Funding you earn now, next payment 16:00 UTC−0.1009%/8h= −110.5% APRnext payment −$10.09 per $10,000 · paid last 24h −0.033%
Price spread now: Gate against Bybit−0.277%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$528as in the Funding arb table
Net, price: spread back to 7d avg − costs−$550as in the Price arb table
costs, in and out, $10k−$5255.250% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 4 days (all we have)+0.622%+$62 · spread now −0.277%, 7d avg −0.029%
=Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Gate is 0.248% cheaper against Bybit than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.029%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.027% in total (about -1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$10.09 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 | Bybit ALICEUSDT | 0.1444 | 0.1109 | pay 0.1109% / 8h | 7h 39m | $698K | $216K | 25x |
| Short | Gate ALICE_USDT | 0.1440 | 0.0100 | get 0.0100% / 8h | 7h 39m | $93K | $102K | 25x |
Bybit ALICEUSDT
Gate ALICE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$211.86
- Price spread: −0.277% → −0.029%
- −$24.79
- Slippage, 4 orders
- −$499.01
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$761.66
- Costs to cover
- 5.250%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 50 min ago; Gate: live order book, 22 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 Bybit live order book, 50 min ago | 1.73 bp | 86.5 bp −$86 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 22 min ago | 24.16 bp | 146.7 bp −$147 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ALICE-USDT | +0.0045% | 4h | 0.1443 | −0.069% | $156K | $18K | 50x | as long as short |
| Aster ALICEUSDT | +0.0100% | 4h | 0.1441 | −0.239% | $9K | $19 | 5x | as long as short |
| Binance ALICEUSDT | +0.0100% | 4h | 0.1441 | −0.238% | $2.3M | $2.9M | 50x | as long as short |
| Gate ALICE_USDTshort | +0.0100% | 8h | 0.1440 | −0.277% | $93K | $102K | 25x | |
| MEXC ALICE_USDT | +0.0100% | 4h | 0.1440 | −0.277% | $533K | $124K | 50x | as long as short |
| KuCoin ALICEUSDTM | +0.0100% | 4h | 0.1440 | −0.277% | $420K | $47K | 30x | as long as short |
| Bitget ALICEUSDT | +0.0100% | 4h | 0.1441 | −0.208% | $998K | $129K | 50x | as long as short |
| BingX ALICE-USDT | +0.0100% | 4h | 0.1442 | −0.139% | — | $1.3M | — | as long as short |
| Variational Omni ALICE | +0.0100% | 8h | 0.1445 | +0.070% | $475 | $472 | — | as long as short |
| Bybit ALICEUSDTlong | +0.1109% | 8h | 0.1444 | long leg | $698K | $216K | 25x |
BloFin ALICE-USDT
Aster ALICEUSDT
Binance ALICEUSDT
MEXC ALICE_USDT
KuCoin ALICEUSDTM
Bitget ALICEUSDT
BingX ALICE-USDT
Variational Omni ALICEShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALICEUSD | +0.1689% | 1h | 0.1445 | +0.078% | $33K | $3K | 10x | as long as short |
Kraken Futures PF_ALICEUSD