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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0180%/8h= +19.7% APRnext payment +$1.80 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Variational Omni+0.194%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and KuCoin is 0.194% dearer against Variational Omni than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ALGO0.1127−0.0080get 0.0080% / 8h50m 11s$65K$10K
ShortKuCoin ALGOUSDTM0.11290.0100get 0.0100% / 8h50m 11s$3.6M$1.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Variational Omni. 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
$37.78
Price spread: +0.194% → 0.000%
$19.44
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$45.23
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; KuCoin: live order book, 7 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample
Sell KuCoin live order book, 7 min ago4.00 bp56.1 bp −$56189.7 bp −$1,897doesn't fitdoesn't fit
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0281%1h0.1129+0.221%$102K$50K25xas long as short
Kraken Futures PF_ALGOUSD−0.0157%1h0.1129+0.207%$840K$1.2M50xas long as short
Coinbase International ALGO-PERP-INTX−0.0112%1h0.1121−0.542%$62K$332K50xas long as short
Bybit ALGOUSDT−0.0092%8h0.1128+0.115%$11.3M$12.3M75xas long as short
Variational Omni ALGOlong−0.0080%8h0.1127long leg$65K$10K
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h0.1130+0.292%$6K150xas long as short
Injective ALGO/USDC PERP+0.0026%1h0.1120−0.595%$834$233K12xas long as short
Hyperliquid ALGO+0.0100%1h0.1130+0.301%$3.8M$1.9M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1129+0.233%$45K$36K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1128+0.143%$9.9M$34.8M75xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ALGO-USDT-SWAP+0.0100%8h0.1128+0.123%$3.0M$7.8M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1129+0.194%$891K$834K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1128+0.141%$23.4M$2.8M200xas long as short
KuCoin ALGOUSDTMshort+0.0100%8h0.1129+0.194%$3.6M$1.5M50x
Bitget ALGOUSDT+0.0100%8h0.1129+0.203%$5.7M$3.6M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1129+0.168%$3.3Mas long as short
HTX ALGO-USDT+0.0100%8h0.1129+0.203%$67K$109K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1131+0.381%$3.9M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1129+0.224%$7K$210K10xas long as short
BloFin ALGO-USDT+0.0220%8h0.1128+0.079%$489K$797K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0312% / S −0.0294%1h0.1130+0.249%$7K100xas long as short
dYdX ALGO-USD+0.1666%1h0.1130+0.254%$162K$3K5xas long as short