Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0558%/8h= +61.1% APRpaid last 24h −0.084%

Price spread now: BloFin against Kraken Futures−0.182%57s7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on BloFin

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

Funding pays, the price is against you. BloFin is 0.182% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.182% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 26 hours of funding at the current rate (+$17 a day). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ALTUSD	0.007552	−0.0473	get 0.0059% / 1h	36m 06s	$44K	$8K	10x
Short	BloFin ALT-USDT	0.007538	0.0085	get 0.0042% / 4h	2h 36m	$172K	$9K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Kraken Futures. 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 Kraken FuturesbpFee BloFinbpOrdersPrice spread, now −0.182%Rate

Funding earned: $117.18
Price spread: −0.182% → 0.000%: −$18.25
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $76.93
Costs to cover: 0.220%
Break-even: 2.4 days

Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 44 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell BloFin live order book, 44 min ago	1.98 bp	15.6 bp −$16	42.2 bp −$422	doesn't fit	doesn't fit

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_ALTUSDlong	−0.0473%	1h	0.007552	long leg	$44K	$8K	10x
Deribit ALT_USDC-PERPETUAL	0.0000%	1h	0.007553	+0.016%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+1.844%	$837	$4K	5.5x	as long as short
Variational Omni ALT	+0.0083%	4h	0.007552	0.000%	$4K	$16K	—	as long as short
BloFin ALT-USDTshort	+0.0085%	4h	0.007538	−0.182%	$172K	$9K	50x
Hyperliquid ALT	+0.0100%	1h	0.007546	−0.077%	$1.1M	$137K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007550	−0.024%	$2.6M	$3.5M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007549	−0.037%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007560	+0.109%	$49K	$378K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007550	−0.024%	$379K	$171K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ALTUSDTM	+0.0100%	4h	0.007552	+0.003%	$144K	$20K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007539	−0.169%	$606K	$130K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007547	−0.063%	—	$1.3M	—	as long as short
Coinbase International ALT-PERP-INTX	+0.0408%	1h	0.007691	+1.844%	$14K	$3K	50x	as long as short