ALCH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1075%/8h= +117.7% APRnext payment +$5.37 per $10,000 · paid last 24h +0.292%

Price spread now: BloFin against Gate−0.039%48s7-day average +0.273% · you buy dearer than you sell

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

Long on Gate Short on BloFin

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)−0.387%−$39 · spread now −0.039%, 7d avg +0.273%

Together, before fees+0.064%+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.312% cheaper against Gate than usual: you would sell low and buy high (spread −0.039% now, against its 7-day average of +0.273%). If the spread goes back, that is −$31 on $10k: about 23 hours of funding at the current rate (+$32 a day). At the pace of the last 7 days (+0.451% in total) that is about 4.8 days. The two prices were read 48 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 +$5.37 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	0.05139	0.0278	pay 0.0139% / 4h	1h 42m	$284K	$665K	20x
Short	BloFin ALCH-USDT	0.05137	0.1353	get 0.0676% / 4h	1h 42m	$399K	$112K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now −0.039%Rate

Funding earned: $225.73
Price spread: −0.039% → +0.273%: −$31.21
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: $167.51
Costs to cover: 0.270%
Break-even: 1.8 days

Slippage unknown: Gate: live order book, 10 min ago; BloFin: no order-book sample. 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 Gate live order book, 10 min ago	15.62 bp	201.0 bp −$201	doesn't fit	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

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	0.05136	−0.058%	$3.0M	$6.0M	20x	as long as short
Bitget ALCHUSDT	+0.0100%	4h	0.05139	0.000%	$923K	$1.8M	10x	as long as short
Variational Omni ALCH	+0.0100%	4h	0.05117	−0.436%	$3K	$17K	—	as long as short
Gate ALCH_USDTlong	+0.0278%	4h	0.05139	long leg	$284K	$665K	20x
BingX ALCH-USDT	+0.1262%	4h	0.05140	+0.019%	—	$6.7M	—	as long as short
Aster ALCHUSDT	+0.1265%	4h	0.05144	+0.105%	$13K	$101K	5x	as long as short
MEXC ALCH_USDT	+0.1326%	4h	0.05140	+0.019%	$4.9M	$2.4M	100x	as long as short
Binance ALCHUSDT	+0.1337%	4h	0.05139	0.000%	$6.1M	$27.1M	10x	as long as short
BloFin ALCH-USDTshort	+0.1353%	4h	0.05137	−0.039%	$399K	$112K	10x
KuCoin ALCHUSDTM	+0.1550%	4h	0.05127	−0.234%	$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	+0.3859%	1h	0.05133	−0.120%	$11K	$32K	10x	as long as short