Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h —

Price spread now: Deribit against KuCoin+0.053%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 6 hours (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. Deribit is 0.053% dearer against KuCoin than usual: you sell high and buy low (spread +0.053% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ALTUSDTM	0.007502	0.0100	pay 0.0050% / 4h	2h 23m	$150K	$22K	30x
Short	Deribit ALT_USDC-PERPETUAL	0.007506	0	get 0.0000% / 1h	23m 56s	—	$0	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against KuCoin. 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 KuCoinbpFee DeribitbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$21
Price spread: +0.053% → 0.000%: $5.33
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$34.67
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 55 min ago; Deribit: 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 KuCoin live order book, 55 min ago	18.00 bp	345.1 bp −$345	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
Bybit ALTUSDT	−0.0431%	4h	0.007503	+0.013%	$1.2M	$1.6M	25x	as long as short
Variational Omni ALT	−0.0424%	4h	0.007491	−0.150%	$4K	$12K	—	as long as short
Deribit ALT_USDC-PERPETUALshort	0.0000%	1h	0.007506	+0.053%	—	$0	25x
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−1.613%	$815	$4K	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007503	+0.013%	$1.1M	$187K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007506	+0.053%	$2.6M	$3.5M	50x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007493	−0.120%	$51K	$417K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007505	+0.040%	$401K	$196K	50x	as long as short
KuCoin ALTUSDTMlong	+0.0100%	4h	0.007502	long leg	$150K	$22K	30x
Bitget ALTUSDT	+0.0100%	4h	0.007491	−0.147%	$615K	$100K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ALT-USDT	+0.0100%	4h	0.007501	−0.013%	—	$1.3M	—	as long as short
BloFin ALT-USDT	+0.0126%	4h	0.007489	−0.173%	$172K	$9K	50x	as long as short
Kraken Futures PF_ALTUSD	+0.0200%	1h	0.007516	+0.185%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0384%	1h	0.007512	+0.133%	$14K	$3K	50x	as long as short