Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0092%/8h= −10.0% APRpaid last 24h −0.013%

Price spread now: Bybit against Gate−0.147%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$710as in the Funding arb table

Net, price: spread back to 7d avg − costs−$712as in the Price arb table

costs, in and out, $10k−$7006.999% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 4 days (all we have)+0.161%+$16 · spread now −0.147%, 7d avg −0.025%

Together, before fees+0.061%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.121% cheaper against Gate than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.025%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ALT_USDT	0.007490	0.0100	pay 0.0100% / 8h	1h 36m	$50K	$414K	25x
Short	Bybit ALTUSDT	0.007479	0.0008	get 0.0004% / 4h	1h 36m	$1.2M	$1.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.147%Rate

Funding earned: −$19.23
Price spread: −0.147% → −0.025%: −$12.14
Slippage, 4 orders: −$673.91
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$731.29
Costs to cover: 6.999%
Break-even: never at this rate

Slippage from Gate: live order book, 44 min ago; Bybit: live order book, 5 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, 44 min ago	11.35 bp	387.7 bp −$388	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.34 bp	26.6 bp −$27	192.1 bp −$1,921	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
Variational Omni ALT	−0.0222%	4h	0.007481	−0.125%	$4K	$12K	—	as long as short
Deribit ALT_USDC-PERPETUAL	0.0000%	1h	0.007492	+0.027%	—	$0	25x	as long as short
Bybit ALTUSDTshort	+0.0008%	4h	0.007479	−0.147%	$1.2M	$1.6M	25x
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−1.455%	$815	$4K	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007482	−0.107%	$1.1M	$185K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007487	−0.036%	$2.6M	$3.5M	50x	as long as short
Gate ALT_USDTlong	+0.0100%	8h	0.007490	long leg	$50K	$414K	25x
MEXC ALT_USDT	+0.0100%	4h	0.007488	−0.027%	$389K	$189K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007495	+0.067%	$149K	$21K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007492	+0.027%	$616K	$100K	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	0.007485	−0.067%	—	$1.3M	—	as long as short
BloFin ALT-USDT	+0.0135%	4h	0.007495	+0.067%	$171K	$9K	50x	as long as short
Kraken Futures PF_ALTUSD	+0.0348%	1h	0.007492	+0.026%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0448%	1h	0.007518	+0.374%	$14K	$3K	50x	as long as short