Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.012%

Price spread now: Bybit against Bitget−0.106%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1161.157% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)+0.149%+$15 · spread now −0.106%, 7d avg +0.034%

Together, before fees+0.085%+$9 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: Bybit is 0.139% 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 +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ALTUSDT	0.007581	0.0100	pay 0.0050% / 4h	3h 08m	$612K	$127K	50x
Short	Bybit ALTUSDT	0.007573	0.0100	get 0.0050% / 4h	3h 08m	$1.2M	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.106%Rate

Funding earned: $0
Price spread: −0.106% → +0.034%: −$13.93
Slippage, 4 orders: −$92.74
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$129.67
Costs to cover: 1.157%
Break-even: never at this rate

Slippage from Bitget: live order book, 41 min ago; Bybit: live order book, 3 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, 41 min ago	3.28 bp	22.0 bp −$22	190.3 bp −$1,903	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.95 bp	27.7 bp −$28	177.8 bp −$1,778	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	−0.0409%	1h	0.007577	−0.053%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+1.451%	$837	$4K	5.5x	as long as short
Kraken Futures PF_ALTUSD	+0.0042%	1h	0.007578	−0.034%	$44K	$8K	10x	as long as short
BloFin ALT-USDT	+0.0043%	4h	0.007597	+0.211%	$172K	$10K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007576	−0.066%	$1.1M	$141K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007578	−0.040%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDTshort	+0.0100%	4h	0.007573	−0.106%	$1.2M	$1.8M	25x
Gate ALT_USDT	+0.0100%	8h	0.007581	0.000%	$49K	$382K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007579	−0.026%	$389K	$180K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007588	+0.092%	$146K	$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 ALTUSDTlong	+0.0100%	4h	0.007581	long leg	$612K	$127K	50x
BingX ALT-USDT	+0.0100%	4h	0.007577	−0.053%	—	$1.3M	—	as long as short
Variational Omni ALT	+0.0100%	4h	0.007594	+0.166%	$4K	$16K	—	as long as short
Coinbase International ALT-PERP-INTX	+0.0488%	1h	0.007691	+1.451%	$14K	$3K	50x	as long as short