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

ALGO

all ALGO markets
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: MEXC against KuCoin+0.054%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1491.488% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.089%+$9 on $10k
Price spread, last 7 days−0.057%−$6 · spread now +0.054%, 7d avg −0.020%
Together, before fees+0.032%+$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: MEXC is 0.074% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ALGOUSDTM0.11110.0100pay 0.0100% / 8h35m 01s$3.5M$1.4M50x
ShortMEXC ALGO_USDT0.11120.0100get 0.0100% / 8h35m 01s$23.4M$3.2M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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

Funding earned
$0
Price spread: +0.054% → −0.020%
$7.45
Slippage, 4 orders
−$136.8
Fee KuCoin: 6 bp × 2 orders
−$12
Fee MEXC: 0 bp × 2 orders
$0
Net
−$141.35
Costs to cover
1.488%
Break-even
never at this rate
Slippage from KuCoin: live order book, 2 min ago; MEXC: 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 KuCoin live order book, 2 min ago6.31 bp45.1 bp −$45267.0 bp −$2,670doesn't fitdoesn't fit
Sell MEXC live order book, 4 min ago0.90 bp7.4 bp −$726.9 bp −$269471.2 bp −$47.1Kdoesn'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−0.0265%1h0.1112+0.060%$829K$1.1M50xas long as short
Deribit ALGO_USDC-PERPETUAL−0.0200%1h0.1111−0.027%$87K$46K25xas long as short
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1111+0.036%$16K150xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+0.801%$834$233K12xas long as short
Hyperliquid ALGO+0.0100%1h0.1112+0.108%$3.4M$2.3M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1113+0.139%$44K$37K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1112+0.051%$9.5M$34.4M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.11110.000%$11.3M$13.0M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1111+0.018%$2.7M$7.8M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1110−0.054%$836K$951K50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ALGO_USDTshort+0.0100%8h0.1112+0.054%$23.4M$3.2M200x
KuCoin ALGOUSDTMlong+0.0100%8h0.1111long leg$3.5M$1.4M50x
Bitget ALGOUSDT+0.0100%8h0.1112+0.081%$5.5M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1111−0.009%$3.4Mas long as short
Variational Omni ALGO+0.0100%8h0.1110−0.114%$61K$12Kas long as short
HTX ALGO-USDT+0.0100%8h0.1112+0.045%$58K$137K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1113+0.171%$3.7M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1111+0.024%$5K$193K10xas long as short
Coinbase International ALGO-PERP-INTX+0.0144%1h0.1111+0.009%$63K$193K50xas long as short
BloFin ALGO-USDT+0.0220%8h0.1111−0.009%$474K$875K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0319% / S −0.0264%1h0.1112+0.048%$6K100xas long as short
dYdX ALGO-USD+0.0959%1h0.1112+0.065%$160K$5K5xas long as short