Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0316%/8h= +34.6% APRpaid last 24h +0.100%

Price spread now: Coinbase International against BingX−0.027%7-day average — · you buy dearer than you sell

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

Long on BingX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. Coinbase International is 0.027% cheaper against BingX than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ALT-USDT	0.007540	0.0100	pay 0.0050% / 4h	58m 28s	—	$1.3M	—
Short	Coinbase International ALT-PERP-INTX	0.007538	0.0416	get 0.0052% / 1h	58m 28s	$14K	$3K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.027%Rate

Funding earned: $66.36
Price spread: −0.027% → 0.000%: −$2.65
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $43.71
Costs to cover: 0.200%
Break-even: 2.4 days

Slippage unknown: BingX: live order book, 12 min ago; Coinbase International: 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 BingX live order book, 12 min ago	4.66 bp	19.1 bp −$19	67.1 bp −$671	585.6 bp −$58.6K	804.7 bp −$402.4K
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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
Deribit ALT_USDC-PERPETUAL	−0.0281%	1h	0.007534	−0.080%	—	$0	25x	as long as short
Variational Omni ALT	−0.0103%	4h	0.007513	−0.352%	$4K	$12K	—	as long as short
Kraken Futures PF_ALTUSD	−0.0089%	1h	0.007538	−0.032%	$44K	$8K	10x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−2.109%	$815	$4K	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007535	−0.066%	$1.1M	$185K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007540	−0.007%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007535	−0.066%	$1.2M	$1.6M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007535	−0.066%	$50K	$411K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007539	−0.013%	$402K	$183K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007536	−0.053%	$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	0.007528	−0.159%	$619K	$100K	50x	as long as short
BingX ALT-USDTlong	+0.0100%	4h	0.007540	long leg	—	$1.3M	—
BloFin ALT-USDT	+0.0102%	4h	0.007534	−0.080%	$171K	$9K	50x	as long as short
Coinbase International ALT-PERP-INTXshort	+0.0416%	1h	0.007538	−0.027%	$14K	$3K	50x