Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0049%/8h= +5.3% APRpaid last 24h −0.057%

Price spread now: Deribit against KuCoin−0.093%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 2 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. Deribit is 0.093% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.093% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 6.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ALTUSDTM	0.007533	0.0100	pay 0.0050% / 4h	1h 17m	$145K	$19K	30x
Short	Deribit ALT_USDC-PERPETUAL	0.007526	0.0149	get 0.0019% / 1h	17m 21s	—	$0	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against KuCoin. 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 KuCoinbpFee DeribitbpOrdersPrice spread, now −0.093%Rate

Funding earned: $10.24
Price spread: −0.093% → 0.000%: −$9.29
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$18.05
Costs to cover: 0.190%
Break-even: 19.3 days

Slippage unknown: KuCoin: live order book, 23 min ago; Deribit: 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 KuCoin live order book, 23 min ago	7.96 bp	296.8 bp −$297	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.0427%	1h	0.007525	−0.108%	$44K	$8K	10x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.097%	$837	$22	5.5x	as long as short
Variational Omni ALT	+0.0068%	4h	0.007526	−0.090%	$4K	$16K	—	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007522	−0.146%	$1.1M	$137K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007526	−0.093%	$2.6M	$3.5M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007519	−0.186%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007521	−0.159%	$50K	$387K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007524	−0.119%	$379K	$170K	50x	as long as short
KuCoin ALTUSDTMlong	+0.0100%	4h	0.007533	long leg	$145K	$19K	30x
Bitget ALTUSDT	+0.0100%	4h	0.007514	−0.252%	$602K	$132K	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-USDT	+0.0100%	4h	0.007523	−0.133%	—	$1.3M	—	as long as short
BloFin ALT-USDT	+0.0124%	4h	0.007534	+0.013%	$168K	$8K	50x	as long as short
Deribit ALT_USDC-PERPETUALshort	+0.0149%	1h	0.007526	−0.093%	—	$0	25x
Coinbase International ALT-PERP-INTX	+0.0424%	1h	0.007547	+0.186%	$13K	$2K	50x	as long as short