Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against BloFin−0.461%719s7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$162as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1381.378% of the position
Funding, last 7 days−0.237%−$24 on $10k
+Price spread, last 3 days (all we have)+0.420%+$42 · spread now −0.461%, 7d avg −0.007%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phemex is 0.454% cheaper against BloFin than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of −0.007%). Swap the legs. The two prices were read 719 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ALAB-USDT | 345.14 | 0.0120 | pay 0.0120% / 8h | 6h 37m | $72K | $106K | 20x |
| Short | Phemex ALABUSDT | 343.55 | 0 | get 0.0000% / 8h | 6h 37m | $1.7M | $218K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. 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
- −$25.2
- Price spread: −0.461% → −0.007%
- −$45.37
- Slippage, 4 orders
- −$113.82
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$208.39
- Costs to cover
- 1.378%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 35 min ago; Phemex: live order book, 1 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 BloFin live order book, 35 min ago | 5.34 bp | 24.9 bp −$25 | 33.6 bp −$336 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 3.93 bp | 45.9 bp −$46 | 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 | 343.24 | −0.551% | $1.4M | $4.3M | 20x | as long as short |
| Bybit ALABUSDT | 0.0000% | 8h | 343.42 | −0.498% | $479K | $423K | 25x | as long as short |
| OKX ALAB-USDT-SWAP | 0.0000% | 8h | 343.60 | −0.446% | $593K | $470K | 10x | as long as short |
| Gate ALAB_USDT | 0.0000% | 8h | 343.60 | −0.446% | $505K | $301K | 20x | as long as short |
| Bitget ALABUSDT | 0.0000% | 8h | 343.48 | −0.481% | $213K | $154K | 20x | as long as short |
| Variational Omni ALAB | 0.0000% | 8h | 343.98 | −0.337% | $93K | $76K | — | as long as short |
| Phemex ALABUSDTshort | 0.0000% | 8h | 343.55 | −0.461% | $1.7M | $218K | 10x | |
| Extended ALAB_24_5-USD | +0.0040% | 1h | 344.48 | −0.193% | $12K | — | 10x | as long as short |
| Vest ALAB-USD-PERP | +0.0046% | 1h | 343.57 | −0.455% | — | — | 5x | as long as short |
| QFEX ALAB-USD | +0.0054% | 1h | 343.55 | −0.461% | $1.1M | $4.9M | 10x | as long as short |
Show all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ALABUSDTM | +0.0100% | 8h | 343.31 | −0.530% | $342K | $32K | 20x | as long as short |
| HTX ALAB-USDT | +0.0100% | 8h | 343.37 | −0.513% | $900 | $376K | 10x | as long as short |
| BloFin ALAB-USDTlong | +0.0120% | 8h | 345.14 | long leg | $72K | $106K | 20x |
BloFin ALAB-USDT
Phemex ALABUSDT
Binance ALABUSDT
Bybit ALABUSDT
OKX ALAB-USDT-SWAP
Gate ALAB_USDT
Bitget ALABUSDT
Variational Omni ALAB
Extended ALAB_24_5-USD
KuCoin ALABUSDTM
HTX ALAB-USDT