Funding arb · Price arb /

ALICE

all ALICE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0307%/8h= +33.6% APRpaid last 24h +0.074%

Price spread now: Gate against BloFin+0.138%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$6 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 +$9 a day on $10k at the current rate, and Gate is 0.138% dearer against BloFin than usual: you sell high and buy low: +$14 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 0.055% in total (about 2.9% 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	BloFin ALICE-USDT	0.1446	0.0152	pay 0.0076% / 4h	26m 56s	$157K	$13K	50x
Short	Gate ALICE_USDT	0.1448	0.0459	get 0.0459% / 8h	4h 26m	$91K	$89K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now +0.138%Rate

Funding earned: $64.38
Price spread: +0.138% → 0.000%: $13.83
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $51.21
Costs to cover: 0.270%
Break-even: 1.4 days

Slippage unknown: BloFin: live order book, 65 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 BloFin live order book, 65 min ago	3.47 bp	15.5 bp −$16	49.2 bp −$492	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	0.1446	+0.026%	$9K	$537	5x	as long as short
Binance ALICEUSDT	+0.0100%	4h	0.1446	−0.008%	$2.3M	$2.6M	50x	as long as short
MEXC ALICE_USDT	+0.0100%	4h	0.1445	−0.069%	$543K	$116K	50x	as long as short
KuCoin ALICEUSDTM	+0.0100%	4h	0.1446	0.000%	$418K	$48K	30x	as long as short
Bitget ALICEUSDT	+0.0100%	4h	0.1445	−0.069%	$994K	$118K	50x	as long as short
BingX ALICE-USDT	+0.0100%	4h	0.1449	+0.207%	—	$1.3M	—	as long as short
BloFin ALICE-USDTlong	+0.0152%	4h	0.1446	long leg	$157K	$13K	50x
Variational Omni ALICE	+0.0238%	8h	0.1446	+0.024%	$474	$478	—	as long as short
Gate ALICE_USDTshort	+0.0459%	8h	0.1448	+0.138%	$91K	$89K	25x
Bybit ALICEUSDT	+0.0721%	8h	0.1447	+0.104%	$644K	$177K	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	+0.1304%	1h	0.1450	+0.300%	$33K	$4K	10x	as long as short