ALCH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1391%/8h= −152.3% APRnext payment −$6.96 per $10,000 · paid last 24h −0.113%

Price spread now: BingX against Binance+0.084%7-day average −0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$194as in the Funding arb table

Net, price: spread back to 7d avg − costs−$169as in the Price arb table

costs, in and out, $10k−$1831.833% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.110%−$11 on $10k

Price spread, last 7 days−0.112%−$11 · spread now +0.084%, 7d avg −0.056%

Together, before fees−0.222%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.140% dearer against Binance than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of −0.056%): +$14 on $10k if it goes back. Holding the pair costs −$42 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.110% in total) that is about 8.9 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.110% in total (about -5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.96 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ALCHUSDT	0.05424	0.1461	pay 0.0731% / 4h	2h 30m	$6.6M	$25.8M	10x
Short	BingX ALCH-USDT	0.05429	0.0070	get 0.0035% / 4h	2h 30m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$292.16
Price spread: +0.084% → −0.056%: $14.05
Slippage, 4 orders: −$163.32
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$461.44
Costs to cover: 1.833%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; BingX: live order book, 2 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 Binance live order book, 10 min ago	5.65 bp	48.9 bp −$49	311.9 bp −$3,119	857.7 bp −$85.8K	doesn't fit
Sell BingX live order book, 2 min ago	9.21 bp	42.4 bp −$42	198.9 bp −$1,989	665.8 bp −$66.6K	861.1 bp −$430.6K

ALCH on 10 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
BingX ALCH-USDTshort	+0.0070%	4h	0.05429	+0.084%	—	$6.7M	—
Bybit ALCHUSDT	+0.0100%	4h	0.05400	−0.450%	$3.3M	$5.6M	20x	as long as short
Gate ALCH_USDT	+0.0100%	4h	0.05438	+0.250%	$295K	$635K	20x	as long as short
Bitget ALCHUSDT	+0.0100%	4h	0.05421	−0.063%	$1.0M	$1.5M	10x	as long as short
Variational Omni ALCH	+0.0100%	4h	0.05428	+0.059%	$3K	$17K	—	as long as short
Aster ALCHUSDT	+0.1373%	4h	0.05430	+0.103%	$13K	$85K	5x	as long as short
Binance ALCHUSDTlong	+0.1461%	4h	0.05424	long leg	$6.6M	$25.8M	10x
MEXC ALCH_USDT	+0.1480%	4h	0.05424	−0.008%	$5.2M	$2.3M	100x	as long as short
KuCoin ALCHUSDTM	+0.1734%	4h	0.05425	+0.010%	$1.3M	$254K	10x	as long as short
Kraken Futures PF_ALCHUSD	+0.4162%	1h	0.05427	+0.053%	$10K	$28K	10x	as long as short