Funding arb · Price arb /

ALAB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0027%/8h= −3.0% APRpaid last 24h −0.010%

Price spread now: Phemex against QFEX+0.045%7-day average +0.010% · 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−$105as in the Price arb table

costs, in and out, $10k−$1091.086% of the position

Long on QFEX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.045%, 7d avg +0.010%

Together, before fees−0.086%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.034% dearer against QFEX than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of +0.010%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX ALAB-USD	336.37	0.0027	pay 0.0003% / 1h	31m 55s	$1.1M	$3.4M	10x
Short	Phemex ALABUSDT	336.52	0	get 0.0000% / 8h	31m 55s	$1.6M	$262K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$5.68
Price spread: +0.045% → +0.010%: $3.42
Slippage, 4 orders: −$86.61
Fee QFEX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$110.87
Costs to cover: 1.086%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 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 QFEX live order book, 6 min ago	1.34 bp	12.6 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	2.08 bp	38.0 bp −$38	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
Bitget ALABUSDT	−0.0588%	8h	336.09	−0.083%	$204K	$156K	20x	as long as short
Binance ALABUSDT	0.0000%	8h	336.69	+0.095%	$1.3M	$5.6M	20x	as long as short
Bybit ALABUSDT	0.0000%	8h	336.54	+0.051%	$452K	$236K	25x	as long as short
OKX ALAB-USDT-SWAP	0.0000%	8h	336.52	+0.045%	$580K	$458K	10x	as long as short
Gate ALAB_USDT	0.0000%	8h	336.60	+0.068%	$476K	$349K	20x	as long as short
Variational Omni ALAB	0.0000%	8h	336.25	−0.034%	$61K	$105K	—	as long as short
Phemex ALABUSDTshort	0.0000%	8h	336.52	+0.045%	$1.6M	$262K	10x
QFEX ALAB-USDlong	+0.0027%	1h	336.37	long leg	$1.1M	$3.4M	10x
Extended ALAB_24_5-USD	+0.0040%	1h	336.39	+0.007%	$11K	—	10x	as long as short
Vest ALAB-USD-PERP	+0.0046%	1h	336.33	−0.012%	—	—	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	336.57	+0.059%	$335K	$33K	20x	as long as short
HTX ALAB-USDT	+0.0100%	8h	337.49	+0.333%	$881	$380K	10x	as long as short
BloFin ALAB-USDT	+0.0120%	8h	336.45	+0.024%	$72K	$105K	20x	as long as short