Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0308%/8h= −33.7% APRpaid last 24h −0.098%

Price spread now: MEXC against Coinbase International−2.236%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 MEXC

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 −$9 a day on $10k at the current rate, and MEXC is 2.236% cheaper against Coinbase International than usual: you would sell low and buy high (−$224 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	0.007691	0.0408	pay 0.0051% / 1h	28m 54s	$14K	$3K	50x
Short	MEXC ALT_USDT	0.007519	0.0100	get 0.0050% / 4h	2h 28m	$378K	$171K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −2.236%Rate

Funding earned: −$64.68
Price spread: −2.236% → 0.000%: −$223.64
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$302.32
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago	3.98 bp	12.4 bp −$12	62.4 bp −$624	269.6 bp −$27.0K	483.9 bp −$242.0K

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
Kraken Futures PF_ALTUSD	−0.0475%	1h	0.007525	−2.152%	$44K	$8K	10x	as long as short
Deribit ALT_USDC-PERPETUAL	−0.0149%	1h	0.007523	−2.184%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	0.000%	$837	$4K	5.5x	as long as short
Variational Omni ALT	+0.0054%	4h	0.007511	−2.336%	$4K	$16K	—	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007512	−2.327%	$1.1M	$137K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007513	−2.314%	$2.6M	$3.5M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007508	−2.379%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007511	−2.340%	$49K	$382K	25x	as long as short
MEXC ALT_USDTshort	+0.0100%	4h	0.007519	−2.236%	$378K	$171K	50x
KuCoin ALTUSDTM	+0.0100%	4h	0.007527	−2.132%	$144K	$20K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDT	+0.0100%	4h	0.007504	−2.431%	$603K	$131K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007517	−2.262%	—	$1.3M	—	as long as short
BloFin ALT-USDT	+0.0124%	4h	0.007520	−2.223%	$170K	$9K	50x	as long as short
Coinbase International ALT-PERP-INTXlong	+0.0408%	1h	0.007691	long leg	$14K	$3K	50x