Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0482%/8h= +52.8% APRpaid last 24h +0.102%

Price spread now: Coinbase International against BloFin+0.669%58s7-day average — · you sell dearer than you buy

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

Long on BloFin 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 +$14 a day on $10k at the current rate, and Coinbase International is 0.669% dearer against BloFin than usual: you sell high and buy low: +$67 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ALT-USDT	0.007474	0.0094	pay 0.0047% / 4h	3h 26m	$168K	$8K	50x
Short	Coinbase International ALT-PERP-INTX	0.007524	0.0576	get 0.0072% / 1h	26m 07s	$13K	$2K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.669%Rate

Funding earned: $101.31
Price spread: +0.669% → 0.000%: $66.9
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $146.2
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: BloFin: live order book, 39 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 BloFin live order book, 39 min ago	2.00 bp	18.0 bp −$18	61.4 bp −$614	doesn't fit	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
Deribit ALT_USDC-PERPETUAL	0.0000%	1h	0.007482	+0.107%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.903%	$837	$22	5.5x	as long as short
BloFin ALT-USDTlong	+0.0094%	4h	0.007474	long leg	$168K	$8K	50x
Hyperliquid ALT	+0.0100%	1h	0.007478	+0.054%	$1.1M	$132K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007481	+0.094%	$2.6M	$3.5M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007475	+0.013%	$1.2M	$1.7M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007474	0.000%	$50K	$379K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007479	+0.067%	$363K	$169K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007485	+0.147%	$144K	$20K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007473	−0.013%	$597K	$148K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ALT-USDT	+0.0100%	4h	0.007478	+0.054%	—	$1.3M	—	as long as short
Variational Omni ALT	+0.0100%	4h	0.007469	−0.070%	$4K	$14K	—	as long as short
Kraken Futures PF_ALTUSD	+0.0383%	1h	0.007481	+0.093%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTXshort	+0.0576%	1h	0.007524	+0.669%	$13K	$2K	50x