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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against KuCoin+0.046%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1251.250% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.073%+$7 on $10k
Price spread, last 7 days−0.055%−$5 · spread now +0.046%, 7d avg −0.020%
Together, before fees+0.018%+$2 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: MEXC is 0.066% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ALGOUSDTM0.10970.0100pay 0.0100% / 8h5h 43m$3.4M$1.4M50x
ShortMEXC ALGO_USDT0.10980.0100get 0.0100% / 8h5h 43m$23.5M$3.2M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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
Price spread: +0.046% → −0.020%
$6.6
Slippage, 4 orders
−$112.97
Fee KuCoin: 6 bp × 2 orders
−$12
Fee MEXC: 0 bp × 2 orders
$0
Net
−$118.37
Costs to cover
1.250%
Break-even
never at this rate
Slippage from KuCoin: live order book, 2 min ago; MEXC: live order book, 3 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 KuCoin live order book, 2 min ago4.56 bp39.9 bp −$40210.6 bp −$2,106doesn't fitdoesn't fit
Sell MEXC live order book, 3 min ago0.91 bp7.0 bp −$764.2 bp −$642499.0 bp −$49.9Kdoesn't fit

ALGO on 22 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ALGOUSD−0.0313%1h0.1097−0.024%$806K$1.1M50xas long as short
Bybit ALGOUSDT−0.0303%8h0.1096−0.118%$10.6M$13.3M75xas long as short
Deribit ALGO_USDC-PERPETUAL−0.0297%1h0.1097−0.064%$86K$41K25xas long as short
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1098+0.031%$16K150xas long as short
Variational Omni ALGO+0.0011%8h0.1097−0.003%$59K$13Kas long as short
OKX ALGO-USDT-SWAP+0.0022%8h0.1096−0.109%$2.6M$7.8M50xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+2.059%$834$233K12xas long as short
Coinbase International ALGO-PERP-INTX+0.0088%1h0.1105+0.729%$63K$176K50xas long as short
Hyperliquid ALGO+0.0100%1h0.1099+0.100%$3.4M$2.3M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1098+0.018%$43K$36K5xas long as short
Show all 22 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ALGOUSDT+0.0100%8h0.1098+0.018%$9.2M$33.7M75xas long as short
Gate ALGO_USDT+0.0100%8h0.1095−0.173%$825K$880K50xas long as short
MEXC ALGO_USDTshort+0.0100%8h0.1098+0.046%$23.5M$3.2M200x
KuCoin ALGOUSDTMlong+0.0100%8h0.1097long leg$3.4M$1.4M50x
Bitget ALGOUSDT+0.0100%8h0.1097−0.036%$5.4M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1096−0.109%$3.4Mas long as short
HTX ALGO-USDT+0.0100%8h0.1096−0.109%$57K$128K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1099+0.146%$3.7M$1.7M50xas long as short
Extended ALGO-USD+0.0104%1h0.1097−0.046%$4K$174K10xas long as short
BloFin ALGO-USDT+0.0220%8h0.1095−0.173%$471K$810K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0316% / S −0.0264%1h0.1097−0.009%$6K100xas long as short
dYdX ALGO-USD+0.1669%1h0.1097−0.035%$159K$5K5xas long as short