Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0356%/8h= +39.0% APRpaid last 24h +0.098%

Price spread now: Coinbase International against Binance+0.258%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Coinbase International is 0.258% dearer against Binance than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ALTUSDT	0.007562	0.0100	pay 0.0050% / 4h	41m 59s	$2.6M	$3.7M	50x
Short	Coinbase International ALT-PERP-INTX	0.007581	0.0456	get 0.0057% / 1h	41m 59s	$14K	$3K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now +0.258%Rate

Funding earned: $74.76
Price spread: +0.258% → 0.000%: $25.78
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $80.54
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Binance: live order book, 9 min ago; Coinbase International: 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 Binance live order book, 9 min ago	2.64 bp	21.9 bp −$22	131.9 bp −$1,319	8889.4 bp −$888.9K	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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
BloFin ALT-USDT	+0.0059%	4h	0.007569	+0.099%	$173K	$10K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007552	−0.126%	$1.1M	$193K	3x	as long as short
Binance ALTUSDTlong	+0.0100%	4h	0.007562	long leg	$2.6M	$3.7M	50x
Bybit ALTUSDT	+0.0100%	4h	0.007546	−0.205%	$1.2M	$1.7M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007558	−0.046%	$49K	$399K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007562	+0.006%	$383K	$186K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007563	+0.020%	$150K	$21K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007548	−0.179%	$594K	$110K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007561	−0.007%	—	$1.3M	—	as long as short
Variational Omni ALT	+0.0100%	4h	0.007540	−0.290%	$4K	$16K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ALTUSD	+0.0316%	1h	0.007564	+0.028%	$44K	$8K	10x	as long as short
Deribit ALT_USDC-PERPETUAL	+0.0411%	1h	0.007564	+0.033%	—	$0	25x	as long as short
Coinbase International ALT-PERP-INTXshort	+0.0456%	1h	0.007581	+0.258%	$14K	$3K	50x
Injective ALT/USDC PERP	+0.5000%	1h	0.007691	+1.712%	$837	$4K	5.5x	as long as short