Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h +0.099%

Price spread now: Coinbase International against Gate+0.302%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Coinbase International is 0.302% dearer against Gate than usual: you sell high and buy low: +$30 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ALT_USDT	0.007621	0.0100	pay 0.0100% / 8h	5h 36m	$50K	$398K	25x
Short	Coinbase International ALT-PERP-INTX	0.007644	0.0440	get 0.0055% / 1h	36m 14s	$14K	$3K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.302%Rate

Funding earned: $71.4
Price spread: +0.302% → 0.000%: $30.18
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $76.58
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: Gate: live order book, 24 min ago; Coinbase International: no order-book sample. 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 Gate live order book, 24 min ago	6.57 bp	453.7 bp −$454	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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
Deribit ALT_USDC-PERPETUAL	0.0000%	1h	0.007632	+0.144%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007604	−0.223%	$827	$4K	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007622	+0.013%	$1.1M	$191K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007630	+0.113%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007629	+0.105%	$1.2M	$1.7M	25x	as long as short
Gate ALT_USDTlong	+0.0100%	8h	0.007621	long leg	$50K	$398K	25x
MEXC ALT_USDT	+0.0100%	4h	0.007631	+0.131%	$411K	$180K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007628	+0.092%	$151K	$20K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007616	−0.066%	$602K	$106K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007629	+0.105%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ALT	+0.0100%	4h	0.007592	−0.380%	$4K	$15K	—	as long as short
BloFin ALT-USDT	+0.0135%	4h	0.007618	−0.039%	$173K	$10K	50x	as long as short
Coinbase International ALT-PERP-INTXshort	+0.0440%	1h	0.007644	+0.302%	$14K	$3K	50x
Kraken Futures PF_ALTUSD	+0.0445%	1h	0.007635	+0.177%	$45K	$8K	10x	as long as short