Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against OKX−0.107%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1321.321% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.364%−$36 on $10k

Price spread, last 7 days+0.012%+$1 · spread now −0.107%, 7d avg −0.063%

Together, before fees−0.351%−$35 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.044% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AMAT-USDT-SWAP	459.05	0	get 0.0000% / 8h	7h 01m	$1.4M	$1.6M	20x
Short	Bybit AMATUSDT	458.56	0	get 0.0000% / 8h	7h 01m	$815K	$690K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now −0.107%Rate

Funding earned: $0
Price spread: −0.107% → −0.063%: −$4.41
Slippage, 4 orders: −$111.06
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$136.47
Costs to cover: 1.321%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Bybit: live order book, 29 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 OKX live order book, 1 min ago	3.16 bp	35.0 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 29 min ago	5.93 bp	47.5 bp −$47	144.6 bp −$1,446	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
Bitget AMATUSDT	−0.0292%	8h	458.66	−0.085%	$1.9M	$1.9M	20x	as long as short
Aster AMATUSDT	0.0000%	8h	462.09	+0.662%	$10K	$10K	20x	as long as short
Extended AMAT-USD	0.0000%	1h	458.24	−0.175%	$1K	$14K	10x	as long as short
Binance AMATUSDT	0.0000%	8h	458.47	−0.126%	$8.3M	$14.6M	20x	as long as short
Bybit AMATUSDTshort	0.0000%	8h	458.56	−0.107%	$815K	$690K	25x
OKX AMAT-USDT-SWAPlong	0.0000%	8h	459.05	long leg	$1.4M	$1.6M	20x
Gate AMAT_USDT	0.0000%	8h	458.70	−0.076%	$1.4M	$5.4M	50x	as long as short
Variational Omni AMAT	0.0000%	8h	458.31	−0.160%	$55K	$43K	—	as long as short
BloFin AMAT-USDT	+0.0015%	8h	459.11	+0.013%	$108K	$124K	20x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	458.72	−0.072%	—	—	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:AMAT	+0.0047%	1h	458.57	−0.105%	$2.1M	$2.7M	10x	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	458.19	−0.187%	$392K	$616K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	458.91	−0.030%	$1K	$373K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	459.79	+0.161%	$167K	$40K	20x	as long as short
Phoenix AMAT	+0.0122%	1h	458.32	−0.159%	$18K	$116K	10x	as long as short
GRVT AMAT_USDT_Perp	+0.0166%	8h	458.36	−0.150%	$646	$108K	10x	as long as short