ALCH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0348%/8h= −38.1% APRnext payment −$1.74 per $10,000 · paid last 24h +0.104%

Price spread now: BloFin against KuCoin+0.273%110s7-day average +0.241% · you sell dearer than you buy

Net, funding: paid 7d − costs−$565as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$5805.800% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.154%+$15 on $10k

Price spread, last 4 days (all we have)−1.547%−$155 · spread now +0.273%, 7d avg +0.241%

Together, before fees−1.393%−$139 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.032% dearer against KuCoin than usual: you sell high and buy low (spread +0.273% now, against its 7-day average of +0.241%): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 7 hours. Mind the row above: over the last 7 days funding on this pair paid +0.154%, so the current rate has only just turned against you. The two prices were read 110 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 0.154% in total (about 8.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.74 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	0.05123	0.1116	pay 0.0558% / 4h	2h 51m	$1.2M	$281K	10x
Short	BloFin ALCH-USDT	0.05137	0.0768	get 0.0384% / 4h	2h 51m	$392K	$116K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.273%Rate

Funding earned: −$73.05
Price spread: +0.273% → +0.241%: $3.24
Slippage, 4 orders: −$555.96
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$649.77
Costs to cover: 5.800%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; BloFin: live order book, 39 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, 9 min ago	0.98 bp	320.2 bp −$320	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 39 min ago	5.95 bp	57.4 bp −$57	193.4 bp −$1,934	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	0.05125	+0.039%	$3.0M	$6.3M	20x	as long as short
Bitget ALCHUSDT	+0.0100%	4h	0.05134	+0.215%	$905K	$1.9M	10x	as long as short
Variational Omni ALCH	+0.0100%	4h	0.05101	−0.427%	$4K	$18K	—	as long as short
Gate ALCH_USDT	+0.0256%	4h	0.05136	+0.254%	$291K	$712K	20x	as long as short
Aster ALCHUSDT	+0.0622%	4h	0.05137	+0.265%	$12K	$114K	5x	as long as short
BingX ALCH-USDT	+0.0672%	4h	0.05130	+0.137%	—	$6.7M	—	as long as short
MEXC ALCH_USDT	+0.0732%	4h	0.05134	+0.215%	$5.0M	$2.5M	100x	as long as short
Binance ALCHUSDT	+0.0733%	4h	0.05133	+0.195%	$6.1M	$27.9M	10x	as long as short
BloFin ALCH-USDTshort	+0.0768%	4h	0.05137	+0.273%	$392K	$116K	10x
KuCoin ALCHUSDTMlong	+0.1116%	4h	0.05123	long leg	$1.2M	$281K	10x

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ALCHUSD	+0.3360%	1h	0.05118	−0.096%	$13K	$34K	10x	as long as short