Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0595%/8h= −65.1% APRpaid last 24h +0.121%

Price spread now: Kraken Futures against Gate+0.231%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Kraken Futures is 0.231% dearer against Gate than usual: you sell high and buy low (spread +0.231% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ALT_USDT	0.007564	0.0100	pay 0.0100% / 8h	7h 15m	$51K	$408K	25x
Short	Kraken Futures PF_ALTUSD	0.007582	−0.0495	pay 0.0062% / 1h	15m 58s	$44K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.231%Rate

Funding earned: −$124.9
Price spread: +0.231% → 0.000%: $23.14
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$126.76
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 54 min ago; Kraken Futures: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 54 min ago	7.96 bp	271.9 bp −$272	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ALTUSDshort	−0.0495%	1h	0.007582	+0.231%	$44K	$8K	10x
Deribit ALT_USDC-PERPETUAL	0.0000%	1h	0.007573	+0.119%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−2.419%	$815	$4K	5.5x	as long as short
Variational Omni ALT	+0.0037%	4h	0.007553	−0.141%	$5K	$13K	—	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007573	+0.119%	$1.1M	$179K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007578	+0.185%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007571	+0.093%	$1.2M	$1.6M	25x	as long as short
Gate ALT_USDTlong	+0.0100%	8h	0.007564	long leg	$51K	$408K	25x
MEXC ALT_USDT	+0.0100%	4h	0.007573	+0.119%	$417K	$187K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007571	+0.093%	$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	0.007568	+0.053%	$601K	$124K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007570	+0.079%	—	$1.3M	—	as long as short
BloFin ALT-USDT	+0.0126%	4h	0.007554	−0.132%	$172K	$10K	50x	as long as short
Coinbase International ALT-PERP-INTX	+0.0392%	1h	0.007589	+0.331%	$14K	$3K	50x	as long as short