Funding you earn now, next payment 08:00 UTC+0.0118%/8h= +12.9% APRnext payment +$1.18 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against KuCoin+0.250%95s7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1431.429% of the position
Funding, last 7 days+0.341%+$34 on $10k
+Price spread, last 3 days (all we have)−0.299%−$30 · spread now +0.250%, 7d avg −0.043%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.293% dearer against KuCoin than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.043%. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ALGOUSDTM | 0.1118 | 0.0100 | pay 0.0100% / 8h | 7h 21m | $3.6M | $1.4M | 50x |
| Short | BloFin ALGO-USDT | 0.1121 | 0.0218 | get 0.0218% / 8h | 7h 21m | $494K | $771K | 75x |
KuCoin ALGOUSDTM
BloFin ALGO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. 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
- $24.78
- Price spread: +0.250% → −0.043%
- $29.29
- Slippage, 4 orders
- −$118.87
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$88.8
- Costs to cover
- 1.429%
- Break-even
- 32.1 days
Slippage from KuCoin: live order book, 6 min ago; BloFin: live order book, 50 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 KuCoin live order book, 6 min ago | 5.82 bp | 78.7 bp −$79 | 195.4 bp −$1,954 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 50 min ago | 0.89 bp | 9.7 bp −$10 | 21.3 bp −$213 | 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 | −0.0566% | 1h | 0.1120 | +0.129% | $832K | $1.1M | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0464% | 1h | 0.1119 | +0.089% | $101K | $50K | 25x | as long as short |
| Variational Omni ALGO | −0.0108% | 8h | 0.1115 | −0.262% | $61K | $11K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0104% | 1h | 0.1117 | −0.116% | $70K | $258K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1121 | +0.211% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.152% | $834 | $233K | 12x | as long as short |
| Extended ALGO-USD | +0.0096% | 1h | 0.1119 | +0.048% | $4K | $228K | 10x | as long as short |
| MEXC ALGO_USDT | +0.0098% | 8h | 0.1117 | −0.080% | $23.0M | $3.0M | 200x | as long as short |
| Binance ALGOUSDT | +0.0099% | 8h | 0.1117 | −0.098% | $9.9M | $34.5M | 75x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1119 | +0.080% | $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 | 0.1119 | +0.092% | $44K | $38K | 5x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1116 | −0.179% | $11.3M | $11.8M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1116 | −0.179% | $2.9M | $7.4M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1120 | +0.143% | $878K | $822K | 50x | as long as short |
| KuCoin ALGOUSDTMlong | +0.0100% | 8h | 0.1118 | long leg | $3.6M | $1.4M | 50x | |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1118 | −0.027% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1117 | −0.143% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1120 | +0.197% | $68K | $110K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1121 | +0.241% | $3.8M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDTshort | +0.0218% | 8h | 0.1121 | +0.250% | $494K | $771K | 75x | |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0342% / S −0.0351% | 1h | 0.1120 | +0.167% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1170% | 1h | 0.1118 | −0.056% | $160K | $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
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD