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 BingX−0.027%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

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

costs, in and out, $10k−$1051.047% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.027%, 7d avg −0.071%

Together, before fees−0.084%−$8 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 0.044% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ALT-USDT	0.007503	0.0100	pay 0.0050% / 4h	1h 39m	—	$1.3M	—
Short	Bitget ALTUSDT	0.007501	0.0100	get 0.0050% / 4h	1h 39m	$616K	$100K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → −0.071%: $4.42
Slippage, 4 orders: −$82.72
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$100.31
Costs to cover: 1.047%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Bitget: live order book, 41 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 BingX live order book, 7 min ago	5.35 bp	19.1 bp −$19	68.5 bp −$685	589.3 bp −$58.9K	819.6 bp −$409.8K
Sell Bitget live order book, 41 min ago	8.68 bp	29.1 bp −$29	178.7 bp −$1,787	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	−0.0222%	4h	0.007481	−0.298%	$4K	$12K	—	as long as short
Deribit ALT_USDC-PERPETUAL	0.0000%	1h	0.007509	+0.080%	—	$0	25x	as long as short
Bybit ALTUSDT	+0.0005%	4h	0.007502	−0.013%	$1.2M	$1.6M	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−1.626%	$815	$4K	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007503	0.000%	$1.1M	$185K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007501	−0.022%	$2.6M	$3.5M	50x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007501	−0.027%	$50K	$413K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007509	+0.080%	$390K	$188K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007508	+0.067%	$149K	$21K	30x	as long as short
Bitget ALTUSDTshort	+0.0100%	4h	0.007501	−0.027%	$616K	$100K	50x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ALT-USDTlong	+0.0100%	4h	0.007503	long leg	—	$1.3M	—
BloFin ALT-USDT	+0.0107%	4h	0.007508	+0.067%	$172K	$9K	50x	as long as short
Kraken Futures PF_ALTUSD	+0.0347%	1h	0.007512	+0.123%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0448%	1h	0.007518	+0.200%	$14K	$3K	50x	as long as short