Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.057%

Price spread now: BingX against Deribit−0.027%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on BingX

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

Funding pays, the price is against you. BingX is 0.027% cheaper against Deribit than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 25 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ALT_USDC-PERPETUAL	0.007509	0.0016	pay 0.0002% / 1h	4m 14s	—	$0	25x
Short	BingX ALT-USDT	0.007507	0.0100	get 0.0050% / 4h	1h 04m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Deribit. 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 DeribitbpFee BingXbpOrdersPrice spread, now −0.027%Rate

Funding earned: $17.55
Price spread: −0.027% → 0.000%: −$2.66
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$2.11
Costs to cover: 0.170%
Break-even: 7.8 days

Slippage unknown: Deribit: no order-book sample; BingX: live order book, 10 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 Deribit no order-book sample	—	—	—	—	—
Sell BingX live order book, 10 min ago	4.66 bp	26.4 bp −$26	62.4 bp −$624	502.8 bp −$50.3K	740.3 bp −$370.1K

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 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	−0.0427%	1h	0.007511	+0.027%	$44K	$8K	10x	as long as short
Deribit ALT_USDC-PERPETUALlong	+0.0016%	1h	0.007509	long leg	—	$0	25x
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.424%	$837	$22	5.5x	as long as short
Variational Omni ALT	+0.0098%	4h	0.007523	+0.189%	$4K	$16K	—	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007506	−0.040%	$1.1M	$136K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007509	−0.006%	$2.6M	$3.5M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007508	−0.013%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007504	−0.067%	$49K	$390K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007509	0.000%	$378K	$171K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007516	+0.093%	$145K	$20K	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	0.007510	+0.013%	$608K	$136K	50x	as long as short
BingX ALT-USDTshort	+0.0100%	4h	0.007507	−0.027%	—	$1.3M	—
BloFin ALT-USDT	+0.0101%	4h	0.007514	+0.067%	$168K	$8K	50x	as long as short
Coinbase International ALT-PERP-INTX	+0.0424%	1h	0.007547	+0.506%	$13K	$2K	50x	as long as short