Settings8H · net · $10k
Funding arb · Price arb /

ALT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0388%/8h= −42.5% APRpaid last 24h −0.125%
Price spread now: Variational Omni against Coinbase International−1.096%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Variational Omni is 1.096% cheaper against Coinbase International than usual: you would sell low and buy high (−$110 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International ALT-PERP-INTX0.0076910.0488pay 0.0061% / 1h54m 22s$14K$3K50x
ShortVariational Omni ALT0.0076070.0100get 0.0050% / 4h3h 54m$4K$16K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Funding earned
−$81.48
Price spread: −1.096% → 0.000%
−$109.65
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$201.13
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Coinbase International: no order-book sample; Variational Omni: 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell Variational Omni no order-book sample
Coinbase International and Variational Omni: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ALT_USDC-PERPETUAL−0.0013%1h0.007613−1.014%$025xas long as short
Injective ALT/USDC PERP+0.0033%1h0.0076910.000%$837$4K5.5xas long as short
Kraken Futures PF_ALTUSD+0.0042%1h0.007616−0.979%$44K$8K10xas long as short
Hyperliquid ALT+0.0100%1h0.007613−1.014%$1.1M$148K3xas long as short
Binance ALTUSDT+0.0100%4h0.007618−0.954%$2.7M$3.8M50xas long as short
Bybit ALTUSDT+0.0100%4h0.007610−1.053%$1.2M$1.9M25xas long as short
Gate ALT_USDT+0.0100%8h0.007616−0.975%$49K$377K25xas long as short
MEXC ALT_USDT+0.0100%4h0.007618−0.949%$386K$177K50xas long as short
KuCoin ALTUSDTM+0.0100%4h0.007624−0.871%$150K$22K30xas long as short
Bitget ALTUSDT+0.0100%4h0.007615−0.988%$612K$123K50xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ALT-USDT+0.0100%4h0.007610−1.053%$1.3Mas long as short
Variational Omni ALTshort+0.0100%4h0.007607−1.096%$4K$16K
BloFin ALT-USDT+0.0150%4h0.007616−0.975%$174K$11K50xas long as short
Coinbase International ALT-PERP-INTXlong+0.0488%1h0.007691long leg$14K$3K50x