Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: BingX against Gate+0.119%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$599as in the Funding arb table

Net, price: spread back to 7d avg − costs−$589as in the Price arb table

costs, in and out, $10k−$6005.997% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.119%, 7d avg +0.010%

Together, before fees−0.080%−$8 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: BingX is 0.109% dearer against Gate than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ALT_USDT	0.007566	0.0100	pay 0.0100% / 8h	1m 31s	$52K	$415K	25x
Short	BingX ALT-USDT	0.007575	0.0100	get 0.0050% / 4h	1m 31s	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.119%Rate

Funding earned: $0
Price spread: +0.119% → +0.010%: $10.9
Slippage, 4 orders: −$574.68
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$588.78
Costs to cover: 5.997%
Break-even: never at this rate

Slippage from Gate: live order book, 9 min ago; BingX: live order book, 4 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, 9 min ago	7.96 bp	271.9 bp −$272	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	3.96 bp	22.2 bp −$22	59.8 bp −$598	550.1 bp −$55.0K	826.9 bp −$413.4K

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	−0.0088%	1h	0.007580	+0.191%	$44K	$8K	10x	as long as short
Deribit ALT_USDC-PERPETUAL	0.0000%	1h	0.007578	+0.159%	—	$0	25x	as long as short
Variational Omni ALT	+0.0006%	4h	0.007547	−0.245%	$5K	$13K	—	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−2.445%	$815	$4K	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007573	+0.093%	$1.1M	$183K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007579	+0.172%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007571	+0.066%	$1.2M	$1.6M	25x	as long as short
Gate ALT_USDTlong	+0.0100%	8h	0.007566	long leg	$52K	$415K	25x
MEXC ALT_USDT	+0.0100%	4h	0.007579	+0.172%	$404K	$186K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007580	+0.185%	$151K	$21K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDT	+0.0100%	4h	0.007577	+0.145%	$610K	$119K	50x	as long as short
BingX ALT-USDTshort	+0.0100%	4h	0.007575	+0.119%	—	$1.3M	—
BloFin ALT-USDT	+0.0109%	4h	0.007576	+0.132%	$170K	$10K	50x	as long as short
Coinbase International ALT-PERP-INTX	+0.0416%	1h	0.007589	+0.304%	$14K	$3K	50x	as long as short