Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against Gate+0.040%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$866as in the Funding arb table

Net, price: spread back to 7d avg − costs−$863as in the Price arb table

costs, in and out, $10k−$8668.659% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.040%, 7d avg +0.016%

Together, before fees+0.001%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.024% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ALT_USDT	0.007560	0.0100	pay 0.0100% / 8h	7h 05m	$51K	$383K	25x
Short	BingX ALT-USDT	0.007563	0.0100	get 0.0050% / 4h	3h 05m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → +0.016%: $2.42
Slippage, 4 orders: −$840.9
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$863.48
Costs to cover: 8.659%
Break-even: never at this rate

Slippage from Gate: live order book, 25 min ago; BingX: live order book, 10 min ago.

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 Gate live order book, 25 min ago	6.02 bp	354.8 bp −$355	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	5.29 bp	21.0 bp −$21	53.8 bp −$538	545.7 bp −$54.6K	793.6 bp −$396.8K

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
Deribit ALT_USDC-PERPETUAL	0.0000%	1h	0.007566	+0.079%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+1.733%	$837	$22	5.5x	as long as short
BloFin ALT-USDT	+0.0043%	4h	0.007572	+0.159%	$168K	$6K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007564	+0.053%	$1.1M	$131K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007567	+0.093%	$2.6M	$3.4M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007565	+0.066%	$1.2M	$1.7M	25x	as long as short
Gate ALT_USDTlong	+0.0100%	8h	0.007560	long leg	$51K	$383K	25x
MEXC ALT_USDT	+0.0100%	4h	0.007568	+0.106%	$383K	$173K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007572	+0.159%	$147K	$20K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007554	−0.079%	$603K	$148K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ALT-USDTshort	+0.0100%	4h	0.007563	+0.040%	—	$1.3M	—
Variational Omni ALT	+0.0100%	4h	0.007564	+0.056%	$4K	$14K	—	as long as short
Kraken Futures PF_ALTUSD	+0.0379%	1h	0.007576	+0.217%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0576%	1h	0.007580	+0.265%	$14K	$2K	50x	as long as short