Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0058%/8h= −6.4% APRpaid last 24h +0.096%

Price spread now: Kraken Futures against MEXC+0.012%7-day average — · you sell dearer than you buy

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

Long on MEXC 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ALT_USDT	0.007604	0.0100	pay 0.0050% / 4h	3h 15m	$390K	$180K	50x
Short	Kraken Futures PF_ALTUSD	0.007605	0.0042	get 0.0005% / 1h	15m 35s	$44K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$12.24
Price spread: +0.012% → 0.000%: $1.22
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$25.01
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 20 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 MEXC live order book, 20 min ago	2.63 bp	4.8 bp −$5	45.7 bp −$457	255.1 bp −$25.5K	440.9 bp −$220.5K
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
Deribit ALT_USDC-PERPETUAL	−0.0276%	1h	0.007607	+0.039%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+1.144%	$837	$4K	5.5x	as long as short
Kraken Futures PF_ALTUSDshort	+0.0042%	1h	0.007605	+0.012%	$44K	$8K	10x
BloFin ALT-USDT	+0.0071%	4h	0.007607	+0.039%	$173K	$10K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007602	−0.026%	$1.1M	$146K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007602	−0.026%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007594	−0.132%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007602	−0.026%	$49K	$382K	25x	as long as short
MEXC ALT_USDTlong	+0.0100%	4h	0.007604	long leg	$390K	$180K	50x
KuCoin ALTUSDTM	+0.0100%	4h	0.007609	+0.066%	$146K	$22K	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	0.007603	−0.013%	$614K	$126K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007604	0.000%	—	$1.3M	—	as long as short
Variational Omni ALT	+0.0100%	4h	0.007597	−0.096%	$4K	$16K	—	as long as short
Coinbase International ALT-PERP-INTX	+0.0488%	1h	0.007691	+1.144%	$14K	$3K	50x	as long as short