Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0109%/8h= +11.9% APRpaid last 24h +0.111%

Price spread now: Kraken Futures against Binance+0.022%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 Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.022% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ALTUSDT	0.007551	0.0100	pay 0.0050% / 4h	2h 48m	$2.6M	$3.6M	50x
Short	Kraken Futures PF_ALTUSD	0.007552	0.0209	get 0.0026% / 1h	48m 58s	$44K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.022%Rate

Funding earned: $22.83
Price spread: +0.022% → 0.000%: $2.21
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $5.04
Costs to cover: 0.200%
Break-even: 5.5 days

Slippage unknown: Binance: live order book, 2 min ago; Kraken Futures: 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, 2 min ago	1.33 bp	18.8 bp −$19	126.7 bp −$1,267	9050.2 bp −$905.0K	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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
Variational Omni ALT	+0.0083%	4h	0.007532	−0.244%	$5K	$13K	—	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007544	−0.090%	$1.1M	$187K	3x	as long as short
Binance ALTUSDTlong	+0.0100%	4h	0.007551	long leg	$2.6M	$3.6M	50x
Bybit ALTUSDT	+0.0100%	4h	0.007545	−0.076%	$1.2M	$1.6M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007545	−0.076%	$52K	$397K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007549	−0.023%	$416K	$182K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007546	−0.063%	$149K	$20K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007538	−0.169%	$598K	$114K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007544	−0.090%	—	$1.3M	—	as long as short
BloFin ALT-USDT	+0.0141%	4h	0.007552	+0.016%	$172K	$10K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ALTUSDshort	+0.0209%	1h	0.007552	+0.022%	$44K	$8K	10x
Coinbase International ALT-PERP-INTX	+0.0432%	1h	0.007598	+0.625%	$14K	$3K	50x	as long as short
Deribit ALT_USDC-PERPETUAL	+0.0545%	1h	0.007549	−0.023%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.5000%	1h	0.007604	+0.705%	$827	$4K	5.5x	as long as short