Funding arb · Price arb /

ALGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0103%/8h= −11.3% APRpaid last 24h −0.031%

Price spread now: gTrade (Gains Network) against KuCoin+0.211%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.211% dearer against KuCoin than usual: you sell high and buy low (spread +0.211% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ALGOUSDTM	0.1118	0.0100	pay 0.0100% / 8h	7h 21m	$3.6M	$1.4M	50x
Short	gTrade (Gains Network) ALGO/USD	0.1121	L +0.0001% / S +0.0003%	pay 0.0000% / 1h	21m 44s	$6K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against KuCoin. 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

Position, each leg$Hold fordaysFee KuCoinbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.211%Rate

Funding earned: −$21.61
Price spread: +0.211% → 0.000%: $21.1
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$22.51
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 6 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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	5.82 bp	78.7 bp −$79	195.4 bp −$1,954	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_ALGOUSD	−0.0566%	1h	0.1120	+0.129%	$832K	$1.1M	50x	as long as short
Deribit ALGO_USDC-PERPETUAL	−0.0464%	1h	0.1119	+0.089%	$101K	$50K	25x	as long as short
Variational Omni ALGO	−0.0108%	8h	0.1115	−0.262%	$61K	$11K	—	as long as short
Coinbase International ALGO-PERP-INTX	−0.0104%	1h	0.1117	−0.116%	$70K	$258K	50x	as long as short
gTrade (Gains Network) ALGO/USDshort	L +0.0001% / S +0.0003%	1h	0.1121	+0.211%	$6K	—	150x
Injective ALGO/USDC PERP	+0.0033%	1h	0.1120	+0.152%	$834	$233K	12x	as long as short
Extended ALGO-USD	+0.0096%	1h	0.1119	+0.048%	$4K	$228K	10x	as long as short
MEXC ALGO_USDT	+0.0098%	8h	0.1117	−0.080%	$23.0M	$3.0M	200x	as long as short
Binance ALGOUSDT	+0.0099%	8h	0.1117	−0.098%	$9.9M	$34.5M	75x	as long as short
Hyperliquid ALGO	+0.0100%	1h	0.1119	+0.080%	$3.7M	$1.8M	5x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ALGOUSDT	+0.0100%	8h	0.1119	+0.092%	$44K	$38K	5x	as long as short
Bybit ALGOUSDT	+0.0100%	8h	0.1116	−0.179%	$11.3M	$11.8M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1116	−0.179%	$2.9M	$7.4M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	0.1120	+0.143%	$878K	$822K	50x	as long as short
KuCoin ALGOUSDTMlong	+0.0100%	8h	0.1118	long leg	$3.6M	$1.4M	50x
Bitget ALGOUSDT	+0.0100%	8h	0.1118	−0.027%	$5.6M	$3.5M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1117	−0.143%	—	$3.3M	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1120	+0.197%	$68K	$110K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	0.1121	+0.241%	$3.8M	$1.8M	50x	as long as short
BloFin ALGO-USDT	+0.0218%	8h	0.1121	+0.250%	$494K	$771K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	L +0.0342% / S −0.0351%	1h	0.1120	+0.167%	$7K	—	100x	as long as short
dYdX ALGO-USD	+0.1170%	1h	0.1118	−0.056%	$160K	$3K	5x	as long as short