ALCH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1544%/8h= −169.0% APRnext payment −$7.72 per $10,000 · paid last 24h −0.292%

Price spread now: Gate against BloFin−0.352%7-day average −0.277% · you buy dearer than you sell

Net, funding: paid 7d − costs−$457as in the Funding arb table

Net, price: spread back to 7d avg − costs−$420as in the Price arb table

costs, in and out, $10k−$4124.121% of the position

Long on BloFin Short on Gate

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)+0.883%+$88 · spread now −0.352%, 7d avg −0.277%

Together, before fees+0.432%+$43 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$46 a day on $10k at the current rate, and Gate is 0.074% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.277%). Swap the legs.

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 −$7.72 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	0.05403	0.1644	pay 0.0822% / 4h	3h 16m	$432K	$110K	10x
Short	Gate ALCH_USDT	0.05384	0.0100	get 0.0050% / 4h	3h 16m	$291K	$631K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now −0.352%Rate

Funding earned: −$324.19
Price spread: −0.352% → −0.277%: −$7.44
Slippage, 4 orders: −$385.09
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$743.72
Costs to cover: 4.121%
Break-even: never at this rate

Slippage from BloFin: live order book, 35 min ago; Gate: live order book, 45 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, 35 min ago	2.85 bp	23.0 bp −$23	105.6 bp −$1,056	doesn't fit	doesn't fit
Sell Gate live order book, 45 min ago	9.57 bp	164.6 bp −$165	doesn't fit	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	0.05398	−0.093%	—	$6.7M	—	as long as short
Bybit ALCHUSDT	+0.0100%	4h	0.05385	−0.333%	$3.3M	$5.5M	20x	as long as short
Gate ALCH_USDTshort	+0.0100%	4h	0.05384	−0.352%	$291K	$631K	20x
Bitget ALCHUSDT	+0.0100%	4h	0.05383	−0.370%	$986K	$1.5M	10x	as long as short
Variational Omni ALCH	+0.0100%	4h	0.05359	−0.821%	$3K	$17K	—	as long as short
Aster ALCHUSDT	+0.1446%	4h	0.05400	−0.052%	$14K	$78K	5x	as long as short
BloFin ALCH-USDTlong	+0.1644%	4h	0.05403	long leg	$432K	$110K	10x
MEXC ALCH_USDT	+0.1678%	4h	0.05383	−0.370%	$5.3M	$2.2M	100x	as long as short
Binance ALCHUSDT	+0.1679%	4h	0.05397	−0.108%	$6.6M	$25.3M	10x	as long as short
KuCoin ALCHUSDTM	+0.1748%	4h	0.05389	−0.259%	$1.3M	$250K	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	+0.1793%	1h	0.05411	+0.157%	$9K	$30K	10x	as long as short