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 −0.082%

Price spread now: BingX against Kraken Futures−0.089%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on BingX

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. BingX is 0.089% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.089% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 14 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ALTUSD	0.007556	−0.0425	get 0.0053% / 1h	54m 33s	$44K	$8K	10x
Short	BingX ALT-USDT	0.007549	0.0100	get 0.0050% / 4h	1h 54m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Kraken Futures. 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 Kraken FuturesbpFee BingXbpOrdersPrice spread, now −0.089%Rate

Funding earned: $110.23
Price spread: −0.089% → 0.000%: −$8.92
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $81.32
Costs to cover: 0.200%
Break-even: 1.8 days

Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 6 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell BingX live order book, 6 min ago	4.62 bp	24.1 bp −$24	55.8 bp −$558	544.6 bp −$54.5K	831.3 bp −$415.7K

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_ALTUSDlong	−0.0425%	1h	0.007556	long leg	$44K	$8K	10x
Deribit ALT_USDC-PERPETUAL	0.0000%	1h	0.007555	−0.010%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+1.790%	$837	$22	5.5x	as long as short
Variational Omni ALT	+0.0047%	4h	0.007550	−0.080%	$4K	$16K	—	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007550	−0.076%	$1.1M	$138K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007553	−0.036%	$2.6M	$3.4M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007546	−0.129%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007547	−0.116%	$50K	$382K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007552	−0.049%	$379K	$168K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007560	+0.056%	$146K	$19K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDT	+0.0100%	4h	0.007551	−0.063%	$606K	$129K	50x	as long as short
BingX ALT-USDTshort	+0.0100%	4h	0.007549	−0.089%	—	$1.3M	—
BloFin ALT-USDT	+0.0100%	4h	0.007560	+0.056%	$169K	$9K	50x	as long as short
Coinbase International ALT-PERP-INTX	+0.0424%	1h	0.007691	+1.790%	$14K	$2K	50x	as long as short