ALCH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1253%/8h= −137.2% APRnext payment −$6.26 per $10,000 · paid last 24h −0.292%

Price spread now: Bitget against BloFin+0.039%45s7-day average −0.150% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.451%−$45 on $10k

Price spread, last 3 days (all we have)+0.493%+$49 · spread now +0.039%, 7d avg −0.150%

Together, before fees+0.043%+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.189% dearer against BloFin than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of −0.150%): +$19 on $10k if it goes back. Holding the pair costs −$38 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.451% in total) that is about 2.9 days. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.451% in total (about -23.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.26 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	BloFin ALCH-USDT	0.05137	0.1353	pay 0.0676% / 4h	1h 42m	$399K	$112K	10x
Short	Bitget ALCHUSDT	0.05139	0.0100	get 0.0050% / 4h	1h 42m	$923K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee BitgetbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$263.11
Price spread: +0.039% → −0.150%: $18.88
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$268.23
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: BloFin: no order-book sample; Bitget: live order book, 4 min ago. Net counts fees only.

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 BloFin no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	8.77 bp	66.2 bp −$66	255.1 bp −$2,551	doesn't fit	doesn't fit

BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 ALCHUSDT	+0.0100%	4h	0.05138	+0.019%	$3.1M	$6.0M	20x	as long as short
Bitget ALCHUSDTshort	+0.0100%	4h	0.05139	+0.039%	$923K	$1.8M	10x
Variational Omni ALCH	+0.0100%	4h	0.05117	−0.397%	$3K	$17K	—	as long as short
Gate ALCH_USDT	+0.0278%	4h	0.05137	0.000%	$284K	$665K	20x	as long as short
BingX ALCH-USDT	+0.1242%	4h	0.05141	+0.078%	—	$6.7M	—	as long as short
Aster ALCHUSDT	+0.1265%	4h	0.05141	+0.086%	$13K	$101K	5x	as long as short
MEXC ALCH_USDT	+0.1326%	4h	0.05140	+0.058%	$4.9M	$2.4M	100x	as long as short
Binance ALCHUSDT	+0.1337%	4h	0.05144	+0.128%	$6.1M	$27.1M	10x	as long as short
BloFin ALCH-USDTlong	+0.1353%	4h	0.05137	long leg	$399K	$112K	10x
KuCoin ALCHUSDTM	+0.1550%	4h	0.05127	−0.195%	$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	+0.031%	$11K	$32K	10x	as long as short