Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0388%/8h= +42.5% APRpaid last 24h +0.098%

Price spread now: Coinbase International against Binance+1.196%7-day average — · you sell dearer than you buy

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

Long on Binance 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 +$12 a day on $10k at the current rate, and Coinbase International is 1.196% dearer against Binance than usual: you sell high and buy low: +$120 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	Binance ALTUSDT	0.007600	0.0100	pay 0.0050% / 4h	3h 27m	$2.6M	$3.6M	50x
Short	Coinbase International ALT-PERP-INTX	0.007691	0.0488	get 0.0061% / 1h	27m 50s	$14K	$3K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now +1.196%Rate

Funding earned: $81.48
Price spread: +1.196% → 0.000%: $119.63
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $181.11
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Binance: live order book, 8 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 Binance live order book, 8 min ago	1.97 bp	15.8 bp −$16	136.1 bp −$1,361	8952.3 bp −$895.2K	doesn't fit
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
Deribit ALT_USDC-PERPETUAL	−0.0407%	1h	0.007601	+0.012%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+1.196%	$837	$4K	5.5x	as long as short
Kraken Futures PF_ALTUSD	+0.0042%	1h	0.007604	+0.053%	$44K	$8K	10x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007597	−0.041%	$1.1M	$148K	3x	as long as short
Binance ALTUSDTlong	+0.0100%	4h	0.007600	long leg	$2.6M	$3.6M	50x
Bybit ALTUSDT	+0.0100%	4h	0.007593	−0.093%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007596	−0.054%	$50K	$382K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007600	−0.001%	$387K	$179K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007607	+0.091%	$146K	$21K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007596	−0.054%	$613K	$126K	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	0.007599	−0.014%	—	$1.3M	—	as long as short
Variational Omni ALT	+0.0100%	4h	0.007609	+0.113%	$4K	$16K	—	as long as short
BloFin ALT-USDT	+0.0144%	4h	0.007612	+0.157%	$173K	$10K	50x	as long as short
Coinbase International ALT-PERP-INTXshort	+0.0488%	1h	0.007691	+1.196%	$14K	$3K	50x