Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0058%/8h= +6.4% APRpaid last 24h −0.108%

Price spread now: Bybit against Kraken Futures−0.110%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 Bybit

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. Bybit is 0.110% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.110% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 6.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ALTUSD	0.007600	0.0042	pay 0.0005% / 1h	24m 52s	$44K	$8K	10x
Short	Bybit ALTUSDT	0.007592	0.0100	get 0.0050% / 4h	3h 24m	$1.2M	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.110%Rate

Funding earned: $12.23
Price spread: −0.110% → 0.000%: −$11.05
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$19.81
Costs to cover: 0.210%
Break-even: 18.3 days

Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago	3.95 bp	29.2 bp −$29	130.1 bp −$1,301	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
Deribit ALT_USDC-PERPETUAL	−0.0408%	1h	0.007597	−0.045%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+1.192%	$837	$4K	5.5x	as long as short
Kraken Futures PF_ALTUSDlong	+0.0042%	1h	0.007600	long leg	$44K	$8K	10x
BloFin ALT-USDT	+0.0084%	4h	0.007596	−0.058%	$173K	$10K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007594	−0.084%	$1.1M	$148K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007601	+0.013%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDTshort	+0.0100%	4h	0.007592	−0.110%	$1.2M	$1.8M	25x
Gate ALT_USDT	+0.0100%	8h	0.007594	−0.084%	$49K	$382K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007599	−0.018%	$387K	$179K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007601	+0.008%	$147K	$21K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDT	+0.0100%	4h	0.007595	−0.071%	$613K	$126K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007598	−0.032%	—	$1.3M	—	as long as short
Variational Omni ALT	+0.0100%	4h	0.007594	−0.089%	$4K	$16K	—	as long as short
Coinbase International ALT-PERP-INTX	+0.0488%	1h	0.007691	+1.192%	$14K	$3K	50x	as long as short