Funding arb · Price arb /

ALICE

all ALICE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0781%/8h= −85.5% APRpaid last 24h −0.069%

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

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

Long on Gate Short on Bitget

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 against this trade now: funding costs −$23 a day on $10k at the current rate, and Bitget is 0.138% cheaper against Gate than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

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	Gate ALICE_USDT	0.1445	0.0881	pay 0.0881% / 8h	5h 18m	$90K	$89K	25x
Short	Bitget ALICEUSDT	0.1443	0.0100	get 0.0050% / 4h	1h 18m	$992K	$114K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now −0.138%Rate

Funding earned: −$164.01
Price spread: −0.138% → 0.000%: −$13.84
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$204.85
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Gate: no order-book sample; Bitget: live order book, 42 min ago. 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 Gate no order-book sample	—	—	—	—	—
Sell Bitget live order book, 42 min ago	10.43 bp	31.9 bp −$32	88.5 bp −$885	doesn't fit	doesn't fit

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	0.1444	−0.102%	$9K	$537	5x	as long as short
Binance ALICEUSDT	+0.0100%	4h	0.1443	−0.129%	$2.4M	$2.5M	50x	as long as short
MEXC ALICE_USDT	+0.0100%	4h	0.1442	−0.208%	$531K	$113K	50x	as long as short
KuCoin ALICEUSDTM	+0.0100%	4h	0.1444	−0.069%	$418K	$47K	30x	as long as short
Bitget ALICEUSDTshort	+0.0100%	4h	0.1443	−0.138%	$992K	$114K	50x
BingX ALICE-USDT	+0.0100%	4h	0.1445	0.000%	—	$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	+0.141%	$475	$478	—	as long as short
Gate ALICE_USDTlong	+0.0881%	8h	0.1445	long leg	$90K	$89K	25x
Bybit ALICEUSDT	+0.0914%	8h	0.1446	+0.069%	$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	+0.108%	$33K	$4K	10x	as long as short