ALCH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0367%/8h= +40.2% APRnext payment +$1.83 per $10,000 · paid last 24h −0.104%

Price spread now: KuCoin against BloFin−0.486%7-day average −0.241% · you buy dearer than you sell

Net, funding: paid 7d − costs−$595as in the Funding arb table

Net, price: spread back to 7d avg − costs−$605as in the Price arb table

costs, in and out, $10k−$5805.800% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.154%−$15 on $10k

Price spread, last 4 days (all we have)+1.761%+$176 · spread now −0.486%, 7d avg −0.241%

Together, before fees+1.607%+$161 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.245% cheaper against BloFin than usual: you would sell low and buy high (spread −0.486% now, against its 7-day average of −0.241%). If the spread goes back, that is −$25 on $10k: about 2.2 days of funding at the current rate (+$11 a day). Mind the row above: over the last 7 days funding on this pair cost −0.154%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.154% in total (about -8.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.83 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	0.05140	0.0749	pay 0.0375% / 4h	2h 50m	$392K	$116K	10x
Short	KuCoin ALCHUSDTM	0.05115	0.1116	get 0.0558% / 4h	2h 50m	$1.2M	$281K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.486%Rate

Funding earned: $77.06
Price spread: −0.486% → −0.241%: −$24.55
Slippage, 4 orders: −$555.96
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$527.45
Costs to cover: 5.800%
Break-even: 54.9 days

Slippage from BloFin: live order book, 40 min ago; KuCoin: live order book, 9 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, 40 min ago	5.95 bp	34.3 bp −$34	165.2 bp −$1,652	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	0.98 bp	168.1 bp −$168	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
Bybit ALCHUSDT	+0.0100%	4h	0.05119	−0.409%	$2.9M	$6.3M	20x	as long as short
Bitget ALCHUSDT	+0.0100%	4h	0.05127	−0.253%	$904K	$1.9M	10x	as long as short
Variational Omni ALCH	+0.0100%	4h	0.05126	−0.280%	$4K	$18K	—	as long as short
Gate ALCH_USDT	+0.0256%	4h	0.05134	−0.117%	$291K	$712K	20x	as long as short
Aster ALCHUSDT	+0.0622%	4h	0.05134	−0.126%	$12K	$114K	5x	as long as short
BingX ALCH-USDT	+0.0672%	4h	0.05126	−0.272%	—	$6.7M	—	as long as short
MEXC ALCH_USDT	+0.0732%	4h	0.05132	−0.156%	$5.0M	$2.5M	100x	as long as short
Binance ALCHUSDT	+0.0741%	4h	0.05127	−0.244%	$6.0M	$27.9M	10x	as long as short
BloFin ALCH-USDTlong	+0.0749%	4h	0.05140	long leg	$392K	$116K	10x
KuCoin ALCHUSDTMshort	+0.1116%	4h	0.05115	−0.486%	$1.2M	$281K	10x

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ALCHUSD	+0.3360%	1h	0.05118	−0.426%	$13K	$34K	10x	as long as short