Settings8H · net · $10k
Funding arb · Price arb /

ALCH

all ALCH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Gate−0.059%7-day average +0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$486as in the Funding arb table
Net, price: spread back to 7d avg − costs−$500as in the Price arb table
costs, in and out, $10k−$4864.861% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.831%−$83 · spread now −0.059%, 7d avg +0.076%
Together, before fees−0.831%−$83 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.135% cheaper against Gate than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.076%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ALCH_USDT0.050790.0100pay 0.0050% / 4h5m 07s$289K$689K20x
ShortBybit ALCHUSDT0.050760.0100get 0.0050% / 4h5m 07s$3.0M$6.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: −0.059% → +0.076%
−$13.54
Slippage, 4 orders
−$460.13
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$499.68
Costs to cover
4.861%
Break-even
never at this rate
Slippage from Gate: live order book, 42 min ago; Bybit: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 42 min ago12.65 bp174.3 bp −$174doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago4.93 bp80.0 bp −$80314.1 bp −$3,141doesn't fitdoesn't fit

ALCH on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ALCHUSDTshort+0.0100%4h0.05076−0.059%$3.0M$6.2M20x
Gate ALCH_USDTlong+0.0100%4h0.05079long leg$289K$689K20x
Bitget ALCHUSDT+0.0100%4h0.05071−0.158%$902K$1.8M10xas long as short
Variational Omni ALCH+0.0100%4h0.05084+0.101%$3K$17Kas long as short
Aster ALCHUSDT+0.0763%4h0.05089+0.193%$12K$109K5xas long as short
BingX ALCH-USDT+0.0763%4h0.05072−0.138%$6.7Mas long as short
MEXC ALCH_USDT+0.0816%4h0.05077−0.039%$4.9M$2.4M100xas long as short
Binance ALCHUSDT+0.0816%4h0.05073−0.117%$6.0M$27.5M10xas long as short
BloFin ALCH-USDT+0.0824%4h0.05075−0.079%$394K$113K10xas long as short
KuCoin ALCHUSDTM+0.1420%4h0.05065−0.276%$1.2M$272K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ALCHUSD+0.3946%1h0.05074−0.104%$12K$34K10xas long as short