Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Bitget+0.201%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$657as in the Funding arb table

Net, price: spread back to 7d avg − costs−$645as in the Price arb table

costs, in and out, $10k−$6596.595% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)−0.186%−$19 · spread now +0.201%, 7d avg +0.061%

Together, before fees−0.160%−$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.140% dearer against Bitget than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ALTUSDT	0.007470	0.0100	pay 0.0050% / 4h	2h 34m	$614K	$99K	50x
Short	Gate ALT_USDT	0.007485	0.0100	get 0.0100% / 8h	2h 34m	$51K	$414K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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 BitgetbpFee GatebpOrdersPrice spread, now +0.201%Rate

Funding earned: $0
Price spread: +0.201% → +0.061%: $14.02
Slippage, 4 orders: −$632.47
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$645.45
Costs to cover: 6.595%
Break-even: never at this rate

Slippage from Bitget: live order book, 51 min ago; Gate: live order book, 51 min ago.

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 Bitget live order book, 51 min ago	7.34 bp	37.4 bp −$37	217.1 bp −$2,171	doesn't fit	doesn't fit
Sell Gate live order book, 51 min ago	8.67 bp	277.1 bp −$277	doesn't fit	doesn't fit	doesn't fit

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
Bybit ALTUSDT	−0.0518%	4h	0.007477	+0.094%	$1.2M	$1.6M	25x	as long as short
Variational Omni ALT	−0.0451%	4h	0.007473	+0.037%	$4K	$12K	—	as long as short
Deribit ALT_USDC-PERPETUAL	−0.0151%	1h	0.007486	+0.214%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−1.191%	$815	$4K	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007479	+0.120%	$1.1M	$187K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007482	+0.163%	$2.6M	$3.5M	50x	as long as short
Gate ALT_USDTshort	+0.0100%	8h	0.007485	+0.201%	$51K	$414K	25x
MEXC ALT_USDT	+0.0100%	4h	0.007483	+0.174%	$400K	$196K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007481	+0.147%	$149K	$22K	30x	as long as short
Bitget ALTUSDTlong	+0.0100%	4h	0.007470	long leg	$614K	$99K	50x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ALT-USDT	+0.0100%	4h	0.007477	+0.094%	—	$1.3M	—	as long as short
BloFin ALT-USDT	+0.0120%	4h	0.007476	+0.080%	$172K	$9K	50x	as long as short
Kraken Futures PF_ALTUSD	+0.0200%	1h	0.007491	+0.287%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0384%	1h	0.007512	+0.562%	$14K	$2K	50x	as long as short