Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0299%/8h= +32.8% APRpaid last 24h +0.102%

Price spread now: Coinbase International against BloFin+0.105%7-day average — · you sell dearer than you buy

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

Long on BloFin 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 +$9 a day on $10k at the current rate, and Coinbase International is 0.105% dearer against BloFin than usual: you sell high and buy low: +$10 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	BloFin ALT-USDT	0.007642	0.0157	pay 0.0078% / 4h	15m 10s	$173K	$11K	50x
Short	Coinbase International ALT-PERP-INTX	0.007650	0.0456	get 0.0057% / 1h	15m 10s	$14K	$3K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.105%Rate

Funding earned: $62.88
Price spread: +0.105% → 0.000%: $10.47
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $51.34
Costs to cover: 0.220%
Break-even: 1.3 days

Slippage unknown: BloFin: live order book, 15 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 BloFin live order book, 15 min ago	2.63 bp	22.5 bp −$22	67.9 bp −$679	doesn't fit	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
Hyperliquid ALT	+0.0100%	1h	0.007632	−0.131%	$1.1M	$187K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007639	−0.040%	$2.7M	$3.8M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007628	−0.183%	$1.2M	$1.9M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007632	−0.131%	$52K	$415K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007640	−0.026%	$387K	$187K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007639	−0.039%	$152K	$21K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007625	−0.222%	$599K	$113K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007636	−0.079%	—	$1.3M	—	as long as short
Variational Omni ALT	+0.0100%	4h	0.007626	−0.214%	$4K	$16K	—	as long as short
BloFin ALT-USDTlong	+0.0157%	4h	0.007642	long leg	$173K	$11K	50x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ALT_USDC-PERPETUAL	+0.0274%	1h	0.007640	−0.026%	—	$0	25x	as long as short
Kraken Futures PF_ALTUSD	+0.0313%	1h	0.007638	−0.057%	$45K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTXshort	+0.0456%	1h	0.007650	+0.105%	$14K	$3K	50x
Injective ALT/USDC PERP	+0.5000%	1h	0.007691	+0.641%	$837	$4K	5.5x	as long as short