Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0047%/8h= +5.2% APRpaid last 24h +0.002%

Price spread now: Gate against BloFin−0.254%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$606as in the Funding arb table

Net, price: spread back to 7d avg − costs−$627as in the Price arb table

costs, in and out, $10k−$6076.070% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)+0.124%+$12 · spread now −0.254%, 7d avg −0.056%

Together, before fees+0.133%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.198% cheaper against BloFin than usual: you would sell low and buy high (spread −0.254% now, against its 7-day average of −0.056%). If the spread goes back, that is −$20 on $10k: about 14 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.009% in total) that is about 5 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ALT-USDT	0.007491	0.0053	pay 0.0026% / 4h	20m 58s	$168K	$8K	50x
Short	Gate ALT_USDT	0.007472	0.0100	get 0.0100% / 8h	20m 58s	$49K	$389K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.254%Rate

Funding earned: $9.92
Price spread: −0.254% → −0.056%: −$19.81
Slippage, 4 orders: −$580.03
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$616.91
Costs to cover: 6.070%
Break-even: 442.1 days

Slippage from BloFin: live order book, 49 min ago; Gate: live order book, 14 min ago.

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, 49 min ago	3.32 bp	15.8 bp −$16	56.2 bp −$562	doesn't fit	doesn't fit
Sell Gate live order book, 14 min ago	2.67 bp	214.2 bp −$214	doesn't fit	doesn't fit	doesn't fit

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_ALTUSD	−0.0142%	1h	0.007481	−0.128%	$44K	$8K	10x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.670%	$837	$22	5.5x	as long as short
BloFin ALT-USDTlong	+0.0053%	4h	0.007491	long leg	$168K	$8K	50x
Hyperliquid ALT	+0.0100%	1h	0.007478	−0.174%	$1.1M	$136K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007483	−0.107%	$2.6M	$3.5M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007473	−0.240%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDTshort	+0.0100%	8h	0.007472	−0.254%	$49K	$389K	25x
MEXC ALT_USDT	+0.0100%	4h	0.007482	−0.120%	$378K	$168K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007480	−0.147%	$143K	$19K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007469	−0.294%	$599K	$143K	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	0.007480	−0.147%	—	$1.3M	—	as long as short
Variational Omni ALT	+0.0100%	4h	0.007470	−0.285%	$4K	$16K	—	as long as short
Deribit ALT_USDC-PERPETUAL	+0.0419%	1h	0.007482	−0.120%	—	$0	25x	as long as short
Coinbase International ALT-PERP-INTX	+0.0480%	1h	0.007542	+0.681%	$13K	$2K	50x	as long as short