Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0316%/8h= +34.7% APRpaid last 24h −0.001%

Price spread now: Injective against Bybit−1.218%7-day average — · you buy dearer than you sell

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

Long on Bybit 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

Funding pays, the price is against you. Injective is 1.218% cheaper against Bybit than usual: you would sell low and buy high (spread −1.218% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$122 on $10k: about 13 days of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ALTUSDT	0.007472	−0.0283	get 0.0142% / 4h	2h 10m	$1.2M	$1.6M	25x
Short	Injective ALT/USDC PERP	0.007381	0.0033	get 0.0004% / 1h	10m 40s	$815	$4K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now −1.218%Rate

Funding earned: $66.46
Price spread: −1.218% → 0.000%: −$121.79
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$66.35
Costs to cover: 0.110%
Break-even: 14.0 days

Slippage unknown: Bybit: live order book, 6 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 Bybit live order book, 6 min ago	4.01 bp	38.4 bp −$38	151.6 bp −$1,516	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	−0.0326%	4h	0.007473	+0.016%	$4K	$12K	—	as long as short
Bybit ALTUSDTlong	−0.0283%	4h	0.007472	long leg	$1.2M	$1.6M	25x
Deribit ALT_USDC-PERPETUAL	−0.0151%	1h	0.007476	+0.054%	—	$0	25x	as long as short
Injective ALT/USDC PERPshort	+0.0033%	1h	0.007381	−1.218%	$815	$4K	5.5x
Hyperliquid ALT	+0.0100%	1h	0.007471	−0.013%	$1.1M	$187K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007474	+0.021%	$2.6M	$3.5M	50x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007472	0.000%	$51K	$418K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007476	+0.054%	$393K	$198K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007474	+0.027%	$149K	$22K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007463	−0.120%	$613K	$100K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ALT-USDT	+0.0100%	4h	0.007471	−0.013%	—	$1.3M	—	as long as short
BloFin ALT-USDT	+0.0152%	4h	0.007468	−0.054%	$172K	$9K	50x	as long as short
Kraken Futures PF_ALTUSD	+0.0201%	1h	0.007484	+0.155%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0384%	1h	0.007486	+0.187%	$14K	$3K	50x	as long as short