Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.050%

Price spread now: Deribit against Bybit+0.300%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 2 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

The price spread pays, funding is against you. Deribit is 0.300% dearer against Bybit than usual: you sell high and buy low (spread +0.300% now, against zero (this spread has no 7-day history yet)): +$30 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 10.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ALTUSDT	0.007673	0.0100	pay 0.0050% / 4h	1h 15m	$1.2M	$1.7M	25x
Short	Deribit ALT_USDC-PERPETUAL	0.007696	0	get 0.0000% / 1h	15m 51s	—	$0	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bybit. 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 BybitbpFee DeribitbpOrdersPrice spread, now +0.300%Rate

Funding earned: −$21
Price spread: +0.300% → 0.000%: $29.98
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$9.02
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Bybit: live order book, 6 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 Bybit live order book, 6 min ago	3.92 bp	32.6 bp −$33	135.3 bp −$1,353	doesn't fit	doesn't fit
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
Deribit ALT_USDC-PERPETUALshort	0.0000%	1h	0.007696	+0.300%	—	$0	25x
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+0.235%	$837	$4K	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007671	−0.026%	$1.1M	$194K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007678	+0.067%	$2.6M	$3.7M	50x	as long as short
Bybit ALTUSDTlong	+0.0100%	4h	0.007673	long leg	$1.2M	$1.7M	25x
Gate ALT_USDT	+0.0100%	8h	0.007674	+0.013%	$50K	$400K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007680	+0.091%	$423K	$183K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007683	+0.130%	$152K	$20K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007672	−0.013%	$605K	$108K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007677	+0.052%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ALT	+0.0100%	4h	0.007687	+0.182%	$4K	$16K	—	as long as short
BloFin ALT-USDT	+0.0129%	4h	0.007661	−0.156%	$125K	$10K	50x	as long as short
Coinbase International ALT-PERP-INTX	+0.0440%	1h	0.007700	+0.352%	$14K	$3K	50x	as long as short
Kraken Futures PF_ALTUSD	+0.0442%	1h	0.007696	+0.298%	$45K	$8K	10x	as long as short