Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0270%/8h= +29.6% APRpaid last 24h +0.049%

Price spread now: Kraken Futures against Gate−0.064%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Kraken Futures is 0.064% cheaper against Gate than usual: you would sell low and buy high (spread −0.064% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 19 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ALT_USDT	0.007514	0.0100	pay 0.0100% / 8h	6h 53m	$50K	$367K	25x
Short	Kraken Futures PF_ALTUSD	0.007509	0.0370	get 0.0046% / 1h	53m 39s	$44K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.064%Rate

Funding earned: $56.73
Price spread: −0.064% → 0.000%: −$6.37
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $25.36
Costs to cover: 0.250%
Break-even: 3.9 days

Slippage unknown: Gate: live order book, 37 min ago; Kraken Futures: 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, 37 min ago	6.02 bp	354.8 bp −$355	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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	−0.0016%	1h	0.007511	−0.040%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.356%	$837	$22	5.5x	as long as short
BloFin ALT-USDT	+0.0057%	4h	0.007534	+0.266%	$169K	$6K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007504	−0.133%	$1.1M	$130K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007509	−0.065%	$2.6M	$3.4M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007496	−0.240%	$1.2M	$1.7M	25x	as long as short
Gate ALT_USDTlong	+0.0100%	8h	0.007514	long leg	$50K	$367K	25x
MEXC ALT_USDT	+0.0100%	4h	0.007505	−0.120%	$386K	$165K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007514	0.000%	$146K	$19K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007497	−0.226%	$598K	$147K	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	0.007508	−0.080%	—	$1.3M	—	as long as short
Variational Omni ALT	+0.0100%	4h	0.007542	+0.373%	$4K	$14K	—	as long as short
Kraken Futures PF_ALTUSDshort	+0.0370%	1h	0.007509	−0.064%	$44K	$8K	10x
Coinbase International ALT-PERP-INTX	+0.0584%	1h	0.007580	+0.878%	$14K	$2K	50x	as long as short