Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0380%/8h= +41.6% APRpaid last 24h +0.111%

Price spread now: Coinbase International against Bybit+0.641%7-day average — · you sell dearer than you buy

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

Long on Bybit 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 +$11 a day on $10k at the current rate, and Coinbase International is 0.641% dearer against Bybit than usual: you sell high and buy low: +$64 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	Bybit ALTUSDT	0.007494	0.0100	pay 0.0050% / 4h	18m 40s	$1.2M	$1.8M	25x
Short	Coinbase International ALT-PERP-INTX	0.007542	0.0480	get 0.0060% / 1h	18m 40s	$13K	$2K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bybit. 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 BybitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.641%Rate

Funding earned: $79.8
Price spread: +0.641% → 0.000%: $64.05
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $122.85
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago	3.35 bp	25.9 bp −$26	233.8 bp −$2,338	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
Kraken Futures PF_ALTUSD	−0.0141%	1h	0.007500	+0.082%	$44K	$8K	10x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.629%	$837	$22	5.5x	as long as short
BloFin ALT-USDT	+0.0094%	4h	0.007491	−0.040%	$168K	$8K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007496	+0.027%	$1.1M	$136K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007500	+0.080%	$2.6M	$3.5M	50x	as long as short
Bybit ALTUSDTlong	+0.0100%	4h	0.007494	long leg	$1.2M	$1.8M	25x
Gate ALT_USDT	+0.0100%	8h	0.007493	−0.013%	$49K	$390K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007500	+0.080%	$378K	$169K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007502	+0.107%	$143K	$19K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007487	−0.093%	$600K	$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	0.007498	+0.053%	—	$1.3M	—	as long as short
Variational Omni ALT	+0.0100%	4h	0.007470	−0.324%	$4K	$16K	—	as long as short
Coinbase International ALT-PERP-INTXshort	+0.0480%	1h	0.007542	+0.641%	$13K	$2K	50x
Deribit ALT_USDC-PERPETUAL	+0.0550%	1h	0.007505	+0.147%	—	$0	25x	as long as short