ALT

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.829%

7d average—if it closes, per $10,000$83funding while held, a day−$9.48

Long on Coinbase International Short on Binance

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ALT-PERP-INTX	0.007540	0.0416	pay 0.0052% / 1h	34m 04s	$14K	$2K	50x
Short	Binance ALTUSDT	0.007477	0.0100	get 0.0050% / 4h	2h 34m	$2.6M	$3.3M	50x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee Coinbase InternationalbpFee BinancebpOrdersClose when spread is

Spread captured: −$82.92
Funding while held: −$9.48
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$112.4
Spread needed to break even: 0.200%

Slippage unknown: Coinbase International: no order-book sample; Binance: live order book, 3 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0316%
Per $10,000 a day: −$9.48
Average in range /8h: —

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 Coinbase International no order-book sample	—	—	—	—	—
Sell Binance live order book, 3 min ago	1.34 bp	21.6 bp −$22	92.2 bp −$922	doesn't fit	doesn't fit

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 price on every exchange

against the cheapest. Click to use as the short leg.

Injective0.007381cheapest Bybit0.007474+1.260%Variational Omni0.007476+1.288%Hyperliquid0.007477+1.301%

Binance0.007477+1.307%

Gate0.007478+1.314%Bitget0.007479+1.328%MEXC0.007480+1.341%BingX0.007482+1.368%Deribit0.007482+1.368%KuCoin0.007485+1.409%BloFin0.007490+1.477%Kraken Futures0.007491+1.490%

Coinbase International0.007540+2.154%

ALT on 14 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ALT/USDC PERP	−2.109%	+0.0033%	1h	$815	$13K	5.5x	as long as short
Bybit ALTUSDT	−0.875%	+0.0100%	4h	$1.2M	$1.5M	25x	as long as short
Variational Omni ALT	−0.848%	−0.0011%	4h	$4K	$12K	—	as long as short
Hyperliquid ALT	−0.836%	+0.0100%	1h	$1.1M	$190K	3x	as long as short
Binance ALTUSDTshort	−0.829%	+0.0100%	4h	$2.6M	$3.3M	50x
Gate ALT_USDT	−0.822%	+0.0094%	8h	$51K	$375K	25x	as long as short
Bitget ALTUSDT	−0.809%	+0.0100%	4h	$610K	$91K	50x	as long as short
MEXC ALT_USDT	−0.796%	+0.0100%	4h	$429K	$195K	50x	as long as short
BingX ALT-USDT	−0.769%	+0.0100%	4h	—	$1.3M	—	as long as short
Deribit ALT_USDC-PERPETUAL	−0.769%	0.0000%	1h	$0	$0	25x	as long as short

Show all 14 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin ALTUSDTM	−0.729%	+0.0100%	4h	$152K	$22K	30x	as long as short
BloFin ALT-USDT	−0.663%	+0.0083%	4h	$175K	$9K	50x	as long as short
Kraken Futures PF_ALTUSD	−0.650%	+0.1140%	1h	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTXlong	0.000%	+0.0416%	1h	$14K	$2K	50x