Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0525%/8h= −57.5% APRpaid last 24h +0.062%

Price spread now: Kraken Futures against Gate+0.116%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Kraken Futures

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Kraken Futures is 0.116% dearer against Gate than usual: you sell high and buy low (spread +0.116% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ALT_USDT	0.007542	0.0100	pay 0.0100% / 8h	1h 50m	$50K	$382K	25x
Short	Kraken Futures PF_ALTUSD	0.007551	−0.0425	pay 0.0053% / 1h	50m 36s	$44K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.116%Rate

Funding earned: −$110.29
Price spread: +0.116% → 0.000%: $11.63
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$123.66
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 55 min ago; Kraken Futures: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 55 min ago	3.30 bp	376.8 bp −$377	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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_ALTUSDshort	−0.0425%	1h	0.007551	+0.116%	$44K	$8K	10x
Deribit ALT_USDC-PERPETUAL	−0.0147%	1h	0.007550	+0.106%	—	$0	25x	as long as short
Variational Omni ALT	+0.0017%	4h	0.007540	−0.030%	$4K	$16K	—	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+1.976%	$837	$22	5.5x	as long as short
BloFin ALT-USDT	+0.0084%	4h	0.007541	−0.013%	$169K	$9K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007547	+0.066%	$1.1M	$138K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007550	+0.108%	$2.6M	$3.4M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007546	+0.053%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDTlong	+0.0100%	8h	0.007542	long leg	$50K	$382K	25x
MEXC ALT_USDT	+0.0100%	4h	0.007554	+0.159%	$379K	$168K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ALTUSDTM	+0.0100%	4h	0.007550	+0.106%	$146K	$19K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007544	+0.027%	$606K	$129K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007552	+0.133%	—	$1.3M	—	as long as short
Coinbase International ALT-PERP-INTX	+0.0424%	1h	0.007691	+1.976%	$14K	$2K	50x	as long as short