Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.046%

Price spread now: BloFin against Deribit−0.027%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 2 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. BloFin is 0.027% cheaper against Deribit than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ALT_USDC-PERPETUAL	0.007486	0	get 0.0000% / 1h	32m 51s	—	$0	25x
Short	BloFin ALT-USDT	0.007484	0.0044	get 0.0022% / 4h	3h 32m	$168K	$8K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Deribit. 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 DeribitbpFee BloFinbpOrdersPrice spread, now −0.027%Rate

Funding earned: $9.24
Price spread: −0.027% → 0.000%: −$2.67
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$12.43
Costs to cover: 0.190%
Break-even: 16.4 days

Slippage unknown: Deribit: no order-book sample; BloFin: live order book, 32 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 Deribit no order-book sample	—	—	—	—	—
Sell BloFin live order book, 32 min ago	2.00 bp	15.5 bp −$16	52.1 bp −$521	doesn't fit	doesn't fit

Deribit: 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
Deribit ALT_USDC-PERPETUALlong	0.0000%	1h	0.007486	long leg	—	$0	25x
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.738%	$837	$22	5.5x	as long as short
BloFin ALT-USDTshort	+0.0044%	4h	0.007484	−0.027%	$168K	$8K	50x
Hyperliquid ALT	+0.0100%	1h	0.007483	−0.040%	$1.1M	$132K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007486	0.000%	$2.6M	$3.5M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007477	−0.120%	$1.2M	$1.7M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007481	−0.067%	$50K	$377K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007486	0.000%	$363K	$168K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007486	0.000%	$144K	$20K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007474	−0.160%	$598K	$144K	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	0.007480	−0.080%	—	$1.3M	—	as long as short
Variational Omni ALT	+0.0100%	4h	0.007483	−0.037%	$4K	$14K	—	as long as short
Kraken Futures PF_ALTUSD	+0.0383%	1h	0.007487	+0.009%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0576%	1h	0.007524	+0.508%	$13K	$2K	50x	as long as short