Funding arb · Price arb /

ALAB

RWAall ALAB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Bybit−0.159%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$223as in the Funding arb table

Net, price: spread back to 7d avg − costs−$239as in the Price arb table

costs, in and out, $10k−$2232.229% of the position

Long on Bybit Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.111%+$11 · spread now −0.159%, 7d avg 0.000%

Together, before fees+0.109%+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.159% cheaper against Bybit than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ALABUSDT	346.48	0	get 0.0000% / 8h	7h 28m	$485K	$415K	25x
Short	Phemex ALABUSDT	345.93	0	get 0.0000% / 8h	7h 28m	$1.7M	$208K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bybit. 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 BybitbpFee PhemexbpOrdersPrice spread, now −0.159%Rate

Funding earned: $0
Price spread: −0.159% → 0.000%: −$15.89
Slippage, 4 orders: −$199.89
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$238.78
Costs to cover: 2.229%
Break-even: never at this rate

Slippage from Bybit: live order book, 36 min ago; Phemex: live order book, 4 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, 36 min ago	5.11 bp	40.1 bp −$40	201.7 bp −$2,017	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	5.65 bp	55.0 bp −$55	doesn't fit	doesn't fit	doesn't fit

ALAB on 13 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
Binance ALABUSDT	0.0000%	8h	346.56	+0.023%	$1.3M	$4.2M	20x	as long as short
Bybit ALABUSDTlong	0.0000%	8h	346.48	long leg	$485K	$415K	25x
OKX ALAB-USDT-SWAP	0.0000%	8h	346.35	−0.038%	$602K	$472K	10x	as long as short
Gate ALAB_USDT	0.0000%	8h	345.60	−0.254%	$509K	$301K	20x	as long as short
Bitget ALABUSDT	0.0000%	8h	345.92	−0.162%	$215K	$153K	20x	as long as short
Variational Omni ALAB	0.0000%	8h	345.88	−0.174%	$80K	$68K	—	as long as short
Phemex ALABUSDTshort	0.0000%	8h	345.93	−0.159%	$1.7M	$208K	10x
BloFin ALAB-USDT	+0.0029%	8h	345.88	−0.173%	$72K	$71K	20x	as long as short
QFEX ALAB-USD	+0.0037%	1h	346.13	−0.101%	$1.1M	$5.1M	10x	as long as short
Extended ALAB_24_5-USD	+0.0040%	1h	345.68	−0.231%	$12K	—	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest ALAB-USD-PERP	+0.0046%	1h	345.63	−0.245%	—	—	5x	as long as short
KuCoin ALABUSDTM	+0.0100%	8h	345.72	−0.219%	$344K	$31K	20x	as long as short
HTX ALAB-USDT	+0.0100%	8h	346.31	−0.049%	$1K	$375K	10x	as long as short