Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.035%

Price spread now: KuCoin against Deribit−0.040%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on KuCoin

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. KuCoin is 0.040% cheaper against Deribit than usual: you would sell low and buy high (spread −0.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 32 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ALT_USDC-PERPETUAL	0.007503	0	get 0.0000% / 1h	11m 17s	—	$0	25x
Short	KuCoin ALTUSDTM	0.007500	0.0100	get 0.0050% / 4h	11m 17s	$148K	$20K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.040%Rate

Funding earned: $21
Price spread: −0.040% → 0.000%: −$4
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$2
Costs to cover: 0.190%
Break-even: 7.7 days

Slippage unknown: Deribit: no order-book sample; KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	6.66 bp	651.3 bp −$651	doesn't fit	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 exchanges

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
Deribit ALT_USDC-PERPETUALlong	0.0000%	1h	0.007503	long leg	—	$0	25x
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.506%	$837	$22	5.5x	as long as short
Variational Omni ALT	+0.0079%	4h	0.007488	−0.202%	$4K	$7K	—	as long as short
BloFin ALT-USDT	+0.0094%	4h	0.007493	−0.133%	$170K	$6K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007498	−0.067%	$1.1M	$120K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007502	−0.009%	$2.6M	$3.3M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007498	−0.067%	$1.2M	$1.6M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007496	−0.093%	$50K	$367K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007499	−0.053%	$387K	$167K	50x	as long as short
KuCoin ALTUSDTMshort	+0.0100%	4h	0.007500	−0.040%	$148K	$20K	30x

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDT	+0.0100%	4h	0.007493	−0.133%	$597K	$130K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007498	−0.067%	—	$1.3M	—	as long as short
Kraken Futures PF_ALTUSD	+0.0492%	1h	0.007501	−0.024%	$44K	$12K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0552%	1h	0.007580	+1.026%	$14K	$2K	50x	as long as short