Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h −0.099%

Price spread now: Binance against Coinbase International−0.466%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Binance

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 against this trade now: funding costs −$9 a day on $10k at the current rate, and Binance is 0.466% cheaper against Coinbase International than usual: you would sell low and buy high (−$47 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ALT-PERP-INTX	0.007512	0.0384	pay 0.0048% / 1h	57m 52s	$14K	$2K	50x
Short	Binance ALTUSDT	0.007477	0.0100	get 0.0050% / 4h	2h 57m	$2.6M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now −0.466%Rate

Funding earned: −$59.64
Price spread: −0.466% → 0.000%: −$46.59
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$126.23
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Binance: live order book, 8 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Binance live order book, 8 min ago	1.34 bp	20.5 bp −$20	91.4 bp −$914	doesn't fit	doesn't fit

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
Bybit ALTUSDT	−0.0884%	4h	0.007470	−0.559%	$1.2M	$1.6M	25x	as long as short
Deribit ALT_USDC-PERPETUAL	−0.0552%	1h	0.007479	−0.439%	—	$0	25x	as long as short
Variational Omni ALT	−0.0412%	4h	0.007477	−0.464%	$4K	$12K	—	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−1.744%	$815	$4K	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007479	−0.439%	$1.1M	$187K	3x	as long as short
Binance ALTUSDTshort	+0.0100%	4h	0.007477	−0.466%	$2.6M	$3.5M	50x
Gate ALT_USDT	+0.0100%	8h	0.007479	−0.439%	$50K	$412K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007478	−0.453%	$399K	$194K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007479	−0.439%	$150K	$22K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007470	−0.559%	$615K	$102K	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	0.007476	−0.479%	—	$1.3M	—	as long as short
BloFin ALT-USDT	+0.0117%	4h	0.007482	−0.399%	$173K	$9K	50x	as long as short
Kraken Futures PF_ALTUSD	+0.0200%	1h	0.007489	−0.300%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTXlong	+0.0384%	1h	0.007512	long leg	$14K	$2K	50x