Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0374%/8h= −41.0% APRpaid last 24h −0.101%

Price spread now: BloFin against Coinbase International−0.504%58s7-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 BloFin

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 −$11 a day on $10k at the current rate, and BloFin is 0.504% cheaper against Coinbase International than usual: you would sell low and buy high (−$50 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ALT-PERP-INTX	0.007547	0.0424	pay 0.0053% / 1h	1m 57s	$13K	$2K	50x
Short	BloFin ALT-USDT	0.007509	0.0050	get 0.0025% / 4h	1h 01m	$168K	$8K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.504%Rate

Funding earned: −$78.62
Price spread: −0.504% → 0.000%: −$50.35
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$150.97
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; BloFin: 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 BloFin live order book, 8 min ago	3.32 bp	18.2 bp −$18	56.1 bp −$561	doesn't fit	doesn't fit

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	−0.0428%	1h	0.007503	−0.589%	$44K	$8K	10x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+1.908%	$837	$22	5.5x	as long as short
BloFin ALT-USDTshort	+0.0050%	4h	0.007509	−0.504%	$168K	$8K	50x
Variational Omni ALT	+0.0098%	4h	0.007523	−0.316%	$4K	$16K	—	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007496	−0.676%	$1.1M	$136K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007501	−0.606%	$2.6M	$3.5M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007499	−0.636%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007490	−0.755%	$49K	$390K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007501	−0.610%	$378K	$171K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007505	−0.557%	$144K	$19K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDT	+0.0100%	4h	0.007496	−0.676%	$607K	$136K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007498	−0.649%	—	$1.3M	—	as long as short
Deribit ALT_USDC-PERPETUAL	+0.0150%	1h	0.007501	−0.610%	—	$0	25x	as long as short
Coinbase International ALT-PERP-INTXlong	+0.0424%	1h	0.007547	long leg	$13K	$2K	50x