Funding arb · Price arb /

ALICE

all ALICE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0235%/8h= +25.7% APRpaid last 24h +0.069%

Price spread now: Gate against BingX+0.209%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Gate is 0.209% dearer against BingX than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.039% in total (about 2.0% a year). A funding rate is set anew for every payment. 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	BingX ALICE-USDT	0.1437	0.0100	pay 0.0050% / 4h	2h 40m	—	$1.3M	—
Short	Gate ALICE_USDT	0.1440	0.0335	get 0.0335% / 8h	2h 40m	$91K	$94K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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 BingXbpFee GatebpOrdersPrice spread, now +0.209%Rate

Funding earned: $49.35
Price spread: +0.209% → 0.000%: $20.88
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $45.23
Costs to cover: 0.250%
Break-even: 0.6 days

Slippage unknown: BingX: live order book, 10 min ago; Gate: no order-book sample. Net counts fees only.

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 BingX live order book, 10 min ago	13.80 bp	30.4 bp −$30	129.0 bp −$1,290	687.7 bp −$68.8K	doesn't fit
Sell Gate no order-book sample	—	—	—	—	—

Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ALICE 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
Aster ALICEUSDT	+0.0100%	4h	0.1437	−0.010%	$9K	$537	5x	as long as short
Binance ALICEUSDT	+0.0100%	4h	0.1437	0.000%	$2.3M	$2.8M	50x	as long as short
MEXC ALICE_USDT	+0.0100%	4h	0.1437	0.000%	$555K	$120K	50x	as long as short
KuCoin ALICEUSDTM	+0.0100%	4h	0.1440	+0.209%	$422K	$44K	30x	as long as short
Bitget ALICEUSDT	+0.0100%	4h	0.1438	+0.070%	$986K	$117K	50x	as long as short
BingX ALICE-USDTlong	+0.0100%	4h	0.1437	long leg	—	$1.3M	—
BloFin ALICE-USDT	+0.0136%	4h	0.1444	+0.487%	$157K	$13K	50x	as long as short
Variational Omni ALICE	+0.0148%	8h	0.1443	+0.409%	$476	$477	—	as long as short
Gate ALICE_USDTshort	+0.0335%	8h	0.1440	+0.209%	$91K	$94K	25x
Bybit ALICEUSDT	+0.0581%	8h	0.1439	+0.125%	$652K	$187K	25x	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_ALICEUSD	+0.0832%	1h	0.1441	+0.251%	$33K	$4K	10x	as long as short