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 Phemex−0.223%7-day average −0.117% · you buy dearer than you sell
Net, funding: paid 7d − costs−$185as in the Funding arb table
Net, price: spread back to 7d avg − costs−$178as in the Price arb table
costs, in and out, $10k−$1681.679% of the position
Funding, last 7 days−0.176%−$18 on $10k
+Price spread, last 3 days (all we have)+0.141%+$14 · spread now −0.223%, 7d avg −0.117%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.105% cheaper against Phemex than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.117%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ALGOUSDT | 0.1123 | 0.0100 | pay 0.0100% / 8h | 7h 29m | $3.8M | $1.7M | 50x |
| Short | KuCoin ALGOUSDTM | 0.1120 | 0.0100 | get 0.0100% / 8h | 7h 29m | $3.6M | $1.4M | 50x |
Phemex ALGOUSDT
KuCoin ALGOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Phemex. 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
- $0
- Price spread: −0.223% → −0.117%
- −$10.52
- Slippage, 4 orders
- −$143.92
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$178.43
- Costs to cover
- 1.679%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; KuCoin: 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 Phemex live order book, 4 min ago | 8.94 bp | 38.8 bp −$39 | 70.2 bp −$702 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 4.46 bp | 44.9 bp −$45 | 203.9 bp −$2,039 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALGOUSD | −0.0565% | 1h | 0.1120 | −0.237% | $834K | $1.1M | 50x | as long as short |
| Variational Omni ALGO | −0.0119% | 8h | 0.1119 | −0.323% | $62K | $11K | — | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0107% | 1h | 0.1120 | −0.249% | $101K | $50K | 25x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0104% | 1h | 0.1117 | −0.499% | $67K | $271K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1120 | −0.225% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | −0.267% | $834 | $233K | 12x | as long as short |
| MEXC ALGO_USDT | +0.0092% | 8h | 0.1120 | −0.232% | $23.0M | $3.0M | 200x | as long as short |
| Binance ALGOUSDT | +0.0093% | 8h | 0.1120 | −0.249% | $9.9M | $34.0M | 75x | as long as short |
| Extended ALGO-USD | +0.0096% | 1h | 0.1120 | −0.282% | $4K | $228K | 10x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1122 | −0.098% | $3.7M | $1.8M | 5x | as long as short |
Kraken Futures PF_ALGOUSD
Variational Omni ALGO
Deribit ALGO_USDC-PERPETUAL
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
MEXC ALGO_USDT
Binance ALGOUSDT
Extended ALGO-USD
Hyperliquid ALGOShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ALGOUSDT | +0.0100% | 8h | 0.1121 | −0.164% | $44K | $38K | 5x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1119 | −0.329% | $11.3M | $11.8M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1120 | −0.285% | $2.9M | $7.5M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1120 | −0.223% | $880K | $818K | 50x | as long as short |
| KuCoin ALGOUSDTMshort | +0.0100% | 8h | 0.1120 | −0.223% | $3.6M | $1.4M | 50x | |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1121 | −0.178% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1120 | −0.258% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1121 | −0.196% | $68K | $110K | 75x | as long as short |
| Phemex ALGOUSDTlong | +0.0100% | 8h | 0.1123 | long leg | $3.8M | $1.7M | 50x | |
| BloFin ALGO-USDT | +0.0213% | 8h | 0.1120 | −0.267% | $489K | $769K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0342% / S −0.0351% | 1h | 0.1120 | −0.246% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1345% | 1h | 0.1122 | −0.113% | $161K | $3K | 5x | as long as short |
Aster ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD