Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h −0.014%

Price spread now: Injective against BloFin−1.178%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Injective

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Injective is 1.178% cheaper against BloFin than usual: you would sell low and buy high (−$118 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ALT-USDT	0.007469	0.0077	pay 0.0038% / 4h	2h 03m	$172K	$9K	50x
Short	Injective ALT/USDC PERP	0.007381	0.0033	get 0.0004% / 1h	3m 31s	$815	$4K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −1.178%Rate

Funding earned: −$9.09
Price spread: −1.178% → 0.000%: −$117.82
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$138.93
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 11 min ago; Injective: 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, 11 min ago	2.01 bp	28.4 bp −$28	71.8 bp −$718	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Variational Omni ALT	−0.0297%	4h	0.007461	−0.112%	$4K	$12K	—	as long as short
Deribit ALT_USDC-PERPETUAL	−0.0286%	1h	0.007462	−0.094%	—	$0	25x	as long as short
Bybit ALTUSDT	−0.0218%	4h	0.007453	−0.214%	$1.2M	$1.6M	25x	as long as short
Injective ALT/USDC PERPshort	+0.0033%	1h	0.007381	−1.178%	$815	$4K	5.5x
BloFin ALT-USDTlong	+0.0077%	4h	0.007469	long leg	$172K	$9K	50x
Hyperliquid ALT	+0.0100%	1h	0.007459	−0.134%	$1.1M	$186K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007459	−0.127%	$2.6M	$3.5M	50x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007466	−0.040%	$51K	$418K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007461	−0.107%	$379K	$200K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007470	+0.013%	$149K	$22K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDT	+0.0100%	4h	0.007453	−0.214%	$612K	$100K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007457	−0.161%	—	$1.3M	—	as long as short
Kraken Futures PF_ALTUSD	+0.0201%	1h	0.007469	0.000%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0384%	1h	0.007486	+0.228%	$14K	$3K	50x	as long as short