ALCH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1227%/8h= −134.3% APRnext payment −$6.13 per $10,000 · paid last 24h −0.295%

Price spread now: Bybit against Binance−0.214%7-day average −0.124% · you buy dearer than you sell

Net, funding: paid 7d − costs−$282as in the Funding arb table

Net, price: spread back to 7d avg − costs−$246as in the Price arb table

costs, in and out, $10k−$2372.375% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.205%+$20 · spread now −0.214%, 7d avg −0.124%

Together, before fees−0.242%−$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$37 a day on $10k at the current rate, and Bybit is 0.090% cheaper against Binance than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.124%). Swap the legs.

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 −$6.13 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	0.05144	0.1327	pay 0.0663% / 4h	1h 43m	$6.1M	$27.1M	10x
Short	Bybit ALCHUSDT	0.05133	0.0100	get 0.0050% / 4h	1h 43m	$3.0M	$6.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.214%Rate

Funding earned: −$257.64
Price spread: −0.214% → −0.124%: −$9.01
Slippage, 4 orders: −$216.47
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$504.12
Costs to cover: 2.375%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Bybit: live order book, 5 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, 13 min ago	2.96 bp	33.6 bp −$34	312.1 bp −$3,121	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	5.86 bp	60.9 bp −$61	375.9 bp −$3,759	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
Bybit ALCHUSDTshort	+0.0100%	4h	0.05133	−0.214%	$3.0M	$6.0M	20x
Bitget ALCHUSDT	+0.0100%	4h	0.05139	−0.097%	$923K	$1.8M	10x	as long as short
Variational Omni ALCH	+0.0100%	4h	0.05117	−0.533%	$3K	$17K	—	as long as short
Gate ALCH_USDT	+0.0286%	4h	0.05138	−0.117%	$284K	$665K	20x	as long as short
BingX ALCH-USDT	+0.1242%	4h	0.05139	−0.097%	—	$6.7M	—	as long as short
Aster ALCHUSDT	+0.1251%	4h	0.05146	+0.033%	$13K	$101K	5x	as long as short
MEXC ALCH_USDT	+0.1326%	4h	0.05143	−0.019%	$4.9M	$2.4M	100x	as long as short
Binance ALCHUSDTlong	+0.1327%	4h	0.05144	long leg	$6.1M	$27.1M	10x
BloFin ALCH-USDT	+0.1353%	4h	0.05137	−0.136%	$399K	$112K	10x	as long as short
KuCoin ALCHUSDTM	+0.1548%	4h	0.05130	−0.272%	$1.2M	$276K	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	+0.3855%	1h	0.05139	−0.105%	$11K	$32K	10x	as long as short