Funding you earn now, next payment 01:00 UTC−0.0242%/8h= −26.5% APRpaid last 24h −0.054%
Price spread now: KuCoin against GMX−0.024%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and KuCoin is 0.024% cheaper against GMX than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ALGO/USD [WBTC.b-USDC] | 0.1120 | L +0.0342% / S −0.0351% | pay 0.0043% / 1h | 21m 58s | $7K | — | 100x |
| Short | KuCoin ALGOUSDTM | 0.1120 | 0.0100 | get 0.0100% / 8h | 7h 21m | $3.6M | $1.4M | 50x |
GMX ALGO/USD [WBTC.b-USDC]
KuCoin ALGOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against GMX. 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
- −$50.78
- Price spread: −0.024% → 0.000%
- −$2.41
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$77.19
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 5 min ago. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 5 min ago | 5.82 bp | 42.9 bp −$43 | 192.7 bp −$1,927 | doesn't fit | doesn't fit |
GMX: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALGOUSD | −0.0566% | 1h | 0.1120 | −0.038% | $832K | $1.1M | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0464% | 1h | 0.1119 | −0.078% | $101K | $50K | 25x | as long as short |
| Variational Omni ALGO | −0.0108% | 8h | 0.1115 | −0.429% | $61K | $11K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0104% | 1h | 0.1117 | −0.283% | $70K | $258K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1121 | +0.044% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | −0.015% | $834 | $233K | 12x | as long as short |
| Extended ALGO-USD | +0.0096% | 1h | 0.1119 | −0.119% | $4K | $228K | 10x | as long as short |
| MEXC ALGO_USDT | +0.0097% | 8h | 0.1119 | −0.131% | $23.0M | $3.0M | 200x | as long as short |
| Binance ALGOUSDT | +0.0098% | 8h | 0.1118 | −0.163% | $10.0M | $34.5M | 75x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1121 | +0.090% | $3.7M | $1.8M | 5x | as long as short |
Kraken Futures PF_ALGOUSD
Deribit ALGO_USDC-PERPETUAL
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Extended ALGO-USD
MEXC ALGO_USDT
Binance ALGOUSDT
Hyperliquid ALGOShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ALGOUSDT | +0.0100% | 8h | 0.1120 | −0.035% | $44K | $38K | 5x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.221% | $11.3M | $11.8M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1117 | −0.247% | $2.9M | $7.5M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1120 | −0.024% | $878K | $822K | 50x | as long as short |
| KuCoin ALGOUSDTMshort | +0.0100% | 8h | 0.1120 | −0.024% | $3.6M | $1.4M | 50x | |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.194% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1118 | −0.212% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1120 | +0.029% | $68K | $110K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1121 | +0.074% | $3.8M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0218% | 8h | 0.1121 | +0.083% | $494K | $771K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC]long | L +0.0342% / S −0.0351% | 1h | 0.1120 | long leg | $7K | — | 100x | |
| dYdX ALGO-USD | +0.1196% | 1h | 0.1122 | +0.164% | $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
Phemex ALGOUSDT
BloFin ALGO-USDT
dYdX ALGO-USD