Settings8H · net · $10k
Funding arb · Price arb /

ALT

all ALT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0225%/8h= +24.7% APRnext payment +$0.28 per $10,000 · paid last 24h −0.012%
Price spread now: Coinbase International against Kraken Futures+0.208%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.208% dearer against Kraken Futures than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ALTUSD0.0076280.0207pay 0.0026% / 1h25m 05s$45K$8K10x
ShortCoinbase International ALT-PERP-INTX0.0076440.0432get 0.0054% / 1h25m 05s$14K$3K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$47.33
Price spread: +0.208% → 0.000%
$20.79
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$48.12
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: Kraken Futures: no order-book sample; Coinbase International: 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
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample
Sell Coinbase International no order-book sample
Kraken Futures and Coinbase International: 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 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ALT_USDC-PERPETUAL0.0000%1h0.007627−0.015%$025xas long as short
Hyperliquid ALT+0.0100%1h0.007619−0.120%$1.1M$193K3xas long as short
Binance ALTUSDT+0.0100%4h0.007626−0.031%$2.6M$3.7M50xas long as short
Bybit ALTUSDT+0.0100%4h0.007614−0.185%$1.2M$1.6M25xas long as short
Gate ALT_USDT+0.0100%8h0.007619−0.120%$50K$407K25xas long as short
MEXC ALT_USDT+0.0100%4h0.007625−0.041%$407K$185K50xas long as short
KuCoin ALTUSDTM+0.0100%4h0.007625−0.041%$151K$20K30xas long as short
Bitget ALTUSDT+0.0100%4h0.007623−0.067%$602K$114K50xas long as short
BingX ALT-USDT+0.0100%4h0.007619−0.120%$1.3Mas long as short
Variational Omni ALT+0.0100%4h0.007620−0.110%$4K$15Kas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ALTUSDlong+0.0207%1h0.007628long leg$45K$8K10x
Coinbase International ALT-PERP-INTXshort+0.0432%1h0.007644+0.208%$14K$3K50x
Injective ALT/USDC PERP+0.5000%1h0.007604−0.316%$827$4K5.5xas long as short