Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0242%/8h= +26.5% APRpaid last 24h −0.045%

Price spread now: Bitget against Kraken Futures−0.136%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Bitget

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. Bitget is 0.136% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.136% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 45 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ALTUSD	0.007481	−0.0142	get 0.0018% / 1h	21m 36s	$44K	$8K	10x
Short	Bitget ALTUSDT	0.007471	0.0100	get 0.0050% / 4h	21m 36s	$599K	$143K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Kraken Futures. 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 Kraken FuturesbpFee BitgetbpOrdersPrice spread, now −0.136%Rate

Funding earned: $50.79
Price spread: −0.136% → 0.000%: −$13.56
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $15.23
Costs to cover: 0.220%
Break-even: 4.9 days

Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 14 min ago. 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Bitget live order book, 14 min ago	4.68 bp	27.4 bp −$27	122.2 bp −$1,222	doesn't fit	doesn't fit

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
Kraken Futures PF_ALTUSDlong	−0.0142%	1h	0.007481	long leg	$44K	$8K	10x
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.805%	$837	$22	5.5x	as long as short
BloFin ALT-USDT	+0.0042%	4h	0.007478	−0.042%	$168K	$8K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007479	−0.029%	$1.1M	$136K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007483	+0.025%	$2.6M	$3.5M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007474	−0.096%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007472	−0.122%	$49K	$389K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007484	+0.038%	$378K	$168K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007480	−0.015%	$143K	$19K	30x	as long as short
Bitget ALTUSDTshort	+0.0100%	4h	0.007471	−0.136%	$599K	$143K	50x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ALT-USDT	+0.0100%	4h	0.007477	−0.055%	—	$1.3M	—	as long as short
Variational Omni ALT	+0.0100%	4h	0.007470	−0.154%	$4K	$16K	—	as long as short
Deribit ALT_USDC-PERPETUAL	+0.0151%	1h	0.007481	−0.002%	—	$0	25x	as long as short
Coinbase International ALT-PERP-INTX	+0.0480%	1h	0.007542	+0.813%	$13K	$2K	50x	as long as short