ALT

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhemexALTUSDT	0.006449	−0.3133	get 0.1566% / 4h	15m 55s	$93K	$192K	50x	Long Phemex
SHORT	HyperliquidALT	0.006484	−0.2662	pay 0.0333% / 1h	15m 55s	$1.3M	$615K	3x	Short Hyperliquid4% off

Price gap+0.543%

Funding gap+0.0470% /8h

Both sides work: funding pays +$14 a day on $10k, and the gap is 0.562% above its 7d average: +$56 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$24+0.0470% /8h now · paid −0.238% over the last 8 hours (all we have)

Price+$56spread +0.543% now, avg −0.020% → +0.562% if it goes back

Costs−$1101.096% of $10k · taker + slippage, in and out

Result−$77−0.77%+ Points / potential airdropHyperliquid: Season 2 · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.543%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

ALT on 13 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

Watch: Thin at this size31.1 / 25.1 bp
At $10k entering Phemex costs 31.1 bp, fee and slippage, 1.2× Hyperliquid’s.
Note: Margin at max leverage$200 + $3,333
Phemex 50x, Hyperliquid 3x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ4h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$14.11Long Phemex: 6 payments, +$93.98; short Hyperliquid: 24 payments, −$79.87.
OK: Entry gap works for you+0.543% vs −0.020%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$93K vs $1.3M OI
Phemex sets your exit cost. Check its book before closing.
OK: Points on a legHyperliquid Season 2
Volume here counts toward the points program.
Watch: KYCPhemex Yes · Hyperliquid No
KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.2462%/8h × 21 periods−$517.01

Price spread+0.543% → −0.020% (7d avg)+$56.22

Slippage, 4 orderslive order books−$88.63

Fee Phemex bp × 2 orders−$12.00

Fee Hyperliquid bp × 2 orders−$9.00

Net · 7 days · $10k−$570.41

Costs to cover1.096%Break-evennever at this rate

Slippage: Phemex: live order book, 20 min ago; Hyperliquid: live order book, 11 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhemex3.0931.1 bp−$31142.2 bp−$1,422doesn’t fitdoesn’t fit

SELL · SHORTHyperliquid1.5525.1 bp−$25122.3 bp−$1,223doesn’t fitdoesn’t fit

Closing costs about the same again.

ALT news

posts that mention ALT, from every exchangeSearch all news →

10-26 03:39	Phemex	Listing	new market ALTUSDT ($ALT) seen by our collector
09-18 10:04	Deribit	Listing	🚨 Now live on Deribit: MORPHO · AERO · BASED1 · S · EIGEN · JTO · NIGHT · AVNT · STRK · COMP · ALT · DYDX · OPN · TOWNS · PYTH · RUNE · RESOLV · ATOM USDC-settled perpetuals. ↓ @DeribitOfficial on X ↗
09-17 15:30	Deribit	Listing	🚨 More new perpetual futures are coming to Deribit We are pleased to announce that tomorrow, September 18, 2026, at 10:00 AM UTC, Deribit is launching a new lineup of USDC-settled perpetuals. MORPHO · AERO · BASED1 · S · EIGEN · JTO · NIGHT · AVNT · STRK · COMP · ALT · DYDX · OPN · TOWNS · PYTH · RUNE · RESOLV · ATOM Contract details: 🔹Settlement: USDC 🔹All contract details and specifications 🔽 Please note that these newly listed perpetual contracts are subject to our Auto-Deleveraging Mechanism (ADL) and are covered by the Liquidity Support Program (LSP). By trading any of the products listed above, you acknowledge and agree that the terms of ADL and LSP will apply. @DeribitOfficial on X ↗

ALT