Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h —

Price spread now: Deribit against Binance+0.053%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 hours (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.053% dearer against Binance than usual: you sell high and buy low (spread +0.053% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ALTUSDT	0.007482	0.0100	pay 0.0050% / 4h	2h 52m	$2.6M	$3.5M	50x
Short	Deribit ALT_USDC-PERPETUAL	0.007486	0	get 0.0000% / 1h	52m 54s	—	$0	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$21
Price spread: +0.053% → 0.000%: $5.29
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$32.71
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 13 min ago; Deribit: no order-book sample. Net counts fees only.

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, 13 min ago	1.34 bp	22.6 bp −$23	149.7 bp −$1,497	9121.2 bp −$912.1K	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bybit ALTUSDT	−0.0799%	4h	0.007475	−0.094%	$1.2M	$1.6M	25x	as long as short
Variational Omni ALT	−0.0452%	4h	0.007477	−0.068%	$4K	$12K	—	as long as short
Deribit ALT_USDC-PERPETUALshort	0.0000%	1h	0.007486	+0.053%	—	$0	25x
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−1.350%	$815	$4K	5.5x	as long as short
BloFin ALT-USDT	+0.0043%	4h	0.007485	+0.040%	$172K	$9K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007479	−0.041%	$1.1M	$186K	3x	as long as short
Binance ALTUSDTlong	+0.0100%	4h	0.007482	long leg	$2.6M	$3.5M	50x
Gate ALT_USDT	+0.0100%	8h	0.007482	−0.001%	$51K	$414K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007483	+0.013%	$399K	$194K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007479	−0.041%	$150K	$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	0.007474	−0.107%	$615K	$102K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007481	−0.014%	—	$1.3M	—	as long as short
Kraken Futures PF_ALTUSD	+0.0200%	1h	0.007495	+0.176%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0384%	1h	0.007512	+0.400%	$14K	$2K	50x	as long as short