Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0251%/8h= +27.5% APRpaid last 24h —

Price spread now: Binance against Deribit+0.163%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 hours (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 +$8 a day on $10k at the current rate, and Binance is 0.163% dearer against Deribit than usual: you sell high and buy low: +$16 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	Deribit ALT_USDC-PERPETUAL	0.007485	−0.0151	get 0.0019% / 1h	55m 34s	—	$0	25x
Short	Binance ALTUSDT	0.007497	0.0100	get 0.0050% / 4h	2h 55m	$2.6M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Deribit. 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 DeribitbpFee BinancebpOrdersPrice spread, now +0.163%Rate

Funding earned: $52.66
Price spread: +0.163% → 0.000%: $16.29
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: $51.94
Costs to cover: 0.170%
Break-even: 0.1 days

Slippage unknown: Deribit: no order-book sample; Binance: live order book, 11 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 Deribit no order-book sample	—	—	—	—	—
Sell Binance live order book, 11 min ago	1.34 bp	20.5 bp −$20	91.4 bp −$914	doesn't fit	doesn't fit

Deribit: 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	−0.0842%	4h	0.007485	0.000%	$1.2M	$1.6M	25x	as long as short
Variational Omni ALT	−0.0452%	4h	0.007477	−0.107%	$4K	$12K	—	as long as short
Deribit ALT_USDC-PERPETUALlong	−0.0151%	1h	0.007485	long leg	—	$0	25x
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−1.389%	$815	$4K	5.5x	as long as short
BloFin ALT-USDT	+0.0061%	4h	0.007477	−0.107%	$173K	$9K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007480	−0.067%	$1.1M	$187K	3x	as long as short
Binance ALTUSDTshort	+0.0100%	4h	0.007497	+0.163%	$2.6M	$3.5M	50x
Gate ALT_USDT	+0.0100%	8h	0.007484	−0.013%	$51K	$413K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007491	+0.080%	$399K	$194K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007482	−0.040%	$150K	$22K	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	0.007491	+0.080%	$616K	$102K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007485	0.000%	—	$1.3M	—	as long as short
Kraken Futures PF_ALTUSD	+0.0200%	1h	0.007496	+0.143%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0384%	1h	0.007512	+0.361%	$14K	$2K	50x	as long as short