Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Binance−0.214%7-day average −0.109% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$990.990% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.121%+$12 · spread now −0.214%, 7d avg −0.109%

Together, before fees+0.113%+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.105% cheaper against Binance than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ALTUSDT	0.007532	0.0100	pay 0.0050% / 4h	1h 00m	$2.6M	$3.6M	50x
Short	Bitget ALTUSDT	0.007516	0.0100	get 0.0050% / 4h	1h 00m	$618K	$100K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now −0.214%Rate

Funding earned: $0
Price spread: −0.214% → −0.109%: −$10.5
Slippage, 4 orders: −$77.05
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$109.55
Costs to cover: 0.990%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Bitget: live order book, 14 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 Binance live order book, 6 min ago	3.33 bp	21.0 bp −$21	134.2 bp −$1,342	9096.9 bp −$909.7K	doesn't fit
Sell Bitget live order book, 14 min ago	4.00 bp	33.6 bp −$34	134.6 bp −$1,346	doesn't fit	doesn't fit

ALT on 14 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
Variational Omni ALT	−0.0148%	4h	0.007504	−0.367%	$4K	$12K	—	as long as short
Deribit ALT_USDC-PERPETUAL	−0.0016%	1h	0.007524	−0.108%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−2.006%	$815	$4K	5.5x	as long as short
Bybit ALTUSDT	+0.0083%	4h	0.007529	−0.041%	$1.2M	$1.6M	25x	as long as short
BloFin ALT-USDT	+0.0083%	4h	0.007522	−0.134%	$171K	$9K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007529	−0.041%	$1.1M	$185K	3x	as long as short
Binance ALTUSDTlong	+0.0100%	4h	0.007532	long leg	$2.6M	$3.6M	50x
Gate ALT_USDT	+0.0100%	8h	0.007520	−0.161%	$50K	$419K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007529	−0.041%	$390K	$191K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007525	−0.095%	$149K	$21K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDTshort	+0.0100%	4h	0.007516	−0.214%	$618K	$100K	50x
BingX ALT-USDT	+0.0100%	4h	0.007526	−0.081%	—	$1.3M	—	as long as short
Kraken Futures PF_ALTUSD	+0.0347%	1h	0.007528	−0.051%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0448%	1h	0.007528	−0.055%	$14K	$3K	50x	as long as short