ALCH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1576%/8h= −172.6% APRnext payment −$7.88 per $10,000 · paid last 24h −0.295%

Price spread now: Bitget against Binance−0.048%7-day average −0.150% · you buy dearer than you sell

Net, funding: paid 7d − costs−$227as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1821.825% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.447%−$45 on $10k

Price spread, last 4 days (all we have)+0.406%+$41 · spread now −0.048%, 7d avg −0.150%

Together, before fees−0.041%−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.102% dearer against Binance than usual: you sell high and buy low (spread −0.048% now, against its 7-day average of −0.150%): +$10 on $10k if it goes back. Holding the pair costs −$47 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.447% in total) that is about 38 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.447% in total (about -23.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.88 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	0.05387	0.1676	pay 0.0838% / 4h	3h 19m	$6.6M	$25.3M	10x
Short	Bitget ALCHUSDT	0.05384	0.0100	get 0.0050% / 4h	3h 19m	$988K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$331
Price spread: −0.048% → −0.150%: $10.17
Slippage, 4 orders: −$160.49
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$503.32
Costs to cover: 1.825%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Bitget: 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, 7 min ago	4.67 bp	40.3 bp −$40	307.8 bp −$3,078	781.4 bp −$78.1K	doesn't fit
Sell Bitget live order book, 2 min ago	17.70 bp	40.2 bp −$40	174.5 bp −$1,745	doesn't fit	doesn't fit

ALCH on 11 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-USDT	+0.0070%	4h	0.05384	−0.048%	—	$6.7M	—	as long as short
Bybit ALCHUSDT	+0.0100%	4h	0.05367	−0.364%	$3.3M	$5.5M	20x	as long as short
Gate ALCH_USDT	+0.0100%	4h	0.05383	−0.067%	$291K	$631K	20x	as long as short
Bitget ALCHUSDTshort	+0.0100%	4h	0.05384	−0.048%	$988K	$1.5M	10x
Variational Omni ALCH	+0.0100%	4h	0.05359	−0.519%	$3K	$17K	—	as long as short
Aster ALCHUSDT	+0.1431%	4h	0.05389	+0.045%	$13K	$78K	5x	as long as short
MEXC ALCH_USDT	+0.1676%	4h	0.05396	+0.175%	$5.3M	$2.2M	100x	as long as short
Binance ALCHUSDTlong	+0.1676%	4h	0.05387	long leg	$6.6M	$25.3M	10x
BloFin ALCH-USDT	+0.1719%	4h	0.05385	−0.030%	$430K	$110K	10x	as long as short
KuCoin ALCHUSDTM	+0.1722%	4h	0.05383	−0.067%	$1.3M	$249K	10x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ALCHUSD	+0.1803%	1h	0.05381	−0.098%	$9K	$30K	10x	as long as short