Funding you earn now, next payment 02:00 UTC+0.0482%/8h= +52.8% APRpaid last 24h +0.132%
Price spread now: KuCoin against Deribit+0.099%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1491.492% of the position
Funding, last 7 days+1.039%+$104 on $10k
+Price spread, last 3 days (all we have)−0.069%−$7 · spread now +0.099%, 7d avg +0.037%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and KuCoin is 0.063% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.037%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ALGO_USDC-PERPETUAL | 0.1106 | −0.0382 | get 0.0048% / 1h | 57m 38s | $100K | $49K | 25x |
| Short | KuCoin ALGOUSDTM | 0.1107 | 0.0100 | get 0.0100% / 8h | 6h 57m | $3.5M | $1.5M | 50x |
Deribit ALGO_USDC-PERPETUAL
KuCoin ALGOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Deribit. 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
- $101.22
- Price spread: +0.099% → +0.037%
- $6.29
- Slippage, 4 orders
- −$130.19
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$41.68
- Costs to cover
- 1.492%
- Break-even
- 9.9 days
Slippage from Deribit: live order book, 11 min ago; KuCoin: live order book, 5 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 Deribit live order book, 11 min ago | 6.26 bp | 10.7 bp −$11 | 20.3 bp −$203 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 7.68 bp | 67.3 bp −$67 | 257.3 bp −$2,573 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALGO_USDC-PERPETUALlong | −0.0382% | 1h | 0.1106 | long leg | $100K | $49K | 25x | |
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1114 | +0.678% | $87K | $273K | 50x | as long as short |
| Variational Omni ALGO | −0.0053% | 8h | 0.1105 | −0.149% | $60K | $12K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1108 | +0.127% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.238% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1109 | +0.226% | $3.6M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1109 | +0.206% | $44K | $38K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1106 | 0.000% | $9.8M | $34.8M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1106 | −0.063% | $11.2M | $12.1M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1106 | +0.018% | $2.9M | $7.5M | 50x | as long as short |
Coinbase International ALGO-PERP-INTX
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ALGO_USDT | +0.0100% | 8h | 0.1107 | +0.027% | $871K | $823K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1106 | −0.027% | $22.7M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTMshort | +0.0100% | 8h | 0.1107 | +0.099% | $3.5M | $1.5M | 50x | |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1107 | +0.063% | $5.5M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1107 | +0.036% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1108 | +0.154% | $60K | $142K | 75x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1106 | −0.011% | $8K | $229K | 10x | as long as short |
| Phemex ALGOUSDT | +0.0135% | 8h | 0.1110 | +0.334% | $3.8M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1107 | +0.045% | $493K | $764K | 75x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0264% | 1h | 0.1106 | +0.008% | $820K | $1.1M | 50x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0341% / S −0.0313% | 1h | 0.1107 | +0.078% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.5474% | 1h | 0.1107 | +0.054% | $159K | $3K | 5x | as long as short |
Gate ALGO_USDT
MEXC ALGO_USDT
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Extended ALGO-USD
Phemex ALGOUSDT
BloFin ALGO-USDT
Kraken Futures PF_ALGOUSD
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD