Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.062%

Price spread now: Deribit against Binance+0.013%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 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ALTUSDT	0.007671	0.0100	pay 0.0050% / 4h	1h 10m	$2.6M	$3.7M	50x
Short	Deribit ALT_USDC-PERPETUAL	0.007672	0	get 0.0000% / 1h	10m 50s	—	$0	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$21
Price spread: +0.013% → 0.000%: $1.3
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$36.7
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 10 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 Binance live order book, 10 min ago	0.65 bp	20.4 bp −$20	141.4 bp −$1,414	9299.5 bp −$930.0K	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
Deribit ALT_USDC-PERPETUALshort	0.0000%	1h	0.007672	+0.013%	—	$0	25x
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+0.261%	$837	$4K	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007661	−0.130%	$1.1M	$194K	3x	as long as short
Binance ALTUSDTlong	+0.0100%	4h	0.007671	long leg	$2.6M	$3.7M	50x
Bybit ALTUSDT	+0.0100%	4h	0.007663	−0.104%	$1.2M	$1.7M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007666	−0.065%	$50K	$401K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007671	0.000%	$410K	$185K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007671	0.000%	$152K	$20K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007659	−0.156%	$604K	$108K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007666	−0.065%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ALT	+0.0100%	4h	0.007661	−0.130%	$4K	$16K	—	as long as short
BloFin ALT-USDT	+0.0127%	4h	0.007668	−0.039%	$125K	$10K	50x	as long as short
Coinbase International ALT-PERP-INTX	+0.0440%	1h	0.007700	+0.378%	$14K	$3K	50x	as long as short
Kraken Futures PF_ALTUSD	+0.0443%	1h	0.007673	+0.030%	$45K	$8K	10x	as long as short