Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.013%

Price spread now: Gate against Injective−0.355%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 Gate

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. Gate is 0.355% cheaper against Injective than usual: you would sell low and buy high (spread −0.355% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$36 on $10k: about 18 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ALT/USDC PERP	0.007604	0.0033	pay 0.0004% / 1h	6m 46s	$827	$4K	5.5x
Short	Gate ALT_USDT	0.007577	0.0100	get 0.0100% / 8h	7h 06m	$52K	$410K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Injective. 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 InjectivebpFee GatebpOrdersPrice spread, now −0.355%Rate

Funding earned: $14
Price spread: −0.355% → 0.000%: −$35.51
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$36.53
Costs to cover: 0.150%
Break-even: 25.3 days

Slippage unknown: Injective: no order-book sample; Gate: live order book, 64 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 Gate live order book, 64 min ago	7.96 bp	287.3 bp −$287	doesn't fit	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
Kraken Futures PF_ALTUSD	−0.0494%	1h	0.007587	−0.228%	$44K	$8K	10x	as long as short
Deribit ALT_USDC-PERPETUAL	0.0000%	1h	0.007584	−0.263%	—	$0	25x	as long as short
Injective ALT/USDC PERPlong	+0.0033%	1h	0.007604	long leg	$827	$4K	5.5x
BloFin ALT-USDT	+0.0057%	4h	0.007591	−0.171%	$172K	$10K	50x	as long as short
Variational Omni ALT	+0.0075%	4h	0.007563	−0.536%	$5K	$13K	—	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007579	−0.329%	$1.1M	$180K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007580	−0.314%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007571	−0.434%	$1.2M	$1.6M	25x	as long as short
Gate ALT_USDTshort	+0.0100%	8h	0.007577	−0.355%	$52K	$410K	25x
MEXC ALT_USDT	+0.0100%	4h	0.007580	−0.316%	$417K	$187K	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	0.007583	−0.276%	$149K	$21K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007580	−0.316%	$602K	$124K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007581	−0.302%	—	$1.3M	—	as long as short
Coinbase International ALT-PERP-INTX	+0.0392%	1h	0.007598	−0.079%	$14K	$3K	50x	as long as short