Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.033%

Price spread now: Deribit against Bybit+0.080%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 Deribit

What this pair did over the last

the charts below follow

Funding, last 2 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. Deribit is 0.080% dearer against Bybit than usual: you sell high and buy low (spread +0.080% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ALTUSDT	0.007529	0.0100	pay 0.0050% / 4h	1h 55m	$1.2M	$1.7M	25x
Short	Deribit ALT_USDC-PERPETUAL	0.007535	0	get 0.0000% / 1h	55m 09s	—	$0	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.080%Rate

Funding earned: −$21
Price spread: +0.080% → 0.000%: $7.97
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$31.03
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 min ago; Deribit: 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, 4 min ago	3.99 bp	26.1 bp −$26	149.5 bp −$1,495	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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 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-PERPETUALshort	0.0000%	1h	0.007535	+0.080%	—	$0	25x
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.152%	$837	$22	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007531	+0.027%	$1.1M	$119K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007534	+0.066%	$2.6M	$3.3M	50x	as long as short
Bybit ALTUSDTlong	+0.0100%	4h	0.007529	long leg	$1.2M	$1.7M	25x
Gate ALT_USDT	+0.0100%	8h	0.007527	−0.027%	$50K	$366K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007535	+0.080%	$391K	$164K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007537	+0.106%	$146K	$18K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007530	+0.013%	$600K	$144K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007531	+0.027%	—	$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	0.007522	−0.099%	$4K	$12K	—	as long as short
BloFin ALT-USDT	+0.0143%	4h	0.007536	+0.093%	$170K	$6K	50x	as long as short
Kraken Futures PF_ALTUSD	+0.0333%	1h	0.007534	+0.066%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0560%	1h	0.007580	+0.677%	$14K	$2K	50x	as long as short