ALCH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0868%/8h= −95.0% APRnext payment −$4.34 per $10,000 · paid last 24h −0.292%

Price spread now: Bybit against BloFin+0.078%7-day average −0.184% · you sell dearer than you buy

Net, funding: paid 7d − costs−$285as in the Funding arb table

Net, price: spread back to 7d avg − costs−$214as in the Price arb table

costs, in and out, $10k−$2402.397% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+1.738%+$174 · spread now +0.078%, 7d avg −0.184%

Together, before fees+1.287%+$129 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.262% dearer against BloFin than usual: you sell high and buy low (spread +0.078% now, against its 7-day average of −0.184%): +$26 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.451% in total) that is about 4.1 days.

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 −$4.34 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	0.05126	0.0968	pay 0.0484% / 4h	51m 23s	$404K	$113K	10x
Short	Bybit ALCHUSDT	0.05130	0.0100	get 0.0050% / 4h	51m 23s	$3.0M	$6.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.078%Rate

Funding earned: −$182.26
Price spread: +0.078% → −0.184%: $26.19
Slippage, 4 orders: −$216.73
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$395.8
Costs to cover: 2.397%
Break-even: never at this rate

Slippage from BloFin: live order book, 49 min ago; Bybit: live order book, 1 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 BloFin live order book, 49 min ago	19.51 bp	48.0 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	5.85 bp	70.9 bp −$71	454.5 bp −$4,545	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	0.05130	+0.078%	$3.0M	$6.1M	20x
Gate ALCH_USDT	+0.0100%	4h	0.05136	+0.195%	$290K	$684K	20x	as long as short
Bitget ALCHUSDT	+0.0100%	4h	0.05142	+0.312%	$947K	$1.8M	10x	as long as short
Variational Omni ALCH	+0.0100%	4h	0.05142	+0.305%	$3K	$17K	—	as long as short
Aster ALCHUSDT	+0.0957%	4h	0.05137	+0.215%	$13K	$106K	5x	as long as short
BloFin ALCH-USDTlong	+0.0968%	4h	0.05126	long leg	$404K	$113K	10x
BingX ALCH-USDT	+0.0984%	4h	0.05133	+0.137%	—	$6.7M	—	as long as short
Binance ALCHUSDT	+0.0993%	4h	0.05137	+0.215%	$6.1M	$27.3M	10x	as long as short
MEXC ALCH_USDT	+0.1000%	4h	0.05133	+0.137%	$4.9M	$2.4M	100x	as long as short
KuCoin ALCHUSDTM	+0.1282%	4h	0.05128	+0.039%	$1.2M	$274K	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	+0.3902%	1h	0.05132	+0.117%	$12K	$33K	10x	as long as short