Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0294%/8h= +32.2% APRpaid last 24h +0.101%

Price spread now: Coinbase International against BloFin+2.003%58s7-day average — · you sell dearer than you buy

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

Long on BloFin 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

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Coinbase International is 2.003% dearer against BloFin than usual: you sell high and buy low: +$200 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ALT-USDT	0.007540	0.0130	pay 0.0065% / 4h	1h 37m	$169K	$9K	50x
Short	Coinbase International ALT-PERP-INTX	0.007691	0.0424	get 0.0053% / 1h	37m 34s	$14K	$2K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now +2.003%Rate

Funding earned: $61.75
Price spread: +2.003% → 0.000%: $200.27
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $240.02
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: BloFin: live order book, 37 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 BloFin live order book, 37 min ago	0.66 bp	18.3 bp −$18	59.5 bp −$595	doesn't fit	doesn't fit
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
Kraken Futures PF_ALTUSD	−0.0427%	1h	0.007524	−0.206%	$44K	$8K	10x	as long as short
Deribit ALT_USDC-PERPETUAL	−0.0016%	1h	0.007520	−0.265%	—	$0	25x	as long as short
Variational Omni ALT	+0.0019%	4h	0.007528	−0.163%	$4K	$16K	—	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.003%	$837	$22	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007519	−0.279%	$1.1M	$138K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007521	−0.248%	$2.6M	$3.4M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007515	−0.332%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007516	−0.318%	$49K	$383K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007521	−0.252%	$378K	$169K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007528	−0.159%	$145K	$19K	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	0.007524	−0.212%	$604K	$129K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007518	−0.292%	—	$1.3M	—	as long as short
BloFin ALT-USDTlong	+0.0130%	4h	0.007540	long leg	$169K	$9K	50x
Coinbase International ALT-PERP-INTXshort	+0.0424%	1h	0.007691	+2.003%	$14K	$2K	50x