Funding arb · Price arb /

ALAB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0047%/8h= −5.2% APRpaid last 24h −0.009%

Price spread now: Bybit against QFEX+0.118%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−$165as in the Price arb table

costs, in and out, $10k−$1751.754% of the position

Long on QFEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.118%, 7d avg +0.010%

Together, before fees+0.017%+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.108% dearer against QFEX than usual: you sell high and buy low (spread +0.118% now, against its 7-day average of +0.010%): +$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 7.6 days. At the pace of the last 4 days (−0.018% in total) that is about 23 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX ALAB-USD	338.50	0.0047	pay 0.0006% / 1h	46m 26s	$1.1M	$3.4M	10x
Short	Bybit ALABUSDT	338.90	0	get 0.0000% / 8h	5h 46m	$445K	$233K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.118%Rate

Funding earned: −$9.95
Price spread: +0.118% → +0.010%: $10.82
Slippage, 4 orders: −$154.38
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$174.5
Costs to cover: 1.754%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; Bybit: live order book, 60 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, 5 min ago	1.91 bp	11.5 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 60 min ago	3.13 bp	81.0 bp −$81	218.4 bp −$2,184	doesn't fit	doesn't fit

ALAB on 13 exchanges

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	−0.0258%	8h	338.68	+0.053%	$217K	$159K	20x	as long as short
Binance ALABUSDT	0.0000%	8h	338.51	+0.002%	$1.2M	$5.9M	20x	as long as short
Bybit ALABUSDTshort	0.0000%	8h	338.90	+0.118%	$445K	$233K	25x
OKX ALAB-USDT-SWAP	0.0000%	8h	338.90	+0.118%	$582K	$450K	10x	as long as short
Gate ALAB_USDT	0.0000%	8h	339.00	+0.148%	$478K	$342K	20x	as long as short
Variational Omni ALAB	0.0000%	8h	339.34	+0.249%	$62K	$87K	—	as long as short
Phemex ALABUSDT	0.0000%	8h	339.05	+0.162%	$1.6M	$276K	10x	as long as short
Extended ALAB_24_5-USD	+0.0040%	1h	339.25	+0.222%	$11K	—	10x	as long as short
Vest ALAB-USD-PERP	+0.0046%	1h	338.58	+0.024%	—	—	5x	as long as short
QFEX ALAB-USDlong	+0.0047%	1h	338.50	long leg	$1.1M	$3.4M	10x

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ALABUSDTM	+0.0100%	8h	338.67	+0.050%	$337K	$213K	20x	as long as short
HTX ALAB-USDT	+0.0100%	8h	338.77	+0.080%	$921	$382K	10x	as long as short
BloFin ALAB-USDT	+0.0120%	8h	338.90	+0.118%	$72K	$108K	20x	as long as short