Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0103%/8h= +11.3% APRpaid last 24h −0.055%

Price spread now: BloFin against Injective−0.611%7-day average — · you buy dearer than you sell

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

Long on Injective Short on BloFin

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

Funding pays, the price is against you. BloFin is 0.611% cheaper against Injective than usual: you would sell low and buy high (spread −0.611% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$61 on $10k: about 20 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ALT/USDC PERP	0.007691	0.0033	pay 0.0004% / 1h	5m 56s	$837	$4K	5.5x
Short	BloFin ALT-USDT	0.007644	0.0136	get 0.0068% / 4h	1h 05m	$125K	$10K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee BloFinbpOrdersPrice spread, now −0.611%Rate

Funding earned: $21.62
Price spread: −0.611% → 0.000%: −$61.11
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$51.51
Costs to cover: 0.120%
Break-even: 23.7 days

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 31 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 Injective no order-book sample	—	—	—	—	—
Sell BloFin live order book, 31 min ago	3.28 bp	20.6 bp −$21	53.1 bp −$531	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ALT_USDC-PERPETUAL	−0.0012%	1h	0.007630	−0.793%	—	$0	25x	as long as short
Injective ALT/USDC PERPlong	+0.0033%	1h	0.007691	long leg	$837	$4K	5.5x
Hyperliquid ALT	+0.0100%	1h	0.007630	−0.793%	$1.1M	$193K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007628	−0.824%	$2.6M	$3.7M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007617	−0.962%	$1.2M	$1.7M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007635	−0.728%	$48K	$403K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007631	−0.780%	$406K	$186K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007642	−0.637%	$152K	$20K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007623	−0.884%	$601K	$108K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007620	−0.923%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ALT	+0.0100%	4h	0.007624	−0.871%	$4K	$16K	—	as long as short
BloFin ALT-USDTshort	+0.0136%	4h	0.007644	−0.611%	$125K	$10K	50x
Coinbase International ALT-PERP-INTX	+0.0440%	1h	0.007700	+0.117%	$14K	$3K	50x	as long as short
Kraken Futures PF_ALTUSD	+0.0445%	1h	0.007637	−0.700%	$45K	$8K	10x	as long as short