Settings8H · net · $10k
Funding arb · Price arb /

ALT

all ALT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0551%/8h= −60.3% APRnext payment $0.69 per $10,000 · paid last 24h +0.002%
Price spread now: Injective against Coinbase International+1.464%64s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Injective is 1.464% dearer against Coinbase International than usual: you sell high and buy low (spread +1.464% now, against zero (this spread has no 7-day history yet)): +$146 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 8.9 days. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International ALT-PERP-INTX0.0075800.0584pay 0.0073% / 1h58m 05s$14K$2K50x
ShortInjective ALT/USDC PERP0.0076910.0033get 0.0004% / 1h58m 05s$837$225.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
−$115.64
Price spread: +1.464% → 0.000%
$146.44
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$20.78
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Coinbase International: no order-book sample; Injective: 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell Injective no order-book sample
Coinbase International and Injective: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ALT_USDC-PERPETUAL0.0000%1h0.007558−0.290%$025xas long as short
Injective ALT/USDC PERPshort+0.0033%1h0.007691+1.464%$837$225.5x
Hyperliquid ALT+0.0100%1h0.007551−0.383%$1.1M$131K3xas long as short
Binance ALTUSDT+0.0100%4h0.007555−0.332%$2.6M$3.4M50xas long as short
Bybit ALTUSDT+0.0100%4h0.007549−0.409%$1.2M$1.7M25xas long as short
Gate ALT_USDT+0.0100%8h0.007560−0.264%$51K$366K25xas long as short
MEXC ALT_USDT+0.0100%4h0.007555−0.330%$389K$165K50xas long as short
KuCoin ALTUSDTM+0.0100%4h0.007563−0.224%$147K$20K30xas long as short
Bitget ALTUSDT+0.0100%4h0.007549−0.409%$602K$147K50xas long as short
BingX ALT-USDT+0.0100%4h0.007553−0.356%$1.3Mas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ALT+0.0100%4h0.007553−0.355%$4K$14Kas long as short
BloFin ALT-USDT+0.0123%4h0.007557−0.303%$168K$6K50xas long as short
Kraken Futures PF_ALTUSD+0.0368%1h0.007558−0.291%$44K$8K10xas long as short
Coinbase International ALT-PERP-INTXlong+0.0584%1h0.007580long leg$14K$2K50x