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

ALT

all ALT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0440%/8h= +48.2% APRnext payment +$0.55 per $10,000 · paid last 24h +0.160%
Price spread now: Coinbase International against Deribit+0.052%7-day average · you sell dearer than you buy
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 2 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 for this trade now. Funding pays +$13 a day on $10k at the current rate, and Coinbase International is 0.052% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit ALT_USDC-PERPETUAL0.0076960get 0.0000% / 1h15m 30s$025x
ShortCoinbase International ALT-PERP-INTX0.0077000.0440get 0.0055% / 1h15m 30s$14K$3K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$92.4
Price spread: +0.052% → 0.000%
$5.2
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$80.6
Costs to cover
0.170%
Break-even
0.9 days
Slippage unknown: Deribit: no order-book sample; Coinbase International: 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 Deribit no order-book sample
Sell Coinbase International no order-book sample
Deribit and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ALT_USDC-PERPETUALlong0.0000%1h0.007696long leg$025x
Injective ALT/USDC PERP+0.0033%1h0.007691−0.065%$837$4K5.5xas long as short
Hyperliquid ALT+0.0100%1h0.007667−0.377%$1.1M$194K3xas long as short
Binance ALTUSDT+0.0100%4h0.007672−0.311%$2.6M$3.7M50xas long as short
Bybit ALTUSDT+0.0100%4h0.007670−0.338%$1.2M$1.7M25xas long as short
Gate ALT_USDT+0.0100%8h0.007674−0.286%$50K$400K25xas long as short
MEXC ALT_USDT+0.0100%4h0.007676−0.260%$425K$183K50xas long as short
KuCoin ALTUSDTM+0.0100%4h0.007680−0.208%$152K$20K30xas long as short
Bitget ALTUSDT+0.0100%4h0.007672−0.312%$605K$108K50xas long as short
BingX ALT-USDT+0.0100%4h0.007675−0.273%$1.3Mas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ALT+0.0100%4h0.007687−0.117%$4K$16Kas long as short
BloFin ALT-USDT+0.0129%4h0.007661−0.455%$125K$10K50xas long as short
Coinbase International ALT-PERP-INTXshort+0.0440%1h0.007700+0.052%$14K$3K50x
Kraken Futures PF_ALTUSD+0.0442%1h0.007696−0.002%$45K$8K10xas long as short