Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0332%/8h= −36.4% APRpaid last 24h −0.099%

Price spread now: Gate against Coinbase International−0.170%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Gate

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 against this trade now: funding costs −$10 a day on $10k at the current rate, and Gate is 0.170% cheaper against Coinbase International than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ALT-PERP-INTX	0.007644	0.0432	pay 0.0054% / 1h	22m 44s	$14K	$3K	50x
Short	Gate ALT_USDT	0.007631	0.0100	get 0.0100% / 8h	6h 22m	$50K	$407K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Coinbase International. 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 Coinbase InternationalbpFee GatebpOrdersPrice spread, now −0.170%Rate

Funding earned: −$69.72
Price spread: −0.170% → 0.000%: −$17.01
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$111.73
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Gate: live order book, 43 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Gate live order book, 43 min ago	5.94 bp	309.4 bp −$309	doesn't fit	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 on 13 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	0.007631	−0.170%	—	$0	25x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007633	−0.144%	$1.1M	$192K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007638	−0.073%	$2.6M	$3.7M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007631	−0.170%	$1.2M	$1.6M	25x	as long as short
Gate ALT_USDTshort	+0.0100%	8h	0.007631	−0.170%	$50K	$407K	25x
MEXC ALT_USDT	+0.0100%	4h	0.007640	−0.052%	$412K	$186K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007637	−0.092%	$151K	$20K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007625	−0.249%	$602K	$114K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007635	−0.118%	—	$1.3M	—	as long as short
Variational Omni ALT	+0.0100%	4h	0.007620	−0.317%	$4K	$15K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ALTUSD	+0.0206%	1h	0.007637	−0.090%	$45K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTXlong	+0.0432%	1h	0.007644	long leg	$14K	$3K	50x
Injective ALT/USDC PERP	+0.5000%	1h	0.007604	−0.523%	$827	$4K	5.5x	as long as short