Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0509%/8h= −55.8% APRpaid last 24h −0.063%

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

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

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 2 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 against this trade now: funding costs −$15 a day on $10k at the current rate, and Deribit is 0.053% cheaper against MEXC than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ALT_USDT	0.007581	0.0100	pay 0.0050% / 4h	3h 08m	$389K	$180K	50x
Short	Deribit ALT_USDC-PERPETUAL	0.007577	−0.0409	pay 0.0051% / 1h	8m 27s	—	$0	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$106.99
Price spread: −0.053% → 0.000%: −$5.28
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$123.26
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 27 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 MEXC live order book, 27 min ago	2.63 bp	4.8 bp −$5	45.7 bp −$457	255.1 bp −$25.5K	440.9 bp −$220.5K
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
Deribit ALT_USDC-PERPETUALshort	−0.0409%	1h	0.007577	−0.053%	—	$0	25x
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+1.451%	$837	$4K	5.5x	as long as short
Kraken Futures PF_ALTUSD	+0.0042%	1h	0.007578	−0.034%	$44K	$8K	10x	as long as short
BloFin ALT-USDT	+0.0043%	4h	0.007597	+0.211%	$172K	$10K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007577	−0.053%	$1.1M	$141K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007579	−0.028%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007573	−0.106%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007579	−0.026%	$49K	$382K	25x	as long as short
MEXC ALT_USDTlong	+0.0100%	4h	0.007581	long leg	$389K	$180K	50x
KuCoin ALTUSDTM	+0.0100%	4h	0.007587	+0.079%	$146K	$22K	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	0.007581	0.000%	$612K	$127K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007577	−0.053%	—	$1.3M	—	as long as short
Variational Omni ALT	+0.0100%	4h	0.007594	+0.166%	$4K	$16K	—	as long as short
Coinbase International ALT-PERP-INTX	+0.0488%	1h	0.007691	+1.451%	$14K	$3K	50x	as long as short