Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0241%/8h= −26.4% APRpaid last 24h +0.045%

Price spread now: Kraken Futures against MEXC−0.012%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 Kraken Futures

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ALT_USDT	0.007505	0.0100	pay 0.0050% / 4h	39m 55s	$377K	$167K	50x
Short	Kraken Futures PF_ALTUSD	0.007504	−0.0141	pay 0.0018% / 1h	39m 55s	$44K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$50.7
Price spread: −0.012% → 0.000%: −$1.17
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$65.87
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 45 min ago; Kraken Futures: 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, 45 min ago	2.65 bp	13.1 bp −$13	60.2 bp −$602	269.6 bp −$27.0K	467.5 bp −$233.8K
Sell Kraken Futures no order-book sample	—	—	—	—	—

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_ALTUSDshort	−0.0141%	1h	0.007504	−0.012%	$44K	$8K	10x
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.478%	$837	$22	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007505	0.000%	$1.1M	$136K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007509	+0.056%	$2.6M	$3.4M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007500	−0.067%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007497	−0.107%	$49K	$381K	25x	as long as short
MEXC ALT_USDTlong	+0.0100%	4h	0.007505	long leg	$377K	$167K	50x
KuCoin ALTUSDTM	+0.0100%	4h	0.007517	+0.160%	$144K	$19K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007496	−0.120%	$605K	$138K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007504	−0.013%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ALT	+0.0100%	4h	0.007512	+0.094%	$4K	$16K	—	as long as short
BloFin ALT-USDT	+0.0139%	4h	0.007525	+0.266%	$168K	$8K	50x	as long as short
Deribit ALT_USDC-PERPETUAL	+0.0282%	1h	0.007516	+0.147%	—	$0	25x	as long as short
Coinbase International ALT-PERP-INTX	+0.0480%	1h	0.007542	+0.493%	$13K	$2K	50x	as long as short