Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.035%

Price spread now: Deribit against Bitget+0.107%7-day average — · you sell dearer than you buy

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

Long on Bitget 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

The price spread pays, funding is against you. Deribit is 0.107% dearer against Bitget than usual: you sell high and buy low (spread +0.107% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ALTUSDT	0.007495	0.0100	pay 0.0050% / 4h	10m 01s	$598K	$130K	50x
Short	Deribit ALT_USDC-PERPETUAL	0.007503	0	get 0.0000% / 1h	10m 01s	—	$0	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bitget. 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 BitgetbpFee DeribitbpOrdersPrice spread, now +0.107%Rate

Funding earned: −$21
Price spread: +0.107% → 0.000%: $10.67
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$29.33
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 28 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 Bitget live order book, 28 min ago	10.72 bp	32.1 bp −$32	235.1 bp −$2,351	doesn't fit	doesn't fit
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 exchanges

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	0.0000%	1h	0.007503	+0.107%	—	$0	25x
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.615%	$837	$22	5.5x	as long as short
Variational Omni ALT	+0.0082%	4h	0.007494	−0.014%	$4K	$7K	—	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007499	+0.053%	$1.1M	$120K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007505	+0.135%	$2.6M	$3.3M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007499	+0.053%	$1.2M	$1.6M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007497	+0.027%	$50K	$367K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007502	+0.093%	$387K	$167K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007502	+0.093%	$148K	$20K	30x	as long as short
Bitget ALTUSDTlong	+0.0100%	4h	0.007495	long leg	$598K	$130K	50x

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ALT-USDT	+0.0100%	4h	0.007502	+0.093%	—	$1.3M	—	as long as short
BloFin ALT-USDT	+0.0151%	4h	0.007499	+0.053%	$169K	$6K	50x	as long as short
Kraken Futures PF_ALTUSD	+0.0491%	1h	0.007506	+0.142%	$44K	$12K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0552%	1h	0.007580	+1.134%	$14K	$2K	50x	as long as short