Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0235%/8h= +25.8% APRpaid last 24h +0.057%

Price spread now: Kraken Futures against BingX+0.100%7-day average — · you sell dearer than you buy

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

Long on BingX 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

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Kraken Futures is 0.100% dearer against BingX than usual: you sell high and buy low: +$10 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	BingX ALT-USDT	0.007466	0.0100	pay 0.0050% / 4h	1h 08m	—	$1.3M	—
Short	Kraken Futures PF_ALTUSD	0.007473	0.0335	get 0.0042% / 1h	8m 03s	$45K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now +0.100%Rate

Funding earned: $49.41
Price spread: +0.100% → 0.000%: $9.98
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $39.39
Costs to cover: 0.200%
Break-even: 1.4 days

Slippage unknown: BingX: live order book, 1 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 BingX live order book, 1 min ago	4.69 bp	20.5 bp −$20	66.1 bp −$661	599.7 bp −$60.0K	800.3 bp −$400.2K
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 exchanges

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	0.0000%	1h	0.007473	+0.094%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+3.014%	$837	$22	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007467	+0.013%	$1.1M	$119K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007471	+0.069%	$2.6M	$3.3M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007465	−0.013%	$1.2M	$1.7M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007469	+0.040%	$51K	$374K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007472	+0.080%	$374K	$171K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007476	+0.134%	$146K	$18K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007474	+0.107%	$595K	$144K	50x	as long as short
BingX ALT-USDTlong	+0.0100%	4h	0.007466	long leg	—	$1.3M	—

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ALT	+0.0100%	4h	0.007459	−0.092%	$4K	$9K	—	as long as short
BloFin ALT-USDT	+0.0145%	4h	0.007474	+0.107%	$170K	$6K	50x	as long as short
Kraken Futures PF_ALTUSDshort	+0.0335%	1h	0.007473	+0.100%	$45K	$10K	10x
Coinbase International ALT-PERP-INTX	+0.0560%	1h	0.007580	+1.527%	$14K	$2K	50x	as long as short