ALT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.16 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against BloFin−0.159%7-day average −0.119% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$920.922% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 3 days (all we have)−0.149%−$15 · spread now −0.159%, 7d avg −0.119%

Together, before fees−0.154%−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.040% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.119%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ALT-USDT	0.007542	0.0132	pay 0.0066% / 4h	46m 50s	$171K	$10K	50x
Short	Bitget ALTUSDT	0.007530	0.0100	get 0.0050% / 4h	46m 50s	$619K	$100K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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 BloFinbpFee BitgetbpOrdersPrice spread, now −0.159%Rate

Funding earned: −$6.79
Price spread: −0.159% → −0.119%: −$4.01
Slippage, 4 orders: −$68.18
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$102.98
Costs to cover: 0.922%
Break-even: never at this rate

Slippage from BloFin: live order book, 22 min ago; Bitget: live order book, 28 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 BloFin live order book, 22 min ago	3.33 bp	14.4 bp −$14	52.1 bp −$521	doesn't fit	doesn't fit
Sell Bitget live order book, 28 min ago	4.00 bp	33.6 bp −$34	134.6 bp −$1,346	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
Kraken Futures PF_ALTUSD	−0.0089%	1h	0.007542	+0.003%	$44K	$8K	10x	as long as short
Variational Omni ALT	−0.0061%	4h	0.007528	−0.185%	$4K	$12K	—	as long as short
Deribit ALT_USDC-PERPETUAL	0.0000%	1h	0.007535	−0.093%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−2.135%	$815	$4K	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007538	−0.053%	$1.1M	$185K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007541	−0.016%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007537	−0.066%	$1.2M	$1.6M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007533	−0.119%	$50K	$411K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007535	−0.093%	$401K	$184K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007538	−0.053%	$150K	$21K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDTshort	+0.0100%	4h	0.007530	−0.159%	$619K	$100K	50x
BingX ALT-USDT	+0.0100%	4h	0.007538	−0.053%	—	$1.3M	—	as long as short
BloFin ALT-USDTlong	+0.0132%	4h	0.007542	long leg	$171K	$10K	50x
Coinbase International ALT-PERP-INTX	+0.0416%	1h	0.007548	+0.080%	$14K	$3K	50x	as long as short