Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.4900%/8h= +536.5% APRpaid last 24h +0.007%

Price spread now: Injective against Bybit+0.902%118s7-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 Injective

What this pair did over the last

the charts below follow

Funding, last 4 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 +$147 a day on $10k at the current rate, and Injective is 0.902% dearer against Bybit than usual: you sell high and buy low: +$90 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 118 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	Bybit ALTUSDT	0.007536	0.0100	pay 0.0050% / 4h	2h 53m	$1.2M	$1.6M	25x
Short	Injective ALT/USDC PERP	0.007604	0.5000	get 0.0625% / 1h	53m 23s	$827	$4K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.902%Rate

Funding earned: $1,029
Price spread: +0.902% → 0.000%: $90.23
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,108.21
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, 3 min ago; Injective: 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, 3 min ago	4.67 bp	34.0 bp −$34	158.7 bp −$1,587	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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-PERPETUAL	0.0000%	1h	0.007515	−0.279%	—	$0	25x	as long as short
BloFin ALT-USDT	+0.0065%	4h	0.007502	−0.451%	$171K	$10K	50x	as long as short
Variational Omni ALT	+0.0069%	4h	0.007486	−0.659%	$5K	$13K	—	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007530	−0.080%	$1.1M	$185K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007540	+0.053%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDTlong	+0.0100%	4h	0.007536	long leg	$1.2M	$1.6M	25x
Gate ALT_USDT	+0.0100%	8h	0.007528	−0.106%	$52K	$396K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007533	−0.040%	$415K	$182K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007522	−0.186%	$149K	$20K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007521	−0.199%	$597K	$114K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ALT-USDT	+0.0100%	4h	0.007535	−0.013%	—	$1.3M	—	as long as short
Kraken Futures PF_ALTUSD	+0.0210%	1h	0.007518	−0.236%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0432%	1h	0.007598	+0.823%	$14K	$3K	50x	as long as short
Injective ALT/USDC PERPshort	+0.5000%	1h	0.007604	+0.902%	$827	$4K	5.5x