Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.4900%/8h= +536.5% APRpaid last 24h −0.005%

Price spread now: Injective against Binance−0.184%67s7-day average — · you buy dearer than you sell

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

Long on Binance Short on Injective

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

Funding pays, the price is against you. Injective is 0.184% cheaper against Binance than usual: you would sell low and buy high (spread −0.184% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 3 hours of funding at the current rate (+$147 a day). The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ALTUSDT	0.007618	0.0100	pay 0.0050% / 4h	2h 00m	$2.6M	$3.6M	50x
Short	Injective ALT/USDC PERP	0.007604	0.5000	get 0.0625% / 1h	0m 08s	$827	$4K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.184%Rate

Funding earned: $1,029
Price spread: −0.184% → 0.000%: −$18.38
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,000.6
Costs to cover: 0.100%
Break-even: 0.2 days

Slippage unknown: Binance: live order book, 6 min ago; Injective: 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, 6 min ago	2.63 bp	21.2 bp −$21	136.6 bp −$1,366	9109.6 bp −$911.0K	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 13 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	−0.0275%	1h	0.007616	−0.026%	—	$0	25x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007613	−0.066%	$1.1M	$189K	3x	as long as short
Binance ALTUSDTlong	+0.0100%	4h	0.007618	long leg	$2.6M	$3.6M	50x
Bybit ALTUSDT	+0.0100%	4h	0.007615	−0.039%	$1.2M	$1.6M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007612	−0.079%	$50K	$409K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007617	−0.013%	$410K	$187K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007623	+0.066%	$151K	$20K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007610	−0.105%	$601K	$110K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007617	−0.013%	—	$1.3M	—	as long as short
Variational Omni ALT	+0.0100%	4h	0.007614	−0.050%	$4K	$15K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ALTUSD	+0.0207%	1h	0.007621	+0.034%	$45K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0432%	1h	0.007644	+0.341%	$14K	$3K	50x	as long as short
Injective ALT/USDC PERPshort	+0.5000%	1h	0.007604	−0.184%	$827	$4K	5.5x