ALCH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1896%/8h= −207.6% APRnext payment −$9.48 per $10,000 · paid last 24h −0.202%

Price spread now: Bitget against MEXC−0.096%7-day average −0.166% · you buy dearer than you sell

Net, funding: paid 7d − costs−$322as in the Funding arb table

Net, price: spread back to 7d avg − costs−$280as in the Price arb table

costs, in and out, $10k−$2872.868% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.347%−$35 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.096%, 7d avg −0.166%

Together, before fees−0.333%−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.070% dearer against MEXC than usual: you sell high and buy low (spread −0.096% now, against its 7-day average of −0.166%): +$7 on $10k if it goes back. Holding the pair costs −$57 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.347% in total) that is about 34 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.347% in total (about -18.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$9.48 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	MEXC ALCH_USDT	0.05221	0.1996	pay 0.0998% / 4h	6m 27s	$5.1M	$2.2M	100x
Short	Bitget ALCHUSDT	0.05216	0.0100	get 0.0050% / 4h	6m 27s	$977K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now −0.096%Rate

Funding earned: −$398.16
Price spread: −0.096% → −0.166%: $7.05
Slippage, 4 orders: −$270.77
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$677.88
Costs to cover: 2.868%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bitget: live order book, 5 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 MEXC live order book, 1 min ago	7.64 bp	16.3 bp −$16	106.9 bp −$1,069	144.0 bp −$14.4K	363.4 bp −$181.7K
Sell Bitget live order book, 5 min ago	11.54 bp	106.6 bp −$107	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
BingX ALCH-USDT	+0.0070%	4h	0.05225	+0.077%	—	$6.7M	—	as long as short
Bybit ALCHUSDT	+0.0100%	4h	0.05213	−0.153%	$3.3M	$5.2M	20x	as long as short
Gate ALCH_USDT	+0.0100%	4h	0.05209	−0.230%	$280K	$622K	20x	as long as short
Bitget ALCHUSDTshort	+0.0100%	4h	0.05216	−0.096%	$977K	$1.4M	10x
Variational Omni ALCH	+0.0100%	4h	0.05188	−0.637%	$3K	$17K	—	as long as short
Aster ALCHUSDT	+0.1496%	4h	0.05225	+0.072%	$11K	$67K	5x	as long as short
KuCoin ALCHUSDTM	+0.1678%	4h	0.05205	−0.306%	$1.3M	$242K	10x	as long as short
BloFin ALCH-USDT	+0.1953%	4h	0.05228	+0.134%	$438K	$105K	10x	as long as short
MEXC ALCH_USDTlong	+0.1996%	4h	0.05221	long leg	$5.1M	$2.2M	100x
Binance ALCHUSDT	+0.1997%	4h	0.05219	−0.037%	$6.3M	$24.3M	10x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ALCHUSD	+0.2958%	1h	0.05157	−1.225%	$9K	$29K	10x	as long as short