Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: Binance against Bybit+0.121%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$960.956% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 7 days−0.144%−$14 · spread now +0.121%, 7d avg +0.039%

Together, before fees−0.067%−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.082% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ALTUSDT	0.007440	0.0100	pay 0.0050% / 4h	1h 28m	$1.2M	$1.7M	25x
Short	Binance ALTUSDT	0.007449	0.0100	get 0.0050% / 4h	1h 28m	$2.6M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpFee BinancebpOrdersPrice spread, now +0.121%Rate

Funding earned: $0
Price spread: +0.121% → +0.039%: $8.17
Slippage, 4 orders: −$74.61
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$87.44
Costs to cover: 0.956%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 15 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 Bybit live order book, 1 min ago	4.03 bp	24.3 bp −$24	161.3 bp −$1,613	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	3.33 bp	17.4 bp −$17	92.1 bp −$921	doesn't fit	doesn't fit

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-PERPETUAL	0.0000%	1h	0.007450	+0.134%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+3.374%	$837	$22	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007445	+0.067%	$1.1M	$123K	3x	as long as short
Binance ALTUSDTshort	+0.0100%	4h	0.007449	+0.121%	$2.6M	$3.3M	50x
Bybit ALTUSDTlong	+0.0100%	4h	0.007440	long leg	$1.2M	$1.7M	25x
Gate ALT_USDT	+0.0100%	8h	0.007445	+0.067%	$49K	$368K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007447	+0.094%	$371K	$168K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007450	+0.134%	$145K	$18K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007435	−0.067%	$592K	$145K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007444	+0.054%	—	$1.3M	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ALT	+0.0100%	4h	0.007439	−0.017%	$4K	$9K	—	as long as short
BloFin ALT-USDT	+0.0148%	4h	0.007451	+0.148%	$170K	$6K	50x	as long as short
Kraken Futures PF_ALTUSD	+0.0336%	1h	0.007449	+0.115%	$45K	$10K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0560%	1h	0.007580	+1.882%	$14K	$2K	50x	as long as short