Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.025%

Price spread now: tradeXYZ against OKX−0.046%7-day average −0.116% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$950.951% of the position

Long on OKX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 7 days−0.096%−$10 · spread now −0.046%, 7d avg −0.116%

Together, before fees−0.199%+ Points / potential airdroptradeXYZ: Active · farm board−$20 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 0.070% dearer against OKX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.116%. Mind the row above: over the last 7 days funding on this pair cost −0.104%, 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	OKX AMAT-USDT-SWAP	459.80	0	get 0.0000% / 8h	6h 09m	$1.4M	$1.5M	20x
Short	tradeXYZ xyz:AMAT	459.59	0.0050	get 0.0006% / 1h	9m 09s	$2.1M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.046%Rate

Funding earned: $10.5
Price spread: −0.046% → −0.116%: $7
Slippage, 4 orders: −$67.07
Fee OKX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$77.57
Costs to cover: 0.951%
Break-even: 58.7 days

Slippage from OKX: live order book, 1 min ago; tradeXYZ: live order book, 2 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	3.26 bp	24.6 bp −$25	247.7 bp −$2,477	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 2 min ago	2.72 bp	13.3 bp −$13	doesn't fit	doesn't fit	doesn't fit

AMAT on 16 exchanges

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	−0.0125%	8h	459.73	−0.015%	$1.9M	$1.8M	20x	as long as short
BloFin AMAT-USDT	−0.0011%	8h	459.63	−0.037%	$65K	$124K	20x	as long as short
Aster AMATUSDT	0.0000%	8h	459.36	−0.096%	$10K	$10K	20x	as long as short
Extended AMAT-USD	0.0000%	1h	459.42	−0.083%	$1K	$14K	10x	as long as short
Binance AMATUSDT	0.0000%	8h	459.61	−0.040%	$8.3M	$14.4M	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	459.62	−0.039%	$816K	$686K	25x	as long as short
OKX AMAT-USDT-SWAPlong	0.0000%	8h	459.80	long leg	$1.4M	$1.5M	20x
Gate AMAT_USDT	0.0000%	8h	459.50	−0.065%	$1.5M	$5.0M	50x	as long as short
Variational Omni AMAT	0.0000%	8h	459.44	−0.079%	$56K	$43K	—	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	459.14	−0.144%	—	—	10x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:AMATshort	+0.0050%	1h	459.59	−0.046%	$2.1M	$2.7M	10x
KuCoin AMATUSDTM	+0.0100%	8h	459.07	−0.159%	$393K	$660K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	459.64	−0.035%	$1K	$357K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	460.16	+0.078%	$167K	$40K	20x	as long as short
Phoenix AMAT	+0.0157%	1h	459.73	−0.015%	$18K	$116K	10x	as long as short
GRVT AMAT_USDT_Perp	+0.0721%	8h	459.21	−0.128%	$317	$109K	10x	as long as short