Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Phemex−0.029%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$870as in the Funding arb table
Net, price: spread back to 7d avg − costs−$902as in the Price arb table
costs, in and out, $10k−$9008.998% of the position
Funding, last 7 days+0.296%+$30 on $10k
+Price spread, last 4 days (all we have)+0.273%+$27 · spread now −0.029%, 7d avg −0.006%
=Funding pays, the price is against you. KuCoin is 0.023% cheaper against Phemex than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of −0.006%). If the spread goes back, that is −$2 on $10k: about 19 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ALABUSDT | 344.20 | 0 | get 0.0000% / 8h | 5h 23m | $1.7M | $214K | 10x |
| Short | KuCoin ALABUSDTM | 344.10 | 0.0100 | get 0.0100% / 8h | 5h 23m | $344K | $32K | 20x |
Phemex ALABUSDT
KuCoin ALABUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Phemex. 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
- $21
- Price spread: −0.029% → −0.006%
- −$2.34
- Slippage, 4 orders
- −$875.82
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$881.16
- Costs to cover
- 8.998%
- Break-even
- 300.7 days
Slippage from Phemex: live order book, 5 min ago; KuCoin: live order book, 74 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 Phemex live order book, 5 min ago | 4.65 bp | 56.7 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 74 min ago | 11.51 bp | 489.4 bp −$489 | 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 | 344.22 | +0.005% | $1.4M | $4.3M | 20x | as long as short |
| Bybit ALABUSDT | 0.0000% | 8h | 344.31 | +0.032% | $474K | $428K | 25x | as long as short |
| OKX ALAB-USDT-SWAP | 0.0000% | 8h | 344.33 | +0.038% | $596K | $471K | 10x | as long as short |
| Gate ALAB_USDT | 0.0000% | 8h | 344.30 | +0.029% | $506K | $303K | 20x | as long as short |
| Bitget ALABUSDT | 0.0000% | 8h | 344.12 | −0.023% | $213K | $153K | 20x | as long as short |
| Variational Omni ALAB | 0.0000% | 8h | 344.05 | −0.044% | $93K | $76K | — | as long as short |
| Phemex ALABUSDTlong | 0.0000% | 8h | 344.20 | long leg | $1.7M | $214K | 10x | |
| Extended ALAB_24_5-USD | +0.0040% | 1h | 343.75 | −0.131% | $12K | — | 10x | as long as short |
| QFEX ALAB-USD | +0.0041% | 1h | 344.01 | −0.055% | $1.1M | $4.3M | 10x | as long as short |
| Vest ALAB-USD-PERP | +0.0046% | 1h | 343.98 | −0.064% | — | — | 5x | as long as short |
Binance ALABUSDT
Bybit ALABUSDT
OKX ALAB-USDT-SWAP
Gate ALAB_USDT
Bitget ALABUSDT
Variational Omni ALAB
Extended ALAB_24_5-USD
QFEX ALAB-USD
Vest ALAB-USD-PERPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ALABUSDTMshort | +0.0100% | 8h | 344.10 | −0.029% | $344K | $32K | 20x | |
| HTX ALAB-USDT | +0.0100% | 8h | 344.55 | +0.102% | $1K | $376K | 10x | as long as short |
| BloFin ALAB-USDT | +0.0120% | 8h | 344.31 | +0.032% | $72K | $105K | 20x | as long as short |
HTX ALAB-USDT
BloFin ALAB-USDT