Funding arb · Price arb /

ALICE

all ALICE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0786%/8h= +86.1% APRpaid last 24h +0.069%

Price spread now: Gate against Bitget+0.069%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$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 +$24 a day on $10k at the current rate, and Gate is 0.069% dearer against Bitget than usual: you sell high and buy low: +$7 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 0.043% in total (about 2.2% 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	Bitget ALICEUSDT	0.1443	0.0100	pay 0.0050% / 4h	1h 18m	$992K	$114K	50x
Short	Gate ALICE_USDT	0.1444	0.0886	get 0.0886% / 8h	5h 18m	$90K	$89K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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 BitgetbpFee GatebpOrdersPrice spread, now +0.069%Rate

Funding earned: $165.06
Price spread: +0.069% → 0.000%: $6.93
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $144.99
Costs to cover: 0.270%
Break-even: 0.9 days

Slippage unknown: Bitget: live order book, 42 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 Bitget live order book, 42 min ago	10.43 bp	33.7 bp −$34	133.9 bp −$1,339	doesn't fit	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	0.1443	+0.033%	$9K	$537	5x	as long as short
Binance ALICEUSDT	+0.0100%	4h	0.1443	−0.025%	$2.3M	$2.5M	50x	as long as short
MEXC ALICE_USDT	+0.0100%	4h	0.1441	−0.139%	$531K	$113K	50x	as long as short
KuCoin ALICEUSDTM	+0.0100%	4h	0.1444	+0.069%	$418K	$47K	30x	as long as short
Bitget ALICEUSDTlong	+0.0100%	4h	0.1443	long leg	$992K	$114K	50x
BingX ALICE-USDT	+0.0100%	4h	0.1446	+0.208%	—	$1.3M	—	as long as short
BloFin ALICE-USDT	+0.0154%	4h	0.1444	+0.069%	$158K	$13K	50x	as long as short
Variational Omni ALICE	+0.0245%	8h	0.1447	+0.279%	$475	$478	—	as long as short
Gate ALICE_USDTshort	+0.0886%	8h	0.1444	+0.069%	$90K	$89K	25x
Bybit ALICEUSDT	+0.0917%	8h	0.1446	+0.208%	$643K	$174K	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	+0.2076%	1h	0.1447	+0.247%	$33K	$4K	10x	as long as short