ALCH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1034%/8h= −113.2% APRnext payment −$5.17 per $10,000 · paid last 24h −0.202%

Price spread now: Gate against KuCoin+0.310%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$883as in the Funding arb table

Net, price: spread back to 7d avg − costs−$816as in the Price arb table

costs, in and out, $10k−$8508.499% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.334%−$33 on $10k

Price spread, last 4 days (all we have)−0.420%−$42 · spread now +0.310%, 7d avg −0.032%

Together, before fees−0.755%−$75 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.342% dearer against KuCoin than usual: you sell high and buy low (spread +0.310% now, against its 7-day average of −0.032%): +$34 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.334% in total) that is about 7.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.334% in total (about -17.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.17 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	0.05166	0.1134	pay 0.0567% / 4h	41m 16s	$1.2M	$320K	10x
Short	Gate ALCH_USDT	0.05182	0.0100	get 0.0050% / 4h	41m 16s	$295K	$734K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. 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 KuCoinbpFee GatebpOrdersPrice spread, now +0.310%Rate

Funding earned: −$217.14
Price spread: +0.310% → −0.032%: $34.18
Slippage, 4 orders: −$822.88
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,032.84
Costs to cover: 8.499%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Gate: live order book, 51 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, 4 min ago	24.04 bp	339.6 bp −$340	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 51 min ago	14.65 bp	169.1 bp −$169	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	0.05163	−0.058%	$3.0M	$6.5M	20x	as long as short
Gate ALCH_USDTshort	+0.0100%	4h	0.05182	+0.310%	$295K	$734K	20x
Bitget ALCHUSDT	+0.0100%	4h	0.05170	+0.077%	$908K	$2.1M	10x	as long as short
Variational Omni ALCH	+0.0100%	4h	0.05200	+0.658%	$4K	$18K	—	as long as short
Aster ALCHUSDT	+0.0602%	4h	0.05174	+0.146%	$12K	$130K	5x	as long as short
BingX ALCH-USDT	+0.0708%	4h	0.05173	+0.136%	—	$6.8M	—	as long as short
MEXC ALCH_USDT	+0.0762%	4h	0.05175	+0.174%	$5.1M	$2.6M	100x	as long as short
Binance ALCHUSDT	+0.0763%	4h	0.05163	−0.056%	$6.1M	$28.9M	10x	as long as short
BloFin ALCH-USDT	+0.0804%	4h	0.05195	+0.561%	$390K	$124K	10x	as long as short
KuCoin ALCHUSDTMlong	+0.1134%	4h	0.05166	long leg	$1.2M	$320K	10x

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ALCHUSD	+0.2561%	1h	0.05155	−0.213%	$13K	$36K	10x	as long as short