Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0476%/8h= −52.1% APRpaid last 24h −0.102%

Price spread now: BingX against Coinbase International−0.412%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on BingX

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 against this trade now: funding costs −$14 a day on $10k at the current rate, and BingX is 0.412% cheaper against Coinbase International than usual: you would sell low and buy high (−$41 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ALT-PERP-INTX	0.007524	0.0576	pay 0.0072% / 1h	38m 04s	$13K	$2K	50x
Short	BingX ALT-USDT	0.007493	0.0100	get 0.0050% / 4h	3h 38m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Coinbase International. 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 Coinbase InternationalbpFee BingXbpOrdersPrice spread, now −0.412%Rate

Funding earned: −$99.96
Price spread: −0.412% → 0.000%: −$41.2
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$161.16
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; BingX: live order book, 8 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell BingX live order book, 8 min ago	4.66 bp	23.1 bp −$23	62.3 bp −$623	543.6 bp −$54.4K	770.3 bp −$385.2K

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
Deribit ALT_USDC-PERPETUAL	+0.0017%	1h	0.007496	−0.372%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.220%	$837	$22	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007496	−0.372%	$1.1M	$132K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007498	−0.346%	$2.6M	$3.5M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007493	−0.412%	$1.2M	$1.7M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007492	−0.425%	$50K	$377K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007497	−0.359%	$364K	$168K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007500	−0.319%	$144K	$20K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007483	−0.545%	$599K	$144K	50x	as long as short
BingX ALT-USDTshort	+0.0100%	4h	0.007493	−0.412%	—	$1.3M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ALT	+0.0100%	4h	0.007489	−0.468%	$4K	$14K	—	as long as short
BloFin ALT-USDT	+0.0149%	4h	0.007508	−0.213%	$168K	$8K	50x	as long as short
Kraken Futures PF_ALTUSD	+0.0383%	1h	0.007495	−0.382%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTXlong	+0.0576%	1h	0.007524	long leg	$13K	$2K	50x