ALCH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1302%/8h= +142.6% APRnext payment +$6.51 per $10,000 · paid last 24h +0.077%

Price spread now: KuCoin against Gate−0.293%7-day average +0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$739as in the Funding arb table

Net, price: spread back to 7d avg − costs−$796as in the Price arb table

costs, in and out, $10k−$7627.618% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.227%+$23 on $10k

Price spread, last 4 days (all we have)+0.377%+$38 · spread now −0.293%, 7d avg +0.045%

Together, before fees+0.605%+$60 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.338% cheaper against Gate than usual: you would sell low and buy high (spread −0.293% now, against its 7-day average of +0.045%). If the spread goes back, that is −$34 on $10k: about 21 hours of funding at the current rate (+$39 a day). At the pace of the last 7 days (+0.227% in total) that is about 10 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.227% in total (about 11.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.51 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	0.05120	0.0246	pay 0.0123% / 4h	1h 39m	$283K	$665K	20x
Short	KuCoin ALCHUSDTM	0.05105	0.1548	get 0.0774% / 4h	1h 39m	$1.2M	$276K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.293%Rate

Funding earned: $273.42
Price spread: −0.293% → +0.045%: −$33.82
Slippage, 4 orders: −$734.82
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$522.22
Costs to cover: 7.618%
Break-even: 20.4 days

Slippage from Gate: live order book, 12 min ago; KuCoin: live order book, 6 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, 12 min ago	15.62 bp	201.0 bp −$201	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	19.51 bp	179.4 bp −$179	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	0.05112	−0.156%	$3.0M	$6.0M	20x	as long as short
Bitget ALCHUSDT	+0.0100%	4h	0.05117	−0.059%	$919K	$1.8M	10x	as long as short
Variational Omni ALCH	+0.0100%	4h	0.05114	−0.117%	$3K	$17K	—	as long as short
Gate ALCH_USDTlong	+0.0246%	4h	0.05120	long leg	$283K	$665K	20x
Aster ALCHUSDT	+0.1248%	4h	0.05127	+0.134%	$12K	$101K	5x	as long as short
BingX ALCH-USDT	+0.1262%	4h	0.05116	−0.078%	—	$6.7M	—	as long as short
Binance ALCHUSDT	+0.1320%	4h	0.05116	−0.077%	$6.1M	$27.1M	10x	as long as short
MEXC ALCH_USDT	+0.1340%	4h	0.05115	−0.098%	$4.9M	$2.4M	100x	as long as short
BloFin ALCH-USDT	+0.1368%	4h	0.05135	+0.293%	$398K	$112K	10x	as long as short
KuCoin ALCHUSDTMshort	+0.1548%	4h	0.05105	−0.293%	$1.2M	$276K	10x

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ALCHUSD	+0.3870%	1h	0.05118	−0.046%	$11K	$32K	10x	as long as short