ALT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0054%/8h= −6.0% APRnext payment −$0.27 per $10,000 · paid last 24h −0.013%

Price spread now: Bybit against Binance−0.040%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1031.032% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.040%, 7d avg −0.073%

Together, before fees−0.091%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.033% dearer against Binance than usual: you sell high and buy low (spread −0.040% now, against its 7-day average of −0.073%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ALTUSDT	0.007499	0.0100	pay 0.0050% / 4h	1h 21m	$2.6M	$3.5M	50x
Short	Bybit ALTUSDT	0.007496	0.0046	get 0.0023% / 4h	1h 21m	$1.2M	$1.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$11.42
Price spread: −0.040% → −0.073%: $3.3
Slippage, 4 orders: −$82.24
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$111.37
Costs to cover: 1.032%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; Bybit: live order book, 5 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, 15 min ago	2.01 bp	21.2 bp −$21	119.0 bp −$1,190	8602.0 bp −$860.2K	doesn't fit
Sell Bybit live order book, 5 min ago	2.01 bp	24.1 bp −$24	125.2 bp −$1,252	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	−0.0191%	4h	0.007483	−0.219%	$4K	$12K	—	as long as short
Deribit ALT_USDC-PERPETUAL	0.0000%	1h	0.007501	+0.027%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−1.574%	$815	$4K	5.5x	as long as short
Bybit ALTUSDTshort	+0.0046%	4h	0.007496	−0.040%	$1.2M	$1.6M	25x
BloFin ALT-USDT	+0.0090%	4h	0.007493	−0.080%	$172K	$9K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007494	−0.067%	$1.1M	$185K	3x	as long as short
Binance ALTUSDTlong	+0.0100%	4h	0.007499	long leg	$2.6M	$3.5M	50x
Gate ALT_USDT	+0.0100%	8h	0.007488	−0.147%	$50K	$416K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007498	−0.013%	$388K	$190K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007495	−0.053%	$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 ALTUSDT	+0.0100%	4h	0.007487	−0.160%	$615K	$100K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007497	−0.027%	—	$1.3M	—	as long as short
Kraken Futures PF_ALTUSD	+0.0348%	1h	0.007504	+0.061%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0448%	1h	0.007518	+0.253%	$14K	$3K	50x	as long as short