Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.057%

Price spread now: Deribit against Gate+0.040%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 Deribit

What this pair did over the last

the charts below follow

Funding, last 2 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

The price spread pays, funding is against you. Deribit is 0.040% dearer against Gate than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ALT_USDT	0.007495	0.0100	pay 0.0100% / 8h	1h 32m	$49K	$385K	25x
Short	Deribit ALT_USDC-PERPETUAL	0.007498	0	get 0.0000% / 1h	32m 56s	—	$0	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$21
Price spread: +0.040% → 0.000%: $4
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$39
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 7 min ago; Deribit: 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, 7 min ago	8.64 bp	319.4 bp −$319	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
Kraken Futures PF_ALTUSD	−0.0428%	1h	0.007501	+0.079%	$44K	$8K	10x	as long as short
Deribit ALT_USDC-PERPETUALshort	0.0000%	1h	0.007498	+0.040%	—	$0	25x
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.615%	$837	$22	5.5x	as long as short
Variational Omni ALT	+0.0038%	4h	0.007511	+0.216%	$4K	$16K	—	as long as short
BloFin ALT-USDT	+0.0082%	4h	0.007488	−0.093%	$168K	$9K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007494	−0.013%	$1.1M	$139K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007492	−0.038%	$2.6M	$3.5M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007488	−0.093%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDTlong	+0.0100%	8h	0.007495	long leg	$49K	$385K	25x
MEXC ALT_USDT	+0.0100%	4h	0.007494	−0.013%	$377K	$169K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ALTUSDTM	+0.0100%	4h	0.007494	−0.013%	$145K	$19K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007485	−0.133%	$601K	$131K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007495	0.000%	—	$1.3M	—	as long as short
Coinbase International ALT-PERP-INTX	+0.0424%	1h	0.007691	+2.615%	$14K	$2K	50x	as long as short