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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0083%/8h= +9.1% APRnext payment +$0.83 per $10,000 · paid last 24h +0.023%
Price spread now: KuCoin against Variational Omni+0.044%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.044% dearer against Variational Omni than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ALGO0.10980.0017pay 0.0017% / 8h5h 46m$59K$13K
ShortKuCoin ALGOUSDTM0.10980.0100get 0.0100% / 8h5h 46m$3.4M$1.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Variational Omni. 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
$17.39
Price spread: +0.044% → 0.000%
$4.37
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$9.76
Costs to cover
0.120%
Break-even
3.1 days
Slippage unknown: Variational Omni: no order-book sample; KuCoin: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample
Sell KuCoin live order book, 3 min ago3.64 bp71.2 bp −$71224.1 bp −$2,241doesn't fitdoesn't fit
Variational Omni: 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 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
Bybit ALGOUSDT−0.0317%8h0.1097−0.038%$10.6M$13.3M75xas long as short
Kraken Futures PF_ALGOUSD−0.0313%1h0.1098+0.025%$807K$1.1M50xas long as short
Deribit ALGO_USDC-PERPETUAL−0.0296%1h0.1098+0.007%$86K$41K25xas long as short
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1098+0.004%$16K150xas long as short
Variational Omni ALGOlong+0.0017%8h0.1098long leg$59K$13K
OKX ALGO-USDT-SWAP+0.0028%8h0.1098+0.026%$2.6M$7.8M50xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+2.030%$834$233K12xas long as short
Coinbase International ALGO-PERP-INTX+0.0088%1h0.1105+0.700%$63K$176K50xas long as short
Hyperliquid ALGO+0.0100%1h0.1098+0.044%$3.4M$2.3M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1098+0.037%$44K$37K5xas long as short
Show all 22 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ALGOUSDT+0.0100%8h0.1098+0.044%$9.2M$33.7M75xas long as short
Gate ALGO_USDT+0.0100%8h0.1096−0.120%$826K$880K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1097−0.047%$23.5M$3.2M200xas long as short
KuCoin ALGOUSDTMshort+0.0100%8h0.1098+0.044%$3.4M$1.4M50x
Bitget ALGOUSDT+0.0100%8h0.1098+0.026%$5.4M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1097−0.093%$3.4Mas long as short
HTX ALGO-USDT+0.0100%8h0.1097−0.029%$57K$129K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1099+0.117%$3.7M$1.7M50xas long as short
Extended ALGO-USD+0.0104%1h0.1098+0.056%$4K$179K10xas long as short
BloFin ALGO-USDT+0.0220%8h0.1098−0.011%$472K$807K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0316% / S −0.0264%1h0.1098+0.032%$6K100xas long as short
dYdX ALGO-USD+0.1375%1h0.1099+0.111%$159K$5K5xas long as short