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 −0.006%

Price spread now: Bybit against Gate+0.146%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$887as in the Funding arb table

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

costs, in and out, $10k−$8798.791% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.146%, 7d avg −0.019%

Together, before fees−0.211%−$21 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: Bybit is 0.165% dearer against Gate than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ALT_USDT	0.007515	0.0100	pay 0.0100% / 8h	7h 23m	$50K	$381K	25x
Short	Bybit ALTUSDT	0.007526	0.0100	get 0.0050% / 4h	3h 23m	$1.2M	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.146%Rate

Funding earned: $0
Price spread: +0.146% → −0.019%: $16.54
Slippage, 4 orders: −$853.07
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$862.53
Costs to cover: 8.791%
Break-even: never at this rate

Slippage from Gate: live order book, 7 min ago; Bybit: live order book, 3 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, 7 min ago	6.02 bp	354.8 bp −$355	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	4.01 bp	29.2 bp −$29	134.9 bp −$1,349	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
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.342%	$837	$22	5.5x	as long as short
BloFin ALT-USDT	+0.0041%	4h	0.007514	−0.013%	$169K	$8K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007525	+0.133%	$1.1M	$132K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007534	+0.249%	$2.6M	$3.5M	50x	as long as short
Bybit ALTUSDTshort	+0.0100%	4h	0.007526	+0.146%	$1.2M	$1.7M	25x
Gate ALT_USDTlong	+0.0100%	8h	0.007515	long leg	$50K	$381K	25x
MEXC ALT_USDT	+0.0100%	4h	0.007533	+0.240%	$365K	$169K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007525	+0.133%	$146K	$20K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007521	+0.080%	$601K	$148K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007533	+0.240%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ALT	+0.0100%	4h	0.007471	−0.592%	$4K	$14K	—	as long as short
Deribit ALT_USDC-PERPETUAL	+0.0281%	1h	0.007536	+0.279%	—	$0	25x	as long as short
Kraken Futures PF_ALTUSD	+0.0381%	1h	0.007535	+0.272%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0576%	1h	0.007524	+0.120%	$13K	$2K	50x	as long as short