Funding arb · Price arb /

ALT

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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: Bitget against Gate+0.027%7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$647as in the Funding arb table

Net, price: spread back to 7d avg − costs−$637as in the Price arb table

costs, in and out, $10k−$6456.454% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)−0.045%−$4 · spread now +0.027%, 7d avg −0.055%

Together, before fees−0.060%−$6 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: Bitget is 0.082% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ALT_USDT	0.007516	0.0100	pay 0.0100% / 8h	2h 21m	$49K	$392K	25x
Short	Bitget ALTUSDT	0.007518	0.0100	get 0.0050% / 4h	2h 21m	$604K	$132K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → −0.055%: $8.16
Slippage, 4 orders: −$618.44
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$637.28
Costs to cover: 6.454%
Break-even: never at this rate

Slippage from Gate: live order book, 24 min ago; Bitget: live order book, 24 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, 24 min ago	3.30 bp	376.8 bp −$377	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 24 min ago	3.96 bp	35.2 bp −$35	doesn't fit	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
Kraken Futures PF_ALTUSD	−0.0474%	1h	0.007533	+0.229%	$44K	$8K	10x	as long as short
Deribit ALT_USDC-PERPETUAL	0.0000%	1h	0.007531	+0.200%	—	$0	25x	as long as short
Variational Omni ALT	+0.0031%	4h	0.007497	−0.256%	$4K	$16K	—	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.328%	$837	$4K	5.5x	as long as short
Bybit ALTUSDT	+0.0083%	4h	0.007528	+0.160%	$1.2M	$1.8M	25x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007529	+0.173%	$1.1M	$141K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007529	+0.173%	$2.6M	$3.5M	50x	as long as short
Gate ALT_USDTlong	+0.0100%	8h	0.007516	long leg	$49K	$392K	25x
MEXC ALT_USDT	+0.0100%	4h	0.007533	+0.226%	$379K	$172K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007529	+0.173%	$145K	$20K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDTshort	+0.0100%	4h	0.007518	+0.027%	$604K	$132K	50x
BingX ALT-USDT	+0.0100%	4h	0.007527	+0.146%	—	$1.3M	—	as long as short
BloFin ALT-USDT	+0.0155%	4h	0.007516	0.000%	$170K	$9K	50x	as long as short
Coinbase International ALT-PERP-INTX	+0.0408%	1h	0.007691	+2.328%	$14K	$3K	50x	as long as short