Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.182%
Price spread now: BingX against Bitget+0.019%7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$164as in the Funding arb table
Net, price: spread back to 7d avg − costs−$203as in the Price arb table
costs, in and out, $10k−$1971.972% of the position
Funding, last 7 days+0.337%+$34 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now +0.019%, 7d avg +0.075%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.057% cheaper against Bitget than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.075%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.337%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ALCHUSDT | 0.05389 | 0.0100 | pay 0.0050% / 4h | 3h 20m | $989K | $1.5M | 10x |
| Short | BingX ALCH-USDT | 0.05390 | 0.0070 | get 0.0035% / 4h | 3h 20m | — | $6.7M | — |
Bitget ALCHUSDT
BingX ALCH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.3
- Price spread: +0.019% → +0.075%
- −$5.67
- Slippage, 4 orders
- −$175.22
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$209.18
- Costs to cover
- 1.972%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 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 Bitget live order book, 1 min ago | 17.70 bp | 64.7 bp −$65 | 270.2 bp −$2,702 | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 8.35 bp | 37.0 bp −$37 | 173.4 bp −$1,734 | 663.7 bp −$66.4K | 861.1 bp −$430.6K |
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-USDTshort | +0.0070% | 4h | 0.05390 | +0.019% | — | $6.7M | — | |
| Bybit ALCHUSDT | +0.0100% | 4h | 0.05379 | −0.186% | $3.3M | $5.5M | 20x | as long as short |
| Gate ALCH_USDT | +0.0100% | 4h | 0.05378 | −0.204% | $291K | $631K | 20x | as long as short |
| Bitget ALCHUSDTlong | +0.0100% | 4h | 0.05389 | long leg | $989K | $1.5M | 10x | |
| Variational Omni ALCH | +0.0100% | 4h | 0.05359 | −0.564% | $3K | $17K | — | as long as short |
| Aster ALCHUSDT | +0.1438% | 4h | 0.05389 | 0.000% | $13K | $78K | 5x | as long as short |
| Binance ALCHUSDT | +0.1676% | 4h | 0.05394 | +0.093% | $6.6M | $25.3M | 10x | as long as short |
| MEXC ALCH_USDT | +0.1682% | 4h | 0.05386 | −0.056% | $5.3M | $2.2M | 100x | as long as short |
| KuCoin ALCHUSDTM | +0.1718% | 4h | 0.05370 | −0.353% | $1.3M | $249K | 10x | as long as short |
| BloFin ALCH-USDT | +0.1729% | 4h | 0.05388 | −0.019% | $434K | $110K | 10x | as long as short |
Bybit ALCHUSDT
Gate ALCH_USDT
Variational Omni ALCH
Aster ALCHUSDT
Binance ALCHUSDT
MEXC ALCH_USDT
KuCoin ALCHUSDTM
BloFin ALCH-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALCHUSD | +0.1801% | 1h | 0.05388 | −0.010% | $9K | $30K | 10x | as long as short |
Kraken Futures PF_ALCHUSD