Funding you earn now, next payment 02:00 UTC−0.0165%/8h= −18.0% APRpaid last 24h +0.035%
Price spread now: KuCoin against Kraken Futures+0.098%7-day average −0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1761.762% of the position
Funding, last 7 days+0.249%+$25 on $10k
+Price spread, last 3 days (all we have)−0.157%−$16 · spread now +0.098%, 7d avg −0.046%
=The price spread pays, funding is against you. KuCoin is 0.143% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.098% now, against its 7-day average of −0.046%): +$14 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.9 days. Mind the row above: over the last 7 days funding on this pair paid +0.249%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ALGOUSD | 0.1105 | 0.0265 | pay 0.0033% / 1h | 57m 16s | $820K | $1.1M | 50x |
| Short | KuCoin ALGOUSDTM | 0.1106 | 0.0100 | get 0.0100% / 8h | 6h 57m | $3.5M | $1.5M | 50x |
Kraken Futures PF_ALGOUSD
KuCoin ALGOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$34.58
- Price spread: +0.098% → −0.046%
- $14.34
- Slippage, 4 orders
- −$154.16
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$196.4
- Costs to cover
- 1.762%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; KuCoin: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 1 min ago | 15.35 bp | 21.1 bp −$21 | 41.2 bp −$412 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 7.68 bp | 67.3 bp −$67 | 257.3 bp −$2,573 | doesn't fit | doesn't fit |
ALGO on 22 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALGO_USDC-PERPETUAL | −0.0564% | 1h | 0.1105 | −0.056% | $100K | $49K | 25x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1114 | +0.785% | $87K | $273K | 50x | as long as short |
| Variational Omni ALGO | −0.0053% | 8h | 0.1105 | −0.042% | $60K | $12K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1106 | +0.057% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.346% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1107 | +0.170% | $3.6M | $2.0M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1108 | +0.254% | $44K | $38K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1105 | +0.022% | $9.8M | $34.8M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1104 | −0.074% | $11.1M | $12.1M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1105 | −0.056% | $2.9M | $7.5M | 50x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Coinbase International ALGO-PERP-INTX
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ALGO_USDT | +0.0100% | 8h | 0.1107 | +0.134% | $871K | $824K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1107 | +0.170% | $22.7M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTMshort | +0.0100% | 8h | 0.1106 | +0.098% | $3.5M | $1.5M | 50x | |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1105 | −0.011% | $5.5M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1106 | +0.052% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1108 | +0.242% | $60K | $142K | 75x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1105 | −0.001% | $8K | $229K | 10x | as long as short |
| Phemex ALGOUSDT | +0.0115% | 8h | 0.1108 | +0.260% | $3.8M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1107 | +0.152% | $493K | $764K | 75x | as long as short |
| Kraken Futures PF_ALGOUSDlong | +0.0265% | 1h | 0.1105 | long leg | $820K | $1.1M | 50x | |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0341% / S −0.0313% | 1h | 0.1105 | +0.030% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.5474% | 1h | 0.1107 | +0.161% | $159K | $3K | 5x | as long as short |
Gate ALGO_USDT
MEXC ALGO_USDT
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Extended ALGO-USD
Phemex ALGOUSDT
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD