Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.028%

Price spread now: tradeXYZ against Binance−0.059%7-day average −0.119% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$490.491% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 7 days0.000%$0 · spread now −0.059%, 7d avg −0.119%

Together, before fees−0.109%+ Points / potential airdroptradeXYZ: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.060% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.119%. Mind the row above: over the last 7 days funding on this pair cost −0.109%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AMATUSDT	466.96	0	get 0.0000% / 8h	3h 43m	$8.8M	$12.9M	20x
Short	tradeXYZ xyz:AMAT	466.68	0.0050	get 0.0006% / 1h	43m 42s	$2.6M	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Binance. 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 BinancebpFee tradeXYZbpOrdersPrice spread, now −0.059%Rate

Funding earned: $10.5
Price spread: −0.059% → −0.119%: $6.02
Slippage, 4 orders: −$21.14
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$32.62
Costs to cover: 0.491%
Break-even: 28.7 days

Slippage from Binance: live order book, 12 min ago; tradeXYZ: live order book, 4 min ago.

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 Binance live order book, 12 min ago	0.64 bp	9.5 bp −$10	46.0 bp −$460	205.7 bp −$20.6K	doesn't fit
Sell tradeXYZ live order book, 4 min ago	2.03 bp	12.9 bp −$13	doesn't fit	doesn't fit	doesn't fit

AMAT on 16 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
Aster AMATUSDT	0.0000%	8h	467.24	+0.060%	$10K	$11K	20x	as long as short
Extended AMAT-USD	0.0000%	1h	466.83	−0.026%	$5K	$27K	10x	as long as short
Binance AMATUSDTlong	0.0000%	8h	466.96	long leg	$8.8M	$12.9M	20x
Bybit AMATUSDT	0.0000%	8h	466.96	+0.001%	$892K	$657K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	467.60	+0.138%	$1.4M	$1.6M	20x	as long as short
Bitget AMATUSDT	0.0000%	8h	466.95	−0.001%	$2.0M	$1.7M	20x	as long as short
Variational Omni AMAT	0.0000%	8h	467.52	+0.120%	$65K	$44K	—	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	467.03	+0.016%	$504	$101K	10x	as long as short
BloFin AMAT-USDT	+0.0023%	8h	467.23	+0.059%	$109K	$100K	20x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	466.65	−0.066%	—	—	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:AMATshort	+0.0050%	1h	466.68	−0.059%	$2.6M	$2.2M	10x
KuCoin AMATUSDTM	+0.0100%	8h	466.82	−0.029%	$410K	$534K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	465.24	−0.368%	$940	$368K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	468.61	+0.354%	$170K	$39K	20x	as long as short
Phoenix AMAT	+0.0222%	1h	467.69	+0.157%	$19K	$110K	10x	as long as short
Gate AMAT_USDT	+0.0245%	8h	466.80	−0.034%	$1.6M	$6.4M	50x	as long as short