Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.012%

Price spread now: Bitget against Bybit−0.118%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1251.249% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.118%, 7d avg −0.035%

Together, before fees+0.150%+$15 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: Bitget is 0.083% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ALTUSDT	0.007638	0.0100	pay 0.0050% / 4h	1h 35m	$1.2M	$1.7M	25x
Short	Bitget ALTUSDT	0.007629	0.0100	get 0.0050% / 4h	1h 35m	$603K	$106K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now −0.118%Rate

Funding earned: $0
Price spread: −0.118% → −0.035%: −$8.3
Slippage, 4 orders: −$101.9
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$133.19
Costs to cover: 1.249%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Bitget: live order book, 25 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 Bybit live order book, 1 min ago	4.59 bp	31.6 bp −$32	237.7 bp −$2,377	doesn't fit	doesn't fit
Sell Bitget live order book, 25 min ago	3.28 bp	31.5 bp −$32	113.6 bp −$1,136	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
Deribit ALT_USDC-PERPETUAL	0.0000%	1h	0.007639	+0.013%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007604	−0.445%	$827	$4K	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007634	−0.052%	$1.1M	$191K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007635	−0.035%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDTlong	+0.0100%	4h	0.007638	long leg	$1.2M	$1.7M	25x
Gate ALT_USDT	+0.0100%	8h	0.007632	−0.079%	$50K	$398K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007639	+0.013%	$411K	$180K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007631	−0.092%	$151K	$20K	30x	as long as short
Bitget ALTUSDTshort	+0.0100%	4h	0.007629	−0.118%	$603K	$106K	50x
BingX ALT-USDT	+0.0100%	4h	0.007638	0.000%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ALT	+0.0100%	4h	0.007623	−0.203%	$4K	$15K	—	as long as short
BloFin ALT-USDT	+0.0129%	4h	0.007618	−0.262%	$173K	$10K	50x	as long as short
Coinbase International ALT-PERP-INTX	+0.0440%	1h	0.007644	+0.079%	$14K	$3K	50x	as long as short
Kraken Futures PF_ALTUSD	+0.0445%	1h	0.007645	+0.089%	$45K	$8K	10x	as long as short