Funding arb · Price arb /

ALAB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.009%

Price spread now: OKX against QFEX+0.122%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$880.882% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.015%−$1 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now +0.122%, 7d avg +0.009%

Together, before fees+0.043%+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.113% dearer against QFEX than usual: you sell high and buy low (spread +0.122% now, against its 7-day average of +0.009%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.5 days. At the pace of the last 4 days (−0.015% in total) that is about 28 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX ALAB-USD	344.25	0.0044	pay 0.0006% / 1h	7m 51s	$1.1M	$4.1M	10x
Short	OKX ALAB-USDT-SWAP	344.67	0	get 0.0000% / 8h	4h 07m	$596K	$468K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against QFEX. 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 QFEXbpFee OKXbpOrdersPrice spread, now +0.122%Rate

Funding earned: −$9.27
Price spread: +0.122% → +0.009%: $11.27
Slippage, 4 orders: −$68.19
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$86.19
Costs to cover: 0.882%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; OKX: live order book, 48 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 QFEX live order book, 6 min ago	1.89 bp	7.2 bp −$7	13.8 bp −$138	doesn't fit	doesn't fit
Sell OKX live order book, 48 min ago	10.43 bp	54.4 bp −$54	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	344.64	+0.113%	$1.4M	$4.3M	20x	as long as short
Bybit ALABUSDT	0.0000%	8h	344.44	+0.055%	$474K	$428K	25x	as long as short
OKX ALAB-USDT-SWAPshort	0.0000%	8h	344.67	+0.122%	$596K	$468K	10x
Gate ALAB_USDT	0.0000%	8h	344.40	+0.044%	$470K	$324K	20x	as long as short
Bitget ALABUSDT	0.0000%	8h	344.53	+0.081%	$213K	$154K	20x	as long as short
Variational Omni ALAB	0.0000%	8h	344.46	+0.061%	$94K	$76K	—	as long as short
Phemex ALABUSDT	0.0000%	8h	344.53	+0.081%	$1.7M	$217K	10x	as long as short
Extended ALAB_24_5-USD	+0.0040%	1h	343.79	−0.134%	$12K	—	10x	as long as short
QFEX ALAB-USDlong	+0.0044%	1h	344.25	long leg	$1.1M	$4.1M	10x
Vest ALAB-USD-PERP	+0.0046%	1h	344.25	0.000%	—	—	5x	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	344.59	+0.099%	$344K	$32K	20x	as long as short
HTX ALAB-USDT	+0.0100%	8h	345.45	+0.349%	$881	$378K	10x	as long as short
BloFin ALAB-USDT	+0.0120%	8h	344.56	+0.090%	$72K	$105K	20x	as long as short