Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0707%/8h= +77.4% APRnext payment +$0.88 per $10,000 · paid last 24h —

Price spread now: Coinbase International against Deribit+0.368%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 10 hours (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 for this trade now. Funding pays +$21 a day on $10k at the current rate, and Coinbase International is 0.368% dearer against Deribit than usual: you sell high and buy low: +$37 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ALT_USDC-PERPETUAL	0.007616	−0.0275	get 0.0034% / 1h	59m 35s	—	$0	25x
Short	Coinbase International ALT-PERP-INTX	0.007644	0.0432	get 0.0054% / 1h	59m 35s	$14K	$3K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.368%Rate

Funding earned: $148.46
Price spread: +0.368% → 0.000%: $36.76
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $168.22
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Deribit: no order-book sample; Coinbase International: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Deribit no order-book sample	—	—	—	—	—
Sell Coinbase International no order-book sample	—	—	—	—	—

Deribit and 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-PERPETUALlong	−0.0275%	1h	0.007616	long leg	—	$0	25x
Hyperliquid ALT	+0.0100%	1h	0.007613	−0.039%	$1.1M	$189K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007620	+0.056%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007616	0.000%	$1.2M	$1.6M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007614	−0.026%	$50K	$391K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007622	+0.079%	$411K	$179K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007623	+0.092%	$151K	$20K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007615	−0.013%	$602K	$110K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007617	+0.013%	—	$1.3M	—	as long as short
Variational Omni ALT	+0.0100%	4h	0.007614	−0.024%	$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	+0.0207%	1h	0.007621	+0.060%	$45K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTXshort	+0.0432%	1h	0.007644	+0.368%	$14K	$3K	50x
Injective ALT/USDC PERP	+0.5000%	1h	0.007604	−0.158%	$827	$4K	5.5x	as long as short