ALT Funding Rate Arbitrage
Delta-neutral, not risk-free: funding can flip, and you need margin on both legs (liquidation risk on either exchange). Yields are annualized from the current funding spread and change every funding interval.
ALT funding pairs across exchanges
LIVEBoth legs of every pair use rates from the same moment. The spread is the hourly funding rate of the short leg minus the long leg; the annual figure is the hourly spread × 8760 at the rates shown. The result covers 30 days on 5,000 USDT per leg with the venues’ public taker fees; the order-book spread and slippage on execution are not included.
| Long | Short | Spread per hour | Annual (hourly × 8760) | Status | Result for 30 days |
|---|---|---|---|---|---|
| Gate.io ALT_USDT | Bybit ALTUSDT | +0.027396%/h | ≈ +239.99% APR | from known costs | +967.81 USDT |
| MEXC ALT_USDT | Bybit ALTUSDT | +0.017559%/h | ≈ +153.81% APR | from known costs | +618.64 USDT |
| Binance ALTUSDT | Bybit ALTUSDT | +0.017487%/h | ≈ +153.19% APR | from known costs | +611.51 USDT |
| Gate.io ALT_USDT | KuCoin ALTUSDTM | +0.016963%/h | ≈ +148.59% APR | from known costs | +599.67 USDT |
| BingX ALT-USDT | Bybit ALTUSDT | +0.014584%/h | ≈ +127.75% APR | from known costs | +510.93 USDT |
| Gate.io ALT_USDT | Bitget ALTUSDT | +0.013963%/h | ≈ +122.31% APR | from known costs | +494.46 USDT |
| Bitget ALTUSDT | Bybit ALTUSDT | +0.013434%/h | ≈ +117.68% APR | from known costs | +462.45 USDT |
| Gate.io ALT_USDT | BingX ALT-USDT | +0.012813%/h | ≈ +112.24% APR | from known costs | +447.66 USDT |
| KuCoin ALTUSDTM | Bybit ALTUSDT | +0.010434%/h | ≈ +91.40% APR | from known costs | +357.45 USDT |
| Gate.io ALT_USDT | Binance ALTUSDT | +0.009909%/h | ≈ +86.80% APR | from known costs | +347.06 USDT |
| Gate.io ALT_USDT | MEXC ALT_USDT | +0.009838%/h | ≈ +86.18% APR | from known costs | +345.91 USDT |
| MEXC ALT_USDT | KuCoin ALTUSDTM | +0.007125%/h | ≈ +62.42% APR | from known costs | +249.90 USDT |
| Binance ALTUSDT | KuCoin ALTUSDTM | +0.007054%/h | ≈ +61.79% APR | from known costs | +242.92 USDT |
| MEXC ALT_USDT | Bitget ALTUSDT | +0.004125%/h | ≈ +36.14% APR | from known costs | +144.63 USDT |
| BingX ALT-USDT | KuCoin ALTUSDTM | +0.004150%/h | ≈ +36.35% APR | from known costs | +141.76 USDT |
| Binance ALTUSDT | Bitget ALTUSDT | +0.004054%/h | ≈ +35.51% APR | from known costs | +137.59 USDT |
| MEXC ALT_USDT | BingX ALT-USDT | +0.002975%/h | ≈ +26.06% APR | from known costs | +97.90 USDT |
| Bitget ALTUSDT | KuCoin ALTUSDTM | +0.003000%/h | ≈ +26.28% APR | from known costs | +93.35 USDT |
| Binance ALTUSDT | BingX ALT-USDT | +0.002904%/h | ≈ +25.43% APR | from known costs | +90.76 USDT |
| BingX ALT-USDT | Bitget ALTUSDT | +0.001150%/h | ≈ +10.07% APR | from known costs | +36.60 USDT |
| MEXC ALT_USDT | Binance ALTUSDT | +0.000072%/h | ≈ +0.63% APR | from known costs | −2.85 USDT |
| BingX ALT-USDT | Hyperliquid ALT | +0.007870%/h | ≈ +68.94% APR | from known costs | —Execution costs (spread and slippage) are not estimated. |
| Bitget ALTUSDT | Hyperliquid ALT | +0.006720%/h | ≈ +58.87% APR | from known costs | —Execution costs (spread and slippage) are not estimated. |
| Gate.io ALT_USDT | Hyperliquid ALT | +0.020683%/h | ≈ +181.18% APR | from known costs | —Execution costs (spread and slippage) are not estimated. |
| Hyperliquid ALT | Bybit ALTUSDT | +0.006713%/h | ≈ +58.81% APR | from known costs | —Execution costs (spread and slippage) are not estimated. |
| KuCoin ALTUSDTM | Hyperliquid ALT | +0.003720%/h | ≈ +32.59% APR | from known costs | —Execution costs (spread and slippage) are not estimated. |
| MEXC ALT_USDT | Hyperliquid ALT | +0.010845%/h | ≈ +95.01% APR | from known costs | —Execution costs (spread and slippage) are not estimated. |
| Binance ALTUSDT | Hyperliquid ALT | +0.010774%/h | ≈ +94.38% APR | from known costs | —Execution costs (spread and slippage) are not estimated. |
ALT: scenario for the top pair
ALT · long Gate.io ALT_USDT · short Bybit ALTUSDT · 5,000 per leg · 30 days
Result from known costs
Some costs are unknown, so the total is incomplete. Missing:
- Execution costs (spread and slippage) are not estimated.
- The fee is a baseline value, not a verified fee of the venue or of your account.
Result from known costs
+967.81 USDT
30d
Rates
- Rate spread per hour
- +0.027396%/h
- Spread, annualized
- ≈ +239.99% APR
| Instrument | Rate per period | Rate kind | Per hour | Annual (hourly × 8760) | Who pays | Next settlement |
|---|---|---|---|---|---|---|
| ALT_USDT · Gate.io | -0.575900% per 8h | current, accruing | -0.071988%/h | ≈ −630.61% APR | long receives | from exchange data |
| ALTUSDT · Bybit | -0.178365% per 4h | current, accruing | -0.044591%/h | ≈ −390.62% APR | short pays | from exchange data |
- Annual = hourly rate × 8760 h — the rate shown, stretched over a year.
Costs and result
- Funding over 30d
- +980.80 USDT
- Trading fee, Gate.io, entry
- −3.74 USDT taker · 0.0750% · the venue’s fee for this contract
- Trading fee, Gate.io, exit
- −3.74 USDT taker · 0.0750% · the venue’s fee for this contract
- Trading fee, Bybit, entry
- −2.75 USDT taker · 0.0550% · base fee, not your account’s verified fee
- Trading fee, Bybit, exit
- −2.75 USDT taker · 0.0550% · base fee, not your account’s verified fee
- Spread and slippage, Gate.io, entry
- —Execution costs (spread and slippage) are not estimated.
- Spread and slippage, Gate.io, exit
- —Execution costs (spread and slippage) are not estimated.
- Spread and slippage, Bybit, entry
- —Execution costs (spread and slippage) are not estimated.
- Spread and slippage, Bybit, exit
- —Execution costs (spread and slippage) are not estimated.
- Result from known costs
- +967.81 USDT
Break-even
- Calendar break-even
- Oct 25, 2026 03:00 MSK (00:00 UTC)
- Approximation: costs ÷ daily funding flow
- ≈ 0.40 days
- Funding spread to break even over 30d
- 0.008656%/day
- Break-even uses known costs only, so it is not the full break-even.
Rate history
- Full history since
- Payments in history
- 270
- History coverage
- 33.33%
| Window | Status | Mean spread (time-weighted) | Sum of settled rates | Share of positive periods | Sign changes | Payments · coverage | Reasons |
|---|---|---|---|---|---|---|---|
| 24 h | from known costs | -0.008417%/h | —There is not enough rate history for this metric. | 0.00% | 0 | 6 · 66.67% | There is not enough rate history for this metric. |
| 7 days | from known costs | -0.013172%/h | -0.881272% | 14.29% | 2 | 63 · 100.00% | Rates are unknown for part of the period: the metric uses known values only. |
| 30 days | from known costs | -0.018751%/h | -1.002299% | 36.67% | 14 | 270 · 100.00% | Rates are unknown for part of the period: the metric uses known values only. |
| 90 days | from known costs | -0.018751%/h | —There is not enough rate history for this metric. | 36.67% | 14 | 270 · 33.33% | There is not enough rate history for this metric. |
- The funding path is hypothetical: fixed size, no price changes, fees or liquidations.
Data and assumptions
- Gate.io rate
- Bybit rate
- Valid until
- Gate.io: The venue’s forecast repeats the current rate and is not counted separately.
- The pair’s rates come from the shared list update and were not rechecked separately.
- A payment at the opening moment is outside the period; a payment at the closing moment is inside.
- Quantity = notional ÷ the higher of the leg prices.
- The price funding is calculated from does not change until the payment.
- The current rate stays unchanged in repeats.
- The funding interval does not change.
- Capital is already on the venues: no entry transfer; return and rebalancing are not included.
- The exit price equals the current price: exit notional and fee are as of now.
- Margin equals the leg notional (1× leverage).
- Reserve on the venue is 0.
- Margin equals the leg notional (1× leverage).
- Reserve on the venue is 0.
Each button opens one leg of this calculation on its venue.
ALT pairs over the last 7 days
Past days, not current opportunities. Days and times are MSK.
Last usable pair: Oct 24, 2026 11:55 MSK (08:55 UTC), long Gate.io ALT_USDT / short Bybit ALTUSDT, +0.027396%/h.
| Day | Updates with a pair | Most pairs at once | Widest spread | Pair |
|---|---|---|---|---|
| 72 | 28 | +0.099174%/h | long Bybit ALTUSDT / short KuCoin ALTUSDTM | |
| 144 | 28 | +0.114150%/h | long Binance ALTUSDT / short BingX ALT-USDT | |
| 139 | 28 | +0.114100%/h | long Gate.io ALT_USDT / short MEXC ALT_USDT | |
| 141 | 28 | +0.009681%/h | long Bybit ALTUSDT / short MEXC ALT_USDT | |
| 20 | 28 | 0.000000%/h | long Binance ALTUSDT / short MEXC ALT_USDT |
How funding rate arbitrage works
A perpetual futures contract pays a periodic funding rate between longs and shorts. When two exchanges show different funding rates for the same coin, you can go long where funding is low (or negative) and short where it is high — staying delta-neutral on price while collecting the funding spread. Yieldo scans live rates across all supported exchanges and ranks the best long/short pairs after fees.
ALT on Yieldo
Related Pages
FAQ
ALT FAQ
What is funding rate arbitrage?
It is a delta-neutral strategy: you open a long position where the perpetual funding rate is low or negative and a short of the same size where funding is high. Price moves cancel out, and you collect the difference in funding payments.
Is ALT funding arbitrage risk-free?
No. It is market-neutral, not risk-free. Funding rates can flip before the next payment, both legs require margin (liquidation risk), and exchange or transfer issues can break the hedge. Treat the annualized yield as indicative, not guaranteed.
How is the annualized yield calculated?
We take the current funding-rate spread between the two exchanges and annualize it by the number of funding intervals per year for each contract. Actual returns depend on how long the spread persists.
Watch the ALT funding spread
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