Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0249%/8h= −27.3% APRpaid last 24h −0.099%

Price spread now: BloFin against Coinbase International−0.254%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 BloFin

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 −$7 a day on $10k at the current rate, and BloFin is 0.254% cheaper against Coinbase International than usual: you would sell low and buy high (−$25 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	0.007486	0.0384	pay 0.0048% / 1h	2m 31s	$14K	$3K	50x
Short	BloFin ALT-USDT	0.007467	0.0135	get 0.0067% / 4h	2h 02m	$172K	$9K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.254%Rate

Funding earned: −$52.36
Price spread: −0.254% → 0.000%: −$25.38
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$99.74
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; BloFin: live order book, 12 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 BloFin live order book, 12 min ago	2.01 bp	13.5 bp −$14	49.8 bp −$498	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
Variational Omni ALT	−0.0297%	4h	0.007461	−0.338%	$4K	$12K	—	as long as short
Deribit ALT_USDC-PERPETUAL	−0.0286%	1h	0.007463	−0.307%	—	$0	25x	as long as short
Bybit ALTUSDT	−0.0198%	4h	0.007457	−0.387%	$1.2M	$1.6M	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−1.403%	$815	$4K	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007459	−0.361%	$1.1M	$186K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007461	−0.334%	$2.6M	$3.5M	50x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007464	−0.294%	$51K	$418K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007461	−0.334%	$379K	$200K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007468	−0.240%	$149K	$22K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007453	−0.441%	$612K	$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	0.007456	−0.401%	—	$1.3M	—	as long as short
BloFin ALT-USDTshort	+0.0135%	4h	0.007467	−0.254%	$172K	$9K	50x
Kraken Futures PF_ALTUSD	+0.0201%	1h	0.007471	−0.204%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTXlong	+0.0384%	1h	0.007486	long leg	$14K	$3K	50x