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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: KuCoin against Extended−0.067%7-day average +0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$198as in the Funding arb table
Net, price: spread back to 7d avg − costs−$205as in the Price arb table
costs, in and out, $10k−$1931.925% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.052%−$5 on $10k
Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.067%, 7d avg +0.053%
Together, before fees+0.034%+ Points / potential airdropExtended: Active · farm board+$3 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 0.121% cheaper against Extended than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.053%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ALGO-USD0.11130.0104pay 0.0013% / 1h18m 15s$4K$219K10x
ShortKuCoin ALGOUSDTM0.11130.0100get 0.0100% / 8h3h 18m$3.5M$1.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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
−$0.84
Price spread: −0.067% → +0.053%
−$12.08
Slippage, 4 orders
−$175.51
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$205.43
Costs to cover
1.925%
Break-even
never at this rate
Slippage from Extended: live order book, 34 min ago; KuCoin: live order book, 4 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 Extended live order book, 34 min ago1.35 bp13.5 bp −$13124.5 bp −$1,245doesn't fitdoesn't fit
Sell KuCoin live order book, 4 min ago6.77 bp101.5 bp −$101217.7 bp −$2,177doesn'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
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1114+0.024%$16K150xas long as short
Deribit ALGO_USDC-PERPETUAL0.0000%1h0.1114+0.067%$88K$45K25xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+0.588%$834$233K12xas long as short
Hyperliquid ALGO+0.0100%1h0.1115+0.175%$3.6M$2.0M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1114+0.014%$44K$36K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1114+0.028%$9.7M$34.5M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1113−0.023%$11.2M$12.5M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1114+0.076%$2.7M$7.8M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1113−0.058%$858K$907K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1113−0.005%$23.2M$3.1M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ALGOUSDTMshort+0.0100%8h0.1113−0.067%$3.5M$1.4M50x
Bitget ALGOUSDT+0.0100%8h0.1113−0.041%$5.5M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1114+0.013%$3.3Mas long as short
Variational Omni ALGO+0.0100%8h0.1110−0.296%$61K$12Kas long as short
HTX ALGO-USDT+0.0100%8h0.1114+0.013%$60K$135K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1114+0.049%$3.8M$1.8M50xas long as short
Extended ALGO-USDlong+0.0104%1h0.1113long leg$4K$219K10x
Kraken Futures PF_ALGOUSD+0.0131%1h0.1115+0.156%$842K$1.1M50xas long as short
Coinbase International ALGO-PERP-INTX+0.0168%1h0.1112−0.157%$64K$304K50xas long as short
BloFin ALGO-USDT+0.0220%8h0.1112−0.157%$483K$875K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0318% / S −0.0264%1h0.1114+0.083%$6K100xas long as short
dYdX ALGO-USD+0.1168%1h0.1111−0.181%$160K$4K5xas long as short