Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h +0.002%

Price spread now: Gate against BloFin+0.039%48s7-day average −0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$836as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$8378.367% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.270%−$27 · spread now +0.039%, 7d avg −0.054%

Together, before fees−0.261%−$26 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 0.094% dearer against BloFin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.054%. The two prices were read 48 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	0.007608	0.0097	pay 0.0049% / 4h	2h 52m	$172K	$9K	50x
Short	Gate ALT_USDT	0.007611	0.0100	get 0.0100% / 8h	2h 52m	$50K	$370K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.039%Rate

Funding earned: $0.54
Price spread: +0.039% → −0.054%: $9.38
Slippage, 4 orders: −$809.74
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$826.82
Costs to cover: 8.367%
Break-even: 10627.4 days

Slippage from BloFin: live order book, 28 min ago; Gate: live order book, 58 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, 28 min ago	1.98 bp	20.6 bp −$21	49.1 bp −$491	doesn't fit	doesn't fit
Sell Gate live order book, 58 min ago	8.51 bp	264.6 bp −$265	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
Kraken Futures PF_ALTUSD	−0.0469%	1h	0.007619	+0.145%	$45K	$8K	10x	as long as short
Deribit ALT_USDC-PERPETUAL	−0.0144%	1h	0.007619	+0.145%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+1.091%	$837	$4K	5.5x	as long as short
BloFin ALT-USDTlong	+0.0097%	4h	0.007608	long leg	$172K	$9K	50x
Variational Omni ALT	+0.0100%	4h	0.007598	−0.129%	$4K	$16K	—	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007609	+0.013%	$1.1M	$137K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007617	+0.118%	$2.6M	$3.5M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007612	+0.053%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDTshort	+0.0100%	8h	0.007611	+0.039%	$50K	$370K	25x
MEXC ALT_USDT	+0.0100%	4h	0.007616	+0.105%	$380K	$170K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ALTUSDTM	+0.0100%	4h	0.007617	+0.118%	$146K	$22K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007612	+0.053%	$614K	$127K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007617	+0.118%	—	$1.3M	—	as long as short
Coinbase International ALT-PERP-INTX	+0.0408%	1h	0.007691	+1.091%	$14K	$3K	50x	as long as short