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

ALGO

all ALGO markets
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: KuCoin against OKX0.000%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$184as in the Funding arb table
Net, price: spread back to 7d avg − costs−$186as in the Price arb table
costs, in and out, $10k−$1801.796% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.042%−$4 on $10k
Price spread, last 7 days−0.042%−$4 · spread now 0.000%, 7d avg +0.059%
Together, before fees−0.084%−$8 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: KuCoin is 0.059% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.059%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ALGO-USDT-SWAP0.11120.0100pay 0.0100% / 8h6h 45m$2.9M$7.6M50x
ShortKuCoin ALGOUSDTM0.11120.0100get 0.0100% / 8h6h 45m$3.5M$1.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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: 0.000% → +0.059%
−$5.94
Slippage, 4 orders
−$157.62
Fee OKX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$185.56
Costs to cover
1.796%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; KuCoin: live order book, 7 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 OKX live order book, 3 min ago1.80 bp14.9 bp −$1551.4 bp −$514doesn't fitdoesn't fit
Sell KuCoin live order book, 7 min ago8.56 bp73.9 bp −$74199.7 bp −$1,997doesn'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
Deribit ALGO_USDC-PERPETUAL−0.0110%1h0.1111−0.036%$101K$49K25xas long as short
Coinbase International ALGO-PERP-INTX−0.0064%1h0.1113+0.081%$86K$273K50xas long as short
Variational Omni ALGO−0.0029%8h0.1111−0.015%$61K$12Kas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h0.1113+0.100%$6K150xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+0.756%$834$233K12xas long as short
Hyperliquid ALGO+0.0100%1h0.1113+0.099%$3.6M$2.0M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1112+0.068%$44K$38K5xas long as short
Binance ALGOUSDT+0.0100%8h0.11120.000%$9.9M$35.0M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1111−0.045%$11.4M$12.3M75xas long as short
OKX ALGO-USDT-SWAPlong+0.0100%8h0.1112long leg$2.9M$7.6M50x
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ALGO_USDT+0.0100%8h0.1110−0.108%$871K$843K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.11120.000%$22.8M$3.0M200xas long as short
KuCoin ALGOUSDTMshort+0.0100%8h0.11120.000%$3.5M$1.5M50x
Bitget ALGOUSDT+0.0100%8h0.1112+0.036%$5.6M$3.6M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1111−0.009%$3.4Mas long as short
HTX ALGO-USDT+0.0100%8h0.1112+0.072%$60K$144K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1113+0.126%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1112+0.063%$8K$229K10xas long as short
BloFin ALGO-USDT+0.0220%8h0.1117+0.459%$489K$801K75xas long as short
Kraken Futures PF_ALGOUSD+0.0263%1h0.1111−0.011%$825K$1.1M50xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0342% / S −0.0313%1h0.1112+0.072%$7K100xas long as short
dYdX ALGO-USD+0.1542%1h0.1112+0.025%$160K$4K5xas long as short