Funding you earn now, next payment 02:00 UTC−0.0482%/8h= −52.8% APRpaid last 24h −0.132%
Price spread now: Deribit against KuCoin−0.162%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$253as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as 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)+0.132%+$13 · spread now −0.162%, 7d avg −0.037%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Deribit is 0.126% cheaper against KuCoin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.037%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ALGOUSDTM | 0.1108 | 0.0100 | pay 0.0100% / 8h | 6h 58m | $3.5M | $1.5M | 50x |
| Short | Deribit ALGO_USDC-PERPETUAL | 0.1106 | −0.0382 | pay 0.0048% / 1h | 58m 13s | $100K | $49K | 25x |
KuCoin ALGOUSDTM
Deribit ALGO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$101.22
- Price spread: −0.162% → −0.037%
- −$12.59
- Slippage, 4 orders
- −$130.19
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$263.01
- Costs to cover
- 1.492%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 min ago; Deribit: live order book, 10 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, 4 min ago | 7.68 bp | 57.9 bp −$58 | 244.0 bp −$2,440 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 10 min ago | 6.26 bp | 13.3 bp −$13 | 25.5 bp −$255 | 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-PERPETUALshort | −0.0382% | 1h | 0.1106 | −0.162% | $100K | $49K | 25x | |
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1114 | +0.514% | $87K | $273K | 50x | as long as short |
| Variational Omni ALGO | −0.0053% | 8h | 0.1105 | −0.311% | $60K | $12K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1108 | −0.035% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.074% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1109 | +0.108% | $3.6M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1108 | −0.006% | $44K | $38K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1106 | −0.160% | $9.8M | $34.8M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1106 | −0.226% | $11.2M | $12.1M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1106 | −0.153% | $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 | −0.090% | $872K | $823K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1107 | −0.126% | $22.7M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTMlong | +0.0100% | 8h | 0.1108 | long leg | $3.5M | $1.5M | 50x | |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1107 | −0.099% | $5.5M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1107 | −0.126% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1108 | −0.009% | $60K | $142K | 75x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1107 | −0.116% | $8K | $229K | 10x | as long as short |
| Phemex ALGOUSDT | +0.0135% | 8h | 0.1110 | +0.171% | $3.8M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1107 | −0.117% | $493K | $764K | 75x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0264% | 1h | 0.1106 | −0.155% | $820K | $1.1M | 50x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0341% / S −0.0313% | 1h | 0.1107 | −0.085% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.5481% | 1h | 0.1106 | −0.184% | $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