Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0348%/8h= +38.1% APRpaid last 24h +0.100%

Price spread now: Coinbase International against MEXC+0.187%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Coinbase International is 0.187% dearer against MEXC than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ALT_USDT	0.007504	0.0100	pay 0.0050% / 4h	1h 38m	$390K	$189K	50x
Short	Coinbase International ALT-PERP-INTX	0.007518	0.0448	get 0.0056% / 1h	38m 41s	$14K	$3K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against MEXC. 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 MEXCbpFee Coinbase InternationalbpOrdersPrice spread, now +0.187%Rate

Funding earned: $73.08
Price spread: +0.187% → 0.000%: $18.66
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $77.74
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: MEXC: live order book, 35 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 35 min ago	0.67 bp	11.7 bp −$12	60.2 bp −$602	261.1 bp −$26.1K	473.6 bp −$236.8K
Sell Coinbase International no order-book sample	—	—	—	—	—

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 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
Variational Omni ALT	−0.0222%	4h	0.007481	−0.311%	$4K	$12K	—	as long as short
Deribit ALT_USDC-PERPETUAL	0.0000%	1h	0.007509	+0.067%	—	$0	25x	as long as short
Bybit ALTUSDT	+0.0007%	4h	0.007493	−0.147%	$1.2M	$1.6M	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−1.639%	$815	$4K	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007500	−0.053%	$1.1M	$185K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007502	−0.027%	$2.6M	$3.5M	50x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007501	−0.040%	$50K	$413K	25x	as long as short
MEXC ALT_USDTlong	+0.0100%	4h	0.007504	long leg	$390K	$189K	50x
KuCoin ALTUSDTM	+0.0100%	4h	0.007506	+0.027%	$149K	$21K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007501	−0.040%	$616K	$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	0.007503	−0.013%	—	$1.3M	—	as long as short
BloFin ALT-USDT	+0.0107%	4h	0.007508	+0.053%	$172K	$9K	50x	as long as short
Kraken Futures PF_ALTUSD	+0.0347%	1h	0.007512	+0.110%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTXshort	+0.0448%	1h	0.007518	+0.187%	$14K	$3K	50x