Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bitget−0.040%7-day average +0.103% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1091.085% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)+0.142%+$14 · spread now −0.040%, 7d avg +0.103%

Together, before fees+0.155%+$15 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: Binance is 0.143% cheaper against Bitget than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ALTUSDT	0.007497	0.0100	pay 0.0050% / 4h	3h 40m	$600K	$144K	50x
Short	Binance ALTUSDT	0.007494	0.0100	get 0.0050% / 4h	3h 40m	$2.6M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → +0.103%: −$14.34
Slippage, 4 orders: −$86.52
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$122.86
Costs to cover: 1.085%
Break-even: never at this rate

Slippage from Bitget: live order book, 55 min ago; Binance: live order book, 10 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 Bitget live order book, 55 min ago	4.68 bp	40.1 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.67 bp	20.7 bp −$21	84.5 bp −$845	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
Deribit ALT_USDC-PERPETUAL	0.0000%	1h	0.007496	−0.013%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.588%	$837	$22	5.5x	as long as short
BloFin ALT-USDT	+0.0072%	4h	0.007508	+0.147%	$168K	$8K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007493	−0.053%	$1.1M	$135K	3x	as long as short
Binance ALTUSDTshort	+0.0100%	4h	0.007494	−0.040%	$2.6M	$3.5M	50x
Bybit ALTUSDT	+0.0100%	4h	0.007493	−0.053%	$1.2M	$1.7M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007494	−0.040%	$50K	$377K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007495	−0.027%	$363K	$168K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007503	+0.080%	$144K	$20K	30x	as long as short
Bitget ALTUSDTlong	+0.0100%	4h	0.007497	long leg	$600K	$144K	50x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ALT-USDT	+0.0100%	4h	0.007490	−0.093%	—	$1.3M	—	as long as short
Variational Omni ALT	+0.0100%	4h	0.007489	−0.110%	$4K	$14K	—	as long as short
Kraken Futures PF_ALTUSD	+0.0383%	1h	0.007496	−0.018%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0576%	1h	0.007524	+0.360%	$13K	$2K	50x	as long as short