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

ALGO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against BingX+0.027%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1131.126% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.166%−$17 on $10k
Price spread, last 7 days−0.012%−$1 · spread now +0.027%, 7d avg +0.052%
Together, before fees−0.178%−$18 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: KuCoin is 0.025% cheaper against BingX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.052%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ALGO-USDT0.11060.0100pay 0.0100% / 8h7h 01m$3.3M
ShortKuCoin ALGOUSDTM0.11060.0100get 0.0100% / 8h7h 01m$3.6M$1.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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: +0.027% → +0.052%
−$2.47
Slippage, 4 orders
−$90.62
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$115.09
Costs to cover
1.126%
Break-even
never at this rate
Slippage from BingX: live order book, 3 min ago; KuCoin: live order book, 6 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 BingX live order book, 3 min ago0.45 bp11.2 bp −$1125.3 bp −$253201.4 bp −$20.1K676.6 bp −$338.3K
Sell KuCoin live order book, 6 min ago8.05 bp44.6 bp −$45255.1 bp −$2,551doesn't fitdoesn't fit

ALGO on 22 venues

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−0.0573%1h0.1105−0.077%$821K$1.1M50xas long as short
Deribit ALGO_USDC-PERPETUAL−0.0383%1h0.1105−0.090%$100K$49K25xas long as short
Coinbase International ALGO-PERP-INTX−0.0104%1h0.1114+0.696%$87K$273K50xas long as short
Variational Omni ALGO−0.0053%8h0.1105−0.130%$60K$12Kas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h0.1106+0.013%$6K150xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+1.257%$834$233K12xas long as short
Hyperliquid ALGO+0.0100%1h0.1107+0.072%$3.6M$1.9M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1107+0.092%$44K$38K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1105−0.130%$9.8M$34.7M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1105−0.127%$11.2M$12.0M75xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ALGO-USDT-SWAP+0.0100%8h0.1105−0.145%$2.9M$7.5M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1107+0.081%$868K$831K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1106−0.018%$22.7M$3.0M200xas long as short
KuCoin ALGOUSDTMshort+0.0100%8h0.1106+0.027%$3.6M$1.5M50x
Bitget ALGOUSDT+0.0100%8h0.1106−0.009%$5.5M$3.5M75xas long as short
BingX ALGO-USDTlong+0.0100%8h0.1106long leg$3.3M
HTX ALGO-USDT+0.0100%8h0.1109+0.217%$60K$142K75xas long as short
Extended ALGO-USD+0.0104%1h0.1105−0.133%$8K$233K10xas long as short
Phemex ALGOUSDT+0.0158%8h0.1109+0.262%$3.8M$1.8M50xas long as short
BloFin ALGO-USDT+0.0220%8h0.1106−0.009%$492K$762K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0341% / S −0.0313%1h0.1106+0.003%$7K100xas long as short
dYdX ALGO-USD+0.1509%1h0.1107+0.078%$159K$3K5xas long as short