Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.003%

Price spread now: BloFin against Gate+0.119%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$595as in the Funding arb table

Net, price: spread back to 7d avg − costs−$588as in the Price arb table

costs, in and out, $10k−$5955.949% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 3 days (all we have)+0.036%+$4 · spread now +0.119%, 7d avg +0.053%

Together, before fees+0.031%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.066% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ALT_USDT	0.007555	0.0100	pay 0.0100% / 8h	7h 18m	$51K	$407K	25x
Short	BloFin ALT-USDT	0.007564	0.0140	get 0.0070% / 4h	3h 18m	$172K	$10K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.119%Rate

Funding earned: $8.41
Price spread: +0.119% → +0.053%: $6.57
Slippage, 4 orders: −$567.91
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$579.93
Costs to cover: 5.949%
Break-even: 490.0 days

Slippage from Gate: live order book, 52 min ago; BloFin: live order book, 45 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, 52 min ago	7.96 bp	271.9 bp −$272	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 45 min ago	3.96 bp	21.2 bp −$21	62.9 bp −$629	doesn't fit	doesn't fit

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
Kraken Futures PF_ALTUSD	−0.0496%	1h	0.007561	+0.076%	$44K	$8K	10x	as long as short
Deribit ALT_USDC-PERPETUAL	0.0000%	1h	0.007563	+0.106%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−2.303%	$815	$4K	5.5x	as long as short
Variational Omni ALT	+0.0040%	4h	0.007560	+0.063%	$5K	$13K	—	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007553	−0.026%	$1.1M	$179K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007553	−0.021%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007553	−0.026%	$1.2M	$1.6M	25x	as long as short
Gate ALT_USDTlong	+0.0100%	8h	0.007555	long leg	$51K	$407K	25x
MEXC ALT_USDT	+0.0100%	4h	0.007555	0.000%	$416K	$186K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007565	+0.132%	$149K	$21K	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	0.007538	−0.225%	$599K	$124K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007549	−0.079%	—	$1.3M	—	as long as short
BloFin ALT-USDTshort	+0.0140%	4h	0.007564	+0.119%	$172K	$10K	50x
Coinbase International ALT-PERP-INTX	+0.0392%	1h	0.007589	+0.450%	$14K	$3K	50x	as long as short