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 Bitget−0.064%7-day average +0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$192as in the Funding arb table
Net, price: spread back to 7d avg − costs−$186as in the Price arb table
costs, in and out, $10k−$1761.758% 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+0.067%+$7 · spread now −0.064%, 7d avg +0.041%
Together, before fees−0.099%−$10 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 0.105% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.041%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ALGOUSDT0.10990.0100pay 0.0100% / 8h1h 53m$5.4M$3.5M75x
ShortKuCoin ALGOUSDTM0.10980.0100get 0.0100% / 8h1h 53m$3.4M$1.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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: −0.064% → +0.041%
−$10.47
Slippage, 4 orders
−$151.81
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$186.28
Costs to cover
1.758%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; KuCoin: 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 Bitget live order book, 4 min ago4.53 bp23.9 bp −$2461.0 bp −$610doesn't fitdoesn't fit
Sell KuCoin live order book, 3 min ago8.63 bp63.9 bp −$64213.1 bp −$2,131doesn'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−0.0275%1h0.1100+0.046%$817K$1.1M50xas long as short
Deribit ALGO_USDC-PERPETUAL−0.0205%1h0.1099+0.018%$87K$44K25xas long as short
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1100+0.062%$16K150xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+1.911%$834$233K12xas long as short
Hyperliquid ALGO+0.0100%1h0.1100+0.118%$3.3M$2.3M5xas long as short
Aster ALGOUSDT+0.0100%8h0.10990.000%$44K$36K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1099−0.016%$9.3M$34.6M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1098−0.091%$10.9M$12.7M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.10990.000%$2.7M$7.8M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1100+0.091%$832K$931K50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ALGO_USDT+0.0100%8h0.10990.000%$23.0M$3.1M200xas long as short
KuCoin ALGOUSDTMshort+0.0100%8h0.1098−0.064%$3.4M$1.4M50x
Bitget ALGOUSDTlong+0.0100%8h0.1099long leg$5.4M$3.5M75x
BingX ALGO-USDT+0.0100%8h0.1099+0.009%$3.3Mas long as short
Variational Omni ALGO+0.0100%8h0.1098−0.068%$60K$12Kas long as short
HTX ALGO-USDT+0.0100%8h0.1099−0.009%$59K$135K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1101+0.182%$3.7M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1099−0.041%$4K$198K10xas long as short
Coinbase International ALGO-PERP-INTX+0.0136%1h0.1106+0.646%$62K$248K50xas long as short
BloFin ALGO-USDT+0.0220%8h0.1099+0.027%$469K$874K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0317% / S −0.0264%1h0.1099+0.045%$6K100xas long as short
dYdX ALGO-USD+0.0728%1h0.1100+0.104%$159K$5K5xas long as short