Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0482%/8h= −52.7% APRpaid last 24h +0.064%

Price spread now: Kraken Futures against BloFin+0.019%57s7-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 Kraken Futures

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$14 a day on $10k at the current rate. The two prices were read 57 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	0.007534	0.0056	pay 0.0028% / 4h	1h 19m	$168K	$8K	50x
Short	Kraken Futures PF_ALTUSD	0.007535	−0.0426	pay 0.0053% / 1h	19m 58s	$44K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$101.16
Price spread: +0.019% → 0.000%: $1.95
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$121.21
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 55 min ago; Kraken Futures: 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, 55 min ago	0.66 bp	18.3 bp −$18	59.5 bp −$595	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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
Kraken Futures PF_ALTUSDshort	−0.0426%	1h	0.007535	+0.019%	$44K	$8K	10x
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.084%	$837	$22	5.5x	as long as short
BloFin ALT-USDTlong	+0.0056%	4h	0.007534	long leg	$168K	$8K	50x
Variational Omni ALT	+0.0068%	4h	0.007526	−0.104%	$4K	$16K	—	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007530	−0.053%	$1.1M	$137K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007535	+0.007%	$2.6M	$3.5M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007528	−0.080%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007528	−0.080%	$50K	$387K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007534	0.000%	$379K	$170K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007536	+0.027%	$145K	$19K	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	0.007522	−0.159%	$603K	$131K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007531	−0.040%	—	$1.3M	—	as long as short
Deribit ALT_USDC-PERPETUAL	+0.0148%	1h	0.007538	+0.053%	—	$0	25x	as long as short
Coinbase International ALT-PERP-INTX	+0.0424%	1h	0.007547	+0.173%	$13K	$2K	50x	as long as short