Funding arb · Price arb /

ALICE

all ALICE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Binance+0.036%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$980.981% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 7 days+0.042%+$4 · spread now +0.036%, 7d avg +0.057%

Together, before fees+0.046%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.021% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ALICEUSDT	0.1436	0.0100	pay 0.0050% / 4h	2h 05m	$2.3M	$2.5M	50x
Short	BingX ALICE-USDT	0.1437	0.0100	get 0.0050% / 4h	2h 05m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → +0.057%: −$2.08
Slippage, 4 orders: −$78.11
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$100.2
Costs to cover: 0.981%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; BingX: live order book, 8 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 Binance live order book, 15 min ago	3.49 bp	22.7 bp −$23	114.3 bp −$1,143	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	10.46 bp	28.3 bp −$28	100.9 bp −$1,009	662.2 bp −$66.2K	1122.4 bp −$561.2K

ALICE on 10 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
Aster ALICEUSDT	+0.0100%	4h	0.1435	−0.087%	$9K	$537	5x	as long as short
Binance ALICEUSDTlong	+0.0100%	4h	0.1436	long leg	$2.3M	$2.5M	50x
MEXC ALICE_USDT	+0.0100%	4h	0.1436	−0.034%	$528K	$114K	50x	as long as short
KuCoin ALICEUSDTM	+0.0100%	4h	0.1437	+0.036%	$416K	$47K	30x	as long as short
Bitget ALICEUSDT	+0.0100%	4h	0.1436	−0.034%	$984K	$115K	50x	as long as short
BingX ALICE-USDTshort	+0.0100%	4h	0.1437	+0.036%	—	$1.3M	—
Variational Omni ALICE	+0.0148%	8h	0.1441	+0.286%	$472	$478	—	as long as short
Bybit ALICEUSDT	+0.1103%	8h	0.1439	+0.203%	$643K	$180K	25x	as long as short
Gate ALICE_USDT	+0.1582%	8h	0.1437	+0.036%	$89K	$89K	25x	as long as short
Kraken Futures PF_ALICEUSD	+0.1819%	1h	0.1440	+0.239%	$33K	$4K	10x	as long as short