Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Gate−0.105%7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$853as in the Funding arb table

Net, price: spread back to 7d avg − costs−$868as in the Price arb table

costs, in and out, $10k−$8538.527% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.180%+$18 · spread now −0.105%, 7d avg +0.049%

Together, before fees+0.177%+$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.154% cheaper against Gate than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ALT_USDT	0.007617	0.0100	pay 0.0100% / 8h	3h 56m	$49K	$375K	25x
Short	Binance ALTUSDT	0.007609	0.0100	get 0.0050% / 4h	3h 56m	$2.7M	$3.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now −0.105%Rate

Funding earned: $0
Price spread: −0.105% → +0.049%: −$15.38
Slippage, 4 orders: −$827.68
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$868.06
Costs to cover: 8.527%
Break-even: never at this rate

Slippage from Gate: live order book, 59 min ago; Binance: live order book, 10 min ago.

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 Gate live order book, 59 min ago	5.25 bp	529.3 bp −$529	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.65 bp	20.4 bp −$20	92.8 bp −$928	doesn't fit	doesn't fit

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-PERPETUAL	−0.0144%	1h	0.007619	+0.026%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+0.972%	$837	$4K	5.5x	as long as short
Kraken Futures PF_ALTUSD	+0.0042%	1h	0.007624	+0.097%	$45K	$8K	10x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007598	−0.249%	$1.1M	$176K	3x	as long as short
Binance ALTUSDTshort	+0.0100%	4h	0.007609	−0.105%	$2.7M	$3.8M	50x
Bybit ALTUSDT	+0.0100%	4h	0.007610	−0.092%	$1.2M	$1.9M	25x	as long as short
Gate ALT_USDTlong	+0.0100%	8h	0.007617	long leg	$49K	$375K	25x
MEXC ALT_USDT	+0.0100%	4h	0.007604	−0.171%	$385K	$177K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007617	0.000%	$151K	$22K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007606	−0.144%	$612K	$123K	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	0.007607	−0.131%	—	$1.3M	—	as long as short
Variational Omni ALT	+0.0100%	4h	0.007640	+0.304%	$4K	$16K	—	as long as short
BloFin ALT-USDT	+0.0158%	4h	0.007628	+0.144%	$174K	$11K	50x	as long as short
Coinbase International ALT-PERP-INTX	+0.0488%	1h	0.007691	+0.972%	$14K	$3K	50x	as long as short