Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against Gate−0.079%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$854as in the Funding arb table

Net, price: spread back to 7d avg − costs−$862as in the Price arb table

costs, in and out, $10k−$8538.532% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.129%+$13 · spread now −0.079%, 7d avg +0.011%

Together, before fees+0.126%+$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.090% cheaper against Gate than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ALT_USDT	0.007616	0.0100	pay 0.0100% / 8h	3h 54m	$49K	$377K	25x
Short	BingX ALT-USDT	0.007610	0.0100	get 0.0050% / 4h	3h 54m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now −0.079%Rate

Funding earned: $0
Price spread: −0.079% → +0.011%: −$9.03
Slippage, 4 orders: −$828.2
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$862.22
Costs to cover: 8.532%
Break-even: never at this rate

Slippage from Gate: live order book, 61 min ago; BingX: live order book, 2 min ago.

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 Gate live order book, 61 min ago	5.25 bp	529.3 bp −$529	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	3.94 bp	21.1 bp −$21	61.1 bp −$611	507.2 bp −$50.7K	743.5 bp −$371.8K

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	−0.0013%	1h	0.007613	−0.039%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+0.985%	$837	$4K	5.5x	as long as short
Kraken Futures PF_ALTUSD	+0.0042%	1h	0.007616	−0.004%	$44K	$8K	10x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007613	−0.039%	$1.1M	$148K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007618	+0.022%	$2.7M	$3.8M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007610	−0.079%	$1.2M	$1.9M	25x	as long as short
Gate ALT_USDTlong	+0.0100%	8h	0.007616	long leg	$49K	$377K	25x
MEXC ALT_USDT	+0.0100%	4h	0.007618	+0.026%	$386K	$177K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007624	+0.105%	$150K	$22K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007615	−0.013%	$612K	$123K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ALT-USDTshort	+0.0100%	4h	0.007610	−0.079%	—	$1.3M	—
Variational Omni ALT	+0.0100%	4h	0.007607	−0.123%	$4K	$16K	—	as long as short
BloFin ALT-USDT	+0.0150%	4h	0.007616	0.000%	$174K	$11K	50x	as long as short
Coinbase International ALT-PERP-INTX	+0.0488%	1h	0.007691	+0.985%	$14K	$3K	50x	as long as short