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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: KuCoin against Extended+0.165%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1521.520% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.045%−$5 on $10k
Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.165%, 7d avg +0.055%
Together, before fees−0.138%+ Points / potential airdropExtended: Active · farm board−$14 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 0.110% dearer against Extended than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.055%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ALGO-USD0.11070.0104pay 0.0013% / 1h57m 50s$8K$229K10x
ShortKuCoin ALGOUSDTM0.11090.0100get 0.0100% / 8h6h 57m$3.5M$1.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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
−$0.84
Price spread: +0.165% → +0.055%
$11.01
Slippage, 4 orders
−$135
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$141.83
Costs to cover
1.520%
Break-even
never at this rate
Slippage from Extended: live order book, 9 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 9 min ago1.30 bp13.8 bp −$14124.1 bp −$1,241doesn't fitdoesn't fit
Sell KuCoin live order book, 5 min ago7.68 bp67.3 bp −$67257.3 bp −$2,573doesn'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−0.0382%1h0.1106−0.034%$100K$49K25xas long as short
Coinbase International ALGO-PERP-INTX−0.0064%1h0.1114+0.644%$87K$273K50xas long as short
Variational Omni ALGO−0.0053%8h0.1105−0.182%$60K$12Kas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h0.1108+0.093%$6K150xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+1.204%$834$233K12xas long as short
Hyperliquid ALGO+0.0100%1h0.1109+0.192%$3.6M$2.0M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1108+0.112%$44K$38K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1108+0.102%$9.9M$34.8M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1107+0.020%$11.2M$12.1M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1107+0.056%$2.9M$7.5M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ALGO_USDT+0.0100%8h0.1107−0.007%$871K$823K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1108+0.093%$22.7M$3.0M200xas long as short
KuCoin ALGOUSDTMshort+0.0100%8h0.1109+0.165%$3.5M$1.5M50x
Bitget ALGOUSDT+0.0100%8h0.1107+0.029%$5.5M$3.6M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1108+0.074%$3.3Mas long as short
HTX ALGO-USDT+0.0100%8h0.1108+0.120%$60K$142K75xas long as short
Extended ALGO-USDlong+0.0104%1h0.1107long leg$8K$229K10x
Phemex ALGOUSDT+0.0135%8h0.1110+0.300%$3.8M$1.8M50xas long as short
BloFin ALGO-USDT+0.0220%8h0.1107+0.011%$493K$764K75xas long as short
Kraken Futures PF_ALGOUSD+0.0264%1h0.1106−0.026%$820K$1.1M50xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0341% / S −0.0313%1h0.1107+0.044%$7K100xas long as short
dYdX ALGO-USD+0.5481%1h0.1106−0.056%$159K$3K5xas long as short