Settings8H · net · $10k
Funding arb · Price arb /

ALT

all ALT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0359%/8h= −39.3% APRnext payment $0.45 per $10,000 · paid last 24h −0.112%
Price spread now: Injective against Coinbase International−2.741%64s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Injective is 2.741% cheaper against Coinbase International than usual: you would sell low and buy high (−$274 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International ALT-PERP-INTX0.0075890.0392pay 0.0049% / 1h41m 25s$14K$3K50x
ShortInjective ALT/USDC PERP0.0073810.0033get 0.0004% / 1h41m 25s$815$4K5.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
−$75.32
Price spread: −2.741% → 0.000%
−$274.08
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$359.42
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Coinbase International: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell Injective no order-book sample
Coinbase International and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ALTUSD−0.0497%1h0.007553−0.474%$44K$8K10xas long as short
Deribit ALT_USDC-PERPETUAL−0.0280%1h0.007548−0.540%$025xas long as short
Gate ALT_USDT−0.0023%8h0.007544−0.593%$51K$403K25xas long as short
Variational Omni ALT+0.0019%4h0.007542−0.622%$5K$13Kas long as short
Injective ALT/USDC PERPshort+0.0033%1h0.007381−2.741%$815$4K5.5x
Hyperliquid ALT+0.0100%1h0.007546−0.567%$1.1M$184K3xas long as short
Binance ALTUSDT+0.0100%4h0.007547−0.553%$2.6M$3.6M50xas long as short
Bybit ALTUSDT+0.0100%4h0.007540−0.646%$1.2M$1.6M25xas long as short
MEXC ALT_USDT+0.0100%4h0.007548−0.540%$402K$184K50xas long as short
KuCoin ALTUSDTM+0.0100%4h0.007553−0.474%$149K$21K30xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ALTUSDT+0.0100%4h0.007533−0.738%$599K$123K50xas long as short
BingX ALT-USDT+0.0100%4h0.007545−0.580%$1.3Mas long as short
BloFin ALT-USDT+0.0150%4h0.007552−0.488%$172K$10K50xas long as short
Coinbase International ALT-PERP-INTXlong+0.0392%1h0.007589long leg$14K$3K50x