Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0331%/8h= +36.3% APRpaid last 24h +0.144%

Price spread now: Kraken Futures against Bybit+0.140%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 Kraken Futures

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 +$10 a day on $10k at the current rate, and Kraken Futures is 0.140% dearer against Bybit than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ALTUSDT	0.007504	0.0016	pay 0.0008% / 4h	1h 09m	$1.2M	$1.6M	25x
Short	Kraken Futures PF_ALTUSD	0.007514	0.0347	get 0.0043% / 1h	9m 01s	$44K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.140%Rate

Funding earned: $69.55
Price spread: +0.140% → 0.000%: $13.96
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $62.52
Costs to cover: 0.210%
Break-even: 0.7 days

Slippage unknown: Bybit: live order book, 2 min ago; Kraken Futures: 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, 2 min ago	5.33 bp	36.0 bp −$36	150.5 bp −$1,505	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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
Variational Omni ALT	−0.0163%	4h	0.007502	−0.027%	$4K	$12K	—	as long as short
Deribit ALT_USDC-PERPETUAL	−0.0149%	1h	0.007514	+0.133%	—	$0	25x	as long as short
Bybit ALTUSDTlong	+0.0016%	4h	0.007504	long leg	$1.2M	$1.6M	25x
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−1.639%	$815	$4K	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007509	+0.067%	$1.1M	$185K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007514	+0.127%	$2.6M	$3.6M	50x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007500	−0.053%	$50K	$419K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007513	+0.120%	$389K	$190K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007514	+0.133%	$150K	$21K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007497	−0.093%	$616K	$100K	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	0.007511	+0.093%	—	$1.3M	—	as long as short
BloFin ALT-USDT	+0.0107%	4h	0.007511	+0.093%	$171K	$9K	50x	as long as short
Kraken Futures PF_ALTUSDshort	+0.0347%	1h	0.007514	+0.140%	$44K	$8K	10x
Coinbase International ALT-PERP-INTX	+0.0448%	1h	0.007518	+0.187%	$14K	$3K	50x	as long as short