Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0518%/8h= −56.7% APRpaid last 24h —

Price spread now: Deribit 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 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

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Deribit is 0.027% cheaper against BingX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ALT-USDT	0.007484	0.0100	pay 0.0050% / 4h	2h 57m	—	$1.3M	—
Short	Deribit ALT_USDC-PERPETUAL	0.007482	−0.0418	pay 0.0052% / 1h	57m 09s	—	$0	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$108.74
Price spread: −0.027% → 0.000%: −$2.67
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$128.41
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 4 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 BingX live order book, 4 min ago	8.70 bp	27.0 bp −$27	74.9 bp −$749	577.3 bp −$57.7K	813.5 bp −$406.7K
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	−0.0887%	4h	0.007473	−0.147%	$1.2M	$1.6M	25x	as long as short
Deribit ALT_USDC-PERPETUALshort	−0.0418%	1h	0.007482	−0.027%	—	$0	25x
Variational Omni ALT	−0.0412%	4h	0.007477	−0.092%	$4K	$12K	—	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−1.376%	$815	$4K	5.5x	as long as short
BloFin ALT-USDT	+0.0061%	4h	0.007477	−0.094%	$173K	$9K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007482	−0.027%	$1.1M	$187K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007485	+0.013%	$2.6M	$3.5M	50x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007485	+0.013%	$51K	$413K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007484	0.000%	$399K	$194K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007480	−0.053%	$150K	$22K	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	0.007477	−0.094%	$615K	$103K	50x	as long as short
BingX ALT-USDTlong	+0.0100%	4h	0.007484	long leg	—	$1.3M	—
Kraken Futures PF_ALTUSD	+0.0200%	1h	0.007496	+0.162%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0384%	1h	0.007512	+0.374%	$14K	$2K	50x	as long as short