Funding arb · Price arb /

ALAB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.008%

Price spread now: Phemex against QFEX+0.146%7-day average +0.005% · 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−$100as in the Price arb table

costs, in and out, $10k−$1141.139% of the position

Long on QFEX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.013%−$1 on $10k

Price spread, last 3 days (all we have)−0.169%−$17 · spread now +0.146%, 7d avg +0.005%

Together, before fees−0.183%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.141% dearer against QFEX than usual: you sell high and buy low (spread +0.146% now, against its 7-day average of +0.005%): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.6 days. At the pace of the last 3 days (−0.013% in total) that is about 36 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX ALAB-USD	343.21	0.0054	pay 0.0007% / 1h	35m 26s	$1.1M	$4.9M	10x
Short	Phemex ALABUSDT	343.71	0	get 0.0000% / 8h	6h 35m	$1.7M	$218K	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 +0.146%Rate

Funding earned: −$11.41
Price spread: +0.146% → +0.005%: $14.08
Slippage, 4 orders: −$91.9
Fee QFEX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$111.23
Costs to cover: 1.139%
Break-even: never at this rate

Slippage from QFEX: live order book, 3 min ago; Phemex: live order book, 3 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, 3 min ago	1.60 bp	11.7 bp −$12	19.9 bp −$199	doesn't fit	doesn't fit
Sell Phemex live order book, 3 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	343.45	+0.069%	$1.4M	$4.3M	20x	as long as short
Bybit ALABUSDT	0.0000%	8h	343.28	+0.020%	$478K	$424K	25x	as long as short
OKX ALAB-USDT-SWAP	0.0000%	8h	342.90	−0.090%	$591K	$469K	10x	as long as short
Gate ALAB_USDT	0.0000%	8h	343.50	+0.084%	$505K	$302K	20x	as long as short
Bitget ALABUSDT	0.0000%	8h	343.48	+0.079%	$213K	$154K	20x	as long as short
Variational Omni ALAB	0.0000%	8h	343.49	+0.082%	$93K	$76K	—	as long as short
Phemex ALABUSDTshort	0.0000%	8h	343.71	+0.146%	$1.7M	$218K	10x
Extended ALAB_24_5-USD	+0.0040%	1h	343.74	+0.153%	$12K	—	10x	as long as short
Vest ALAB-USD-PERP	+0.0046%	1h	343.30	+0.026%	—	—	5x	as long as short
QFEX ALAB-USDlong	+0.0054%	1h	343.21	long leg	$1.1M	$4.9M	10x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ALABUSDTM	+0.0100%	8h	343.24	+0.009%	$342K	$32K	20x	as long as short
HTX ALAB-USDT	+0.0100%	8h	343.62	+0.119%	$821	$376K	10x	as long as short
BloFin ALAB-USDT	+0.0120%	8h	345.14	+0.562%	$72K	$106K	20x	as long as short