Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0292%/8h= −32.0% APRpaid last 24h −0.099%

Price spread now: Gate against Coinbase International−0.488%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 Gate

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 Gate is 0.488% cheaper against Coinbase International than usual: you would sell low and buy high (−$49 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	0.007589	0.0392	pay 0.0049% / 1h	46m 41s	$14K	$3K	50x
Short	Gate ALT_USDT	0.007552	0.0100	get 0.0100% / 8h	7h 46m	$52K	$402K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.488%Rate

Funding earned: −$61.32
Price spread: −0.488% → 0.000%: −$48.75
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$135.07
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Gate: live order book, 24 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 Gate live order book, 24 min ago	7.96 bp	287.3 bp −$287	doesn't fit	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
Kraken Futures PF_ALTUSD	−0.0497%	1h	0.007553	−0.477%	$44K	$8K	10x	as long as short
Deribit ALT_USDC-PERPETUAL	−0.0412%	1h	0.007549	−0.527%	—	$0	25x	as long as short
Variational Omni ALT	+0.0013%	4h	0.007549	−0.529%	$5K	$13K	—	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−2.741%	$815	$4K	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007546	−0.567%	$1.1M	$183K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007550	−0.514%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007545	−0.580%	$1.2M	$1.6M	25x	as long as short
Gate ALT_USDTshort	+0.0100%	8h	0.007552	−0.488%	$52K	$402K	25x
MEXC ALT_USDT	+0.0100%	4h	0.007549	−0.527%	$402K	$183K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007554	−0.461%	$149K	$21K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDT	+0.0100%	4h	0.007550	−0.514%	$606K	$119K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007551	−0.501%	—	$1.3M	—	as long as short
BloFin ALT-USDT	+0.0132%	4h	0.007549	−0.527%	$172K	$10K	50x	as long as short
Coinbase International ALT-PERP-INTXlong	+0.0392%	1h	0.007589	long leg	$14K	$3K	50x