Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0324%/8h= −35.5% APRpaid last 24h −0.015%

Price spread now: KuCoin against Extended−0.062%7-day average — · you buy dearer than you sell

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

Long on Extended Short on KuCoin

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and KuCoin is 0.062% cheaper against Extended than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AMAT-USD	466.45	0.0424	pay 0.0053% / 1h	16m 53s	$5K	$27K	10x
Short	KuCoin AMATUSDTM	466.16	0.0100	get 0.0100% / 8h	16m 53s	$406K	$429K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$68.04
Price spread: −0.062% → 0.000%: −$6.25
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$91.29
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; KuCoin: live order book, 45 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 Extended no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 45 min ago	6.66 bp	180.4 bp −$180	doesn't fit	doesn't fit	doesn't fit

Extended: 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.

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	466.85	+0.086%	$10K	$11K	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	466.51	+0.013%	$928K	$618K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	466.89	+0.094%	$1.4M	$1.6M	20x	as long as short
Gate AMAT_USDT	0.0000%	8h	466.90	+0.096%	$2.0M	$6.4M	50x	as long as short
Bitget AMATUSDT	0.0000%	8h	466.85	+0.085%	$2.1M	$1.7M	20x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	466.42	−0.007%	—	—	10x	as long as short
tradeXYZ xyz:AMAT	+0.0069%	1h	466.35	−0.022%	$2.6M	$2.3M	10x	as long as short
KuCoin AMATUSDTMshort	+0.0100%	8h	466.16	−0.062%	$406K	$429K	20x
SunX AMAT-USDT	+0.0100%	8h	466.80	+0.075%	$962	$379K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	467.84	+0.298%	$170K	$40K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AMAT	+0.0323%	8h	466.45	0.000%	$86K	$24K	—	as long as short
Phoenix AMAT	+0.0360%	1h	466.68	+0.049%	$19K	$131K	10x	as long as short
BloFin AMAT-USDT	+0.0403%	8h	466.62	+0.036%	$109K	$81K	20x	as long as short
Extended AMAT-USDlong	+0.0424%	1h	466.45	long leg	$5K	$27K	10x
Binance AMATUSDT	+0.0428%	8h	466.52	+0.015%	$8.9M	$12.7M	20x	as long as short
GRVT AMAT_USDT_Perp	+0.0630%	8h	466.61	+0.034%	$224	$99K	10x	as long as short