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, 8 min ago6.72 bp33.0 bp −$33202.1 bp −$2,021doesn't fitdoesn't fit
Sell MEXC live order book, 4 min ago0.45 bp5.3 bp −$512.0 bp −$120381.7 bp −$38.2Kdoesn'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
Deribit ALGO_USDC-PERPETUAL−0.0556%1h0.11160.000%$101K$50K25xas long as short
Injective ALGO/USDC PERP−0.0295%1h0.1117+0.090%$832$202K12xas long as short
Kraken Futures PF_ALGOUSD−0.0289%1h0.1117+0.052%$839K$1.2M50xas long as short
Bybit ALGOUSDT−0.0135%8h0.1115−0.054%$11.2M$12.2M75xas long as short
Variational Omni ALGO−0.0095%8h0.1116−0.008%$65K$10Kas long as short
Coinbase International ALGO-PERP-INTX−0.0056%1h0.1118+0.197%$62K$331K50xas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h0.1117+0.068%$6K150xas long as short
Hyperliquid ALGO+0.0100%1h0.1117+0.081%$3.7M$1.9M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1116−0.009%$44K$31K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1116+0.009%$9.9M$34.7M75xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ALGO-USDT-SWAP+0.0100%8h0.1115−0.072%$3.0M$7.7M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1115−0.081%$876K$843K50xas long as short
MEXC ALGO_USDTshort+0.0100%8h0.1116+0.027%$23.0M$2.8M200x
KuCoin ALGOUSDTMlong+0.0100%8h0.1116long leg$3.6M$1.5M50x
Bitget ALGOUSDT+0.0100%8h0.1117+0.090%$5.6M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1116−0.018%$3.3Mas long as short
HTX ALGO-USDT+0.0100%8h0.1116−0.018%$66K$108K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1118+0.179%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1116−0.006%$7K$210K10xas long as short
BloFin ALGO-USDT+0.0220%8h0.1116+0.009%$490K$792K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0237% / S −0.0158%1h0.1117+0.049%$5K100xas long as short
dYdX ALGO-USD+0.1280%1h0.1118+0.173%$160K$5K5xas long as short