ALCH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1304%/8h= −142.8% APRnext payment −$6.52 per $10,000 · paid last 24h −0.077%

Price spread now: Bitget against KuCoin−0.373%7-day average +0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$579as in the Funding arb table

Net, price: spread back to 7d avg − costs−$598as in the Price arb table

costs, in and out, $10k−$5575.565% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.452%+$45 · spread now −0.373%, 7d avg +0.040%

Together, before fees+0.225%+$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$39 a day on $10k at the current rate, and Bitget is 0.414% cheaper against KuCoin than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of +0.040%). Swap the legs.

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 −$6.52 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	KuCoin ALCHUSDTM	0.05092	0.1404	pay 0.0702% / 4h	3h 59m	$1.2M	$272K	10x
Short	Bitget ALCHUSDT	0.05073	0.0100	get 0.0050% / 4h	3h 59m	$894K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now −0.373%Rate

Funding earned: −$273.84
Price spread: −0.373% → +0.040%: −$41.35
Slippage, 4 orders: −$532.53
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$871.72
Costs to cover: 5.565%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Bitget: live order book, 3 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 KuCoin live order book, 6 min ago	28.59 bp	306.3 bp −$306	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	12.78 bp	43.4 bp −$43	182.8 bp −$1,828	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	0.05073	−0.373%	$3.0M	$6.2M	20x	as long as short
Gate ALCH_USDT	+0.0100%	4h	0.05091	−0.020%	$291K	$690K	20x	as long as short
Bitget ALCHUSDTshort	+0.0100%	4h	0.05073	−0.373%	$894K	$1.8M	10x
Variational Omni ALCH	+0.0100%	4h	0.05080	−0.233%	$3K	$17K	—	as long as short
Aster ALCHUSDT	+0.0761%	4h	0.05083	−0.177%	$12K	$109K	5x	as long as short
BingX ALCH-USDT	+0.0780%	4h	0.05074	−0.353%	—	$6.8M	—	as long as short
MEXC ALCH_USDT	+0.0822%	4h	0.05066	−0.511%	$4.9M	$2.4M	100x	as long as short
Binance ALCHUSDT	+0.0831%	4h	0.05077	−0.295%	$6.0M	$27.5M	10x	as long as short
BloFin ALCH-USDT	+0.0857%	4h	0.05077	−0.295%	$396K	$113K	10x	as long as short
KuCoin ALCHUSDTMlong	+0.1404%	4h	0.05092	long leg	$1.2M	$272K	10x

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ALCHUSD	+0.3089%	1h	0.05076	−0.306%	$12K	$34K	10x	as long as short