Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0596%/8h= −65.3% APRpaid last 24h +0.121%

Price spread now: Kraken Futures against Bitget+0.253%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 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 pays, funding is against you. Kraken Futures is 0.253% dearer against Bitget than usual: you sell high and buy low (spread +0.253% now, against zero (this spread has no 7-day history yet)): +$25 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ALTUSDT	0.007542	0.0100	pay 0.0050% / 4h	3h 30m	$600K	$123K	50x
Short	Kraken Futures PF_ALTUSD	0.007561	−0.0496	pay 0.0062% / 1h	30m 44s	$44K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.253%Rate

Funding earned: −$125.18
Price spread: +0.253% → 0.000%: $25.31
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$121.86
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Bitget: live order book, 39 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 Bitget live order book, 39 min ago	3.98 bp	27.1 bp −$27	doesn't fit	doesn't fit	doesn't fit
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	−0.0496%	1h	0.007561	+0.253%	$44K	$8K	10x
Gate ALT_USDT	−0.0147%	8h	0.007545	+0.040%	$51K	$403K	25x	as long as short
Deribit ALT_USDC-PERPETUAL	0.0000%	1h	0.007556	+0.186%	—	$0	25x	as long as short
Variational Omni ALT	+0.0032%	4h	0.007546	+0.051%	$5K	$13K	—	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−2.135%	$815	$4K	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007552	+0.133%	$1.1M	$179K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007556	+0.182%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007550	+0.106%	$1.2M	$1.6M	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007555	+0.172%	$402K	$184K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007551	+0.119%	$149K	$21K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDTlong	+0.0100%	4h	0.007542	long leg	$600K	$123K	50x
BingX ALT-USDT	+0.0100%	4h	0.007549	+0.093%	—	$1.3M	—	as long as short
BloFin ALT-USDT	+0.0115%	4h	0.007556	+0.186%	$172K	$10K	50x	as long as short
Coinbase International ALT-PERP-INTX	+0.0392%	1h	0.007589	+0.623%	$14K	$3K	50x	as long as short