ALCH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0982%/8h= +107.5% APRnext payment +$4.91 per $10,000 · paid last 24h +0.182%

Price spread now: BingX against Gate−0.058%7-day average +0.199% · you buy dearer than you sell

Net, funding: paid 7d − costs−$446as in the Funding arb table

Net, price: spread back to 7d avg − costs−$506as in the Price arb table

costs, in and out, $10k−$4804.801% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.337%+$34 on $10k

Price spread, last 4 days (all we have)+0.283%+$28 · spread now −0.058%, 7d avg +0.199%

Together, before fees+0.620%+$62 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.257% cheaper against Gate than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of +0.199%). If the spread goes back, that is −$26 on $10k: about 21 hours of funding at the current rate (+$29 a day). At the pace of the last 7 days (+0.337% in total) that is about 5.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.337% in total (about 17.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.91 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	Gate ALCH_USDT	0.05134	0.0260	pay 0.0130% / 4h	1h 44m	$284K	$665K	20x
Short	BingX ALCH-USDT	0.05131	0.1242	get 0.0621% / 4h	1h 44m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now −0.058%Rate

Funding earned: $206.22
Price spread: −0.058% → +0.199%: −$25.71
Slippage, 4 orders: −$455.09
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$299.58
Costs to cover: 4.801%
Break-even: 17.2 days

Slippage from Gate: live order book, 7 min ago; BingX: live order book, 7 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 Gate live order book, 7 min ago	15.62 bp	201.0 bp −$201	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	6.85 bp	55.5 bp −$56	289.2 bp −$2,892	724.4 bp −$72.4K	878.3 bp −$439.1K

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	−0.292%	$3.0M	$6.0M	20x	as long as short
Bitget ALCHUSDT	+0.0100%	4h	0.05134	0.000%	$921K	$1.8M	10x	as long as short
Variational Omni ALCH	+0.0100%	4h	0.05117	−0.339%	$3K	$17K	—	as long as short
Gate ALCH_USDTlong	+0.0260%	4h	0.05134	long leg	$284K	$665K	20x
BingX ALCH-USDTshort	+0.1242%	4h	0.05131	−0.058%	—	$6.7M	—
Aster ALCHUSDT	+0.1251%	4h	0.05140	+0.116%	$13K	$100K	5x	as long as short
Binance ALCHUSDT	+0.1328%	4h	0.05130	−0.083%	$6.1M	$27.1M	10x	as long as short
MEXC ALCH_USDT	+0.1330%	4h	0.05135	+0.019%	$4.9M	$2.4M	100x	as long as short
BloFin ALCH-USDT	+0.1344%	4h	0.05138	+0.078%	$399K	$112K	10x	as long as short
KuCoin ALCHUSDTM	+0.1536%	4h	0.05116	−0.351%	$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	+0.3854%	1h	0.05139	+0.104%	$11K	$32K	10x	as long as short