Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0324%/8h= +35.5% APRpaid last 24h +0.099%

Price spread now: Coinbase International against KuCoin+0.120%7-day average — · you sell dearer than you buy

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

Long on KuCoin 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 0.120% dearer against KuCoin than usual: you sell high and buy low: +$12 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	KuCoin ALTUSDTM	0.007503	0.0100	pay 0.0050% / 4h	3h 32m	$150K	$23K	30x
Short	Coinbase International ALT-PERP-INTX	0.007512	0.0424	get 0.0053% / 1h	32m 49s	$14K	$2K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against KuCoin. 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 KuCoinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.120%Rate

Funding earned: $68.04
Price spread: +0.120% → 0.000%: $12
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $58.04
Costs to cover: 0.220%
Break-even: 1.0 days

Slippage unknown: KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	15.39 bp	208.8 bp −$209	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
Bybit ALTUSDT	−0.0529%	4h	0.007492	−0.147%	$1.2M	$1.6M	25x	as long as short
Variational Omni ALT	−0.0259%	4h	0.007472	−0.418%	$4K	$12K	—	as long as short
Deribit ALT_USDC-PERPETUAL	−0.0017%	1h	0.007496	−0.093%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−1.626%	$815	$4K	5.5x	as long as short
BloFin ALT-USDT	+0.0047%	4h	0.007487	−0.213%	$173K	$9K	50x	as long as short
Kraken Futures PF_ALTUSD	+0.0080%	1h	0.007504	+0.017%	$44K	$8K	10x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007496	−0.093%	$1.1M	$186K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007502	−0.012%	$2.6M	$3.5M	50x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007498	−0.067%	$51K	$424K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007500	−0.040%	$421K	$193K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ALTUSDTMlong	+0.0100%	4h	0.007503	long leg	$150K	$23K	30x
Bitget ALTUSDT	+0.0100%	4h	0.007487	−0.213%	$615K	$101K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007497	−0.080%	—	$1.3M	—	as long as short
Coinbase International ALT-PERP-INTXshort	+0.0424%	1h	0.007512	+0.120%	$14K	$2K	50x