Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h —

Price spread now: Deribit against MEXC−0.013%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 9 hours (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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ALT_USDT	0.007559	0.0100	pay 0.0050% / 4h	3h 29m	$402K	$184K	50x
Short	Deribit ALT_USDC-PERPETUAL	0.007558	0.0015	get 0.0002% / 1h	29m 04s	—	$0	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against MEXC. 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 MEXCbpFee DeribitbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$17.92
Price spread: −0.013% → 0.000%: −$1.32
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$30.24
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 27 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 MEXC live order book, 27 min ago	1.33 bp	9.2 bp −$9	52.7 bp −$527	255.8 bp −$25.6K	440.8 bp −$220.4K
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	−0.0496%	1h	0.007562	+0.043%	$44K	$8K	10x	as long as short
Gate ALT_USDT	−0.0065%	8h	0.007545	−0.185%	$51K	$403K	25x	as long as short
Deribit ALT_USDC-PERPETUALshort	+0.0015%	1h	0.007558	−0.013%	—	$0	25x
Variational Omni ALT	+0.0032%	4h	0.007546	−0.174%	$5K	$13K	—	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−2.355%	$815	$4K	5.5x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007554	−0.066%	$1.1M	$179K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007558	−0.012%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007552	−0.093%	$1.2M	$1.6M	25x	as long as short
MEXC ALT_USDTlong	+0.0100%	4h	0.007559	long leg	$402K	$184K	50x
KuCoin ALTUSDTM	+0.0100%	4h	0.007555	−0.053%	$149K	$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	0.007546	−0.172%	$600K	$123K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007553	−0.079%	—	$1.3M	—	as long as short
BloFin ALT-USDT	+0.0156%	4h	0.007559	0.000%	$172K	$10K	50x	as long as short
Coinbase International ALT-PERP-INTX	+0.0392%	1h	0.007589	+0.397%	$14K	$3K	50x	as long as short