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

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0109%/8h= +11.9% APRnext payment +$1.09 per $10,000 · paid last 24h +0.023%
Price spread now: KuCoin against Variational Omni+0.475%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.475% dearer against Variational Omni than usual: you sell high and buy low: +$48 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ALGO0.1081−0.0009get 0.0009% / 8h4h 45m$58K$13K
ShortKuCoin ALGOUSDTM0.10860.0100get 0.0100% / 8h4h 45m$3.3M$1.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Variational Omni. 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
$22.87
Price spread: +0.475% → 0.000%
$47.53
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$58.4
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; KuCoin: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample
Sell KuCoin live order book, 5 min ago6.00 bp99.5 bp −$100208.4 bp −$2,084doesn't fitdoesn't fit
Variational Omni: 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 exchanges

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−0.0510%1h0.1085+0.412%$784K$1.1M50xas long as short
Deribit ALGO_USDC-PERPETUAL−0.0211%1h0.1084+0.337%$85K$41K25xas long as short
Bybit ALGOUSDT−0.0151%8h0.1086+0.475%$10.4M$13.4M75xas long as short
Variational Omni ALGOlong−0.0009%8h0.1081long leg$58K$13K
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1085+0.377%$16K150xas long as short
OKX ALGO-USDT-SWAP+0.0009%8h0.1087+0.568%$2.6M$7.8M50xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+3.650%$834$233K12xas long as short
Coinbase International ALGO-PERP-INTX+0.0088%1h0.1086+0.531%$64K$176K50xas long as short
Hyperliquid ALGO+0.0100%1h0.1086+0.531%$3.3M$2.3M5xas long as short
Aster ALGOUSDT+0.0100%8h0.1085+0.396%$43K$38K5xas long as short
Show all 22 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ALGOUSDT+0.0100%8h0.1085+0.409%$9.2M$33.7M75xas long as short
Gate ALGO_USDT+0.0100%8h0.1085+0.392%$823K$874K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1085+0.364%$23.3M$3.2M200xas long as short
KuCoin ALGOUSDTMshort+0.0100%8h0.1086+0.475%$3.3M$1.3M50x
Bitget ALGOUSDT+0.0100%8h0.1087+0.596%$5.3M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1085+0.420%$3.3Mas long as short
HTX ALGO-USDT+0.0100%8h0.1085+0.429%$56K$121K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1086+0.503%$3.7M$1.7M50xas long as short
Extended ALGO-USD+0.0104%1h0.1085+0.379%$8K$307K10xas long as short
BloFin ALGO-USDT+0.0220%8h0.1085+0.448%$469K$842K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0315% / S −0.0264%1h0.1085+0.414%$6K100xas long as short
dYdX ALGO-USD+0.2257%1h0.1087+0.583%$157K$4K5xas long as short