Funding you earn now, next payment 05:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h −0.030%
Price spread now: Coinbase International against KuCoin+0.552%7-day average −0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$1561.562% of the position
Funding, last 7 days−0.240%−$24 on $10k
+Price spread, last 4 days (all we have)−0.682%−$68 · spread now +0.552%, 7d avg −0.061%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.613% dearer against KuCoin than usual: you sell high and buy low: +$61 more if the spread goes back to its 7-day average of −0.061%. Mind the row above: over the last 7 days funding on this pair cost −0.240%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ALGOUSDTM | 0.1087 | 0.0100 | pay 0.0100% / 8h | 2h 26m | $3.4M | $1.5M | 50x |
| Short | Coinbase International ALGO-PERP-INTX | 0.1093 | 0.0144 | get 0.0018% / 1h | 26m 40s | $62K | $289K | 50x |
KuCoin ALGOUSDTM
Coinbase International ALGO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against KuCoin. 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
- $9.24
- Price spread: +0.552% → −0.061%
- $61.31
- Slippage, 4 orders
- −$134.24
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$85.69
- Costs to cover
- 1.562%
- Break-even
- 71.9 days
Slippage from KuCoin: live order book, 6 min ago; Coinbase International: live order book, 21 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 KuCoin live order book, 6 min ago | 8.25 bp | 73.9 bp −$74 | 246.5 bp −$2,465 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 21 min ago | 9.07 bp | 15.0 bp −$15 | 21.4 bp −$214 | 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 | −0.0302% | 1h | 0.1087 | +0.028% | $86K | $44K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1088 | +0.101% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +3.055% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1087 | +0.037% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1088 | +0.113% | $43K | $37K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1087 | +0.037% | $9.3M | $35.0M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1086 | −0.046% | $10.8M | $12.7M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1088 | +0.083% | $2.6M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1086 | −0.092% | $830K | $926K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1087 | +0.046% | $22.5M | $3.2M | 200x | as long as short |
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ALGOUSDTMlong | +0.0100% | 8h | 0.1087 | long leg | $3.4M | $1.5M | 50x | |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1087 | +0.018% | $5.4M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1087 | +0.028% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1090 | +0.265% | $60K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1091 | +0.350% | $59K | $135K | 75x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1087 | −0.015% | $7K | $196K | 10x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0114% | 1h | 0.1088 | +0.075% | $817K | $1.1M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTXshort | +0.0144% | 1h | 0.1093 | +0.552% | $62K | $289K | 50x | |
| Phemex ALGOUSDT | +0.0145% | 8h | 0.1089 | +0.202% | $3.7M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1088 | +0.101% | $468K | $864K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0316% / S −0.0264% | 1h | 0.1088 | +0.131% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1679% | 1h | 0.1087 | +0.010% | $157K | $5K | 5x | as long as short |
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Extended ALGO-USD
Kraken Futures PF_ALGOUSD
Phemex ALGOUSDT
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD