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

ALT

all ALT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0764%/8h= +83.7% APRnext payment +$0.96 per $10,000 · paid last 24h +0.161%
Price spread now: Coinbase International against Deribit+1.211%7-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 2 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Coinbase International is 1.211% dearer against Deribit than usual: you sell high and buy low: +$121 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit ALT_USDC-PERPETUAL0.007599−0.0276get 0.0035% / 1h25m 56s$025x
ShortCoinbase International ALT-PERP-INTX0.0076910.0488get 0.0061% / 1h25m 56s$14K$3K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$160.46
Price spread: +1.211% → 0.000%
$121.07
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$264.53
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: Deribit: no order-book sample; Coinbase International: 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 Deribit no order-book sample
Sell Coinbase International no order-book sample
Deribit and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ALT_USDC-PERPETUALlong−0.0276%1h0.007599long leg$025x
Injective ALT/USDC PERP+0.0033%1h0.007691+1.211%$837$4K5.5xas long as short
Kraken Futures PF_ALTUSD+0.0042%1h0.0075990.000%$44K$8K10xas long as short
Hyperliquid ALT+0.0100%1h0.007592−0.092%$1.1M$148K3xas long as short
Binance ALTUSDT+0.0100%4h0.007600+0.013%$2.6M$3.6M50xas long as short
Bybit ALTUSDT+0.0100%4h0.007592−0.092%$1.2M$1.8M25xas long as short
Gate ALT_USDT+0.0100%8h0.007596−0.039%$49K$382K25xas long as short
MEXC ALT_USDT+0.0100%4h0.0075990.000%$387K$179K50xas long as short
KuCoin ALTUSDTM+0.0100%4h0.007601+0.026%$147K$21K30xas long as short
Bitget ALTUSDT+0.0100%4h0.007596−0.039%$613K$126K50xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ALT-USDT+0.0100%4h0.007597−0.026%$1.3Mas long as short
Variational Omni ALT+0.0100%4h0.007594−0.071%$4K$16Kas long as short
BloFin ALT-USDT+0.0154%4h0.007610+0.145%$173K$10K50xas long as short
Coinbase International ALT-PERP-INTXshort+0.0488%1h0.007691+1.211%$14K$3K50x