Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0316%/8h= +34.6% APRpaid last 24h +0.112%

Price spread now: Coinbase International against Bybit+0.466%7-day average — · you sell dearer than you buy

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

Long on Bybit 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 +$9 a day on $10k at the current rate, and Coinbase International is 0.466% dearer against Bybit than usual: you sell high and buy low: +$47 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ALTUSDT	0.007513	0.0100	pay 0.0050% / 4h	26m 56s	$1.2M	$1.6M	25x
Short	Coinbase International ALT-PERP-INTX	0.007548	0.0416	get 0.0052% / 1h	26m 56s	$14K	$3K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.466%Rate

Funding earned: $66.36
Price spread: +0.466% → 0.000%: $46.59
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $91.95
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	2.66 bp	36.9 bp −$37	148.0 bp −$1,480	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	−0.0149%	1h	0.007523	+0.133%	—	$0	25x	as long as short
Kraken Futures PF_ALTUSD	−0.0089%	1h	0.007526	+0.175%	$44K	$8K	10x	as long as short
Variational Omni ALT	−0.0041%	4h	0.007514	+0.015%	$5K	$13K	—	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−1.757%	$815	$4K	5.5x	as long as short
BloFin ALT-USDT	+0.0096%	4h	0.007519	+0.080%	$171K	$10K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007518	+0.067%	$1.1M	$184K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007521	+0.106%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDTlong	+0.0100%	4h	0.007513	long leg	$1.2M	$1.6M	25x
Gate ALT_USDT	+0.0100%	8h	0.007513	0.000%	$51K	$412K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007520	+0.093%	$400K	$185K	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	0.007521	+0.106%	$149K	$21K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007514	+0.013%	$617K	$100K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007516	+0.040%	—	$1.3M	—	as long as short
Coinbase International ALT-PERP-INTXshort	+0.0416%	1h	0.007548	+0.466%	$14K	$3K	50x