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

ALCH

all ALCH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.055%
Price spread now: BloFin against Aster−0.094%7-day average +0.104% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$438as in the Price arb table
costs, in and out, $10k−$4184.184% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.130%+$13 on $10k
Price spread, last 4 days (all we have)−1.811%−$181 · spread now −0.094%, 7d avg +0.104%
Together, before fees−1.681%+ Points / potential airdropAster: Stage 5 · farm board−$168 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.198% cheaper against Aster than usual: you would sell low and buy high (spread −0.094% now, against its 7-day average of +0.104%). If the spread goes back, that is −$20 on $10k: about 22 days of funding at the current rate (+$1 a day). At the pace of the last 5 days (+0.130% in total) that is about 8.4 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ALCHUSDT0.050820.0767pay 0.0384% / 4h3m 11s$12K$109K5x
ShortBloFin ALCH-USDT0.050770.0797get 0.0399% / 4h3m 11s$394K$113K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Aster. 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
$6.24
Price spread: −0.094% → +0.104%
−$19.83
Slippage, 4 orders
−$398.37
Fee Aster: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$431.95
Costs to cover
4.184%
Break-even
491.2 days
Slippage from Aster: live order book, 53 min ago; BloFin: live order book, 32 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 Aster live order book, 53 min ago22.38 bp175.7 bp −$176doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 32 min ago3.91 bp26.6 bp −$27114.4 bp −$1,144doesn't fitdoesn't fit

ALCH on 11 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
Bybit ALCHUSDT+0.0100%4h0.05074−0.153%$3.0M$6.2M20xas long as short
Gate ALCH_USDT+0.0100%4h0.05080−0.035%$289K$689K20xas long as short
Bitget ALCHUSDT+0.0100%4h0.05071−0.212%$901K$1.8M10xas long as short
Variational Omni ALCH+0.0100%4h0.05084+0.046%$3K$17Kas long as short
BingX ALCH-USDT+0.0762%4h0.05073−0.173%$6.7Mas long as short
Aster ALCHUSDTlong+0.0767%4h0.05082long leg$12K$109K5x
BloFin ALCH-USDTshort+0.0797%4h0.05077−0.094%$394K$113K10x
MEXC ALCH_USDT+0.0820%4h0.05078−0.074%$4.9M$2.4M100xas long as short
Binance ALCHUSDT+0.0831%4h0.05075−0.131%$6.0M$27.5M10xas long as short
KuCoin ALCHUSDTM+0.1422%4h0.05065−0.330%$1.2M$272K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ALCHUSD+0.3949%1h0.05070−0.233%$12K$34K10xas long as short