Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0115%/8h= +12.6% APRpaid last 24h —

Price spread now: Gate against Deribit−0.146%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 Gate

What this pair did over the last

the charts below follow

Funding, last 7 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

Funding pays, the price is against you. Gate is 0.146% cheaper against Deribit than usual: you would sell low and buy high (spread −0.146% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 4.2 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ALT_USDC-PERPETUAL	0.007541	−0.0015	get 0.0002% / 1h	48m 10s	—	$0	25x
Short	Gate ALT_USDT	0.007530	0.0100	get 0.0100% / 8h	48m 10s	$50K	$411K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpOrdersPrice spread, now −0.146%Rate

Funding earned: $24.18
Price spread: −0.146% → 0.000%: −$14.59
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$12.41
Costs to cover: 0.220%
Break-even: 10.6 days

Slippage unknown: Deribit: no order-book sample; Gate: live order book, 27 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 Gate live order book, 27 min ago	8.00 bp	263.2 bp −$263	doesn't fit	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
Kraken Futures PF_ALTUSD	−0.0089%	1h	0.007542	+0.019%	$44K	$8K	10x	as long as short
Variational Omni ALT	−0.0061%	4h	0.007528	−0.172%	$4K	$12K	—	as long as short
Deribit ALT_USDC-PERPETUALlong	−0.0015%	1h	0.007541	long leg	—	$0	25x
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−2.122%	$815	$4K	5.5x	as long as short
BloFin ALT-USDT	+0.0073%	4h	0.007542	+0.013%	$171K	$10K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007535	−0.080%	$1.1M	$185K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007539	−0.028%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007532	−0.119%	$1.2M	$1.6M	25x	as long as short
Gate ALT_USDTshort	+0.0100%	8h	0.007530	−0.146%	$50K	$411K	25x
MEXC ALT_USDT	+0.0100%	4h	0.007537	−0.053%	$402K	$184K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ALTUSDTM	+0.0100%	4h	0.007541	0.000%	$150K	$21K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007530	−0.146%	$619K	$100K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007533	−0.106%	—	$1.3M	—	as long as short
Coinbase International ALT-PERP-INTX	+0.0416%	1h	0.007548	+0.093%	$14K	$3K	50x	as long as short