Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.003%

Price spread now: tradeXYZ against SunX+0.023%7-day average −0.049% · you sell dearer than you buy

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

Long on SunX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.023%, 7d avg −0.049%

Together, before fees−0.089%+ Points / potential airdroptradeXYZ: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.072% dearer against SunX than usual: you sell high and buy low (spread +0.023% now, against its 7-day average of −0.049%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.8 days. Mind the row above: over the last 7 days funding on this pair paid +0.053%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AMAT-USDT	470.40	0.0100	pay 0.0100% / 8h	4h 36m	$908	$363K	10x
Short	tradeXYZ xyz:AMAT	470.51	0.0050	get 0.0006% / 1h	36m 04s	$2.6M	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against SunX. 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 SunXbpFee tradeXYZbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$10.5
Price spread: +0.023% → −0.049%: $7.2
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$29.3
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 55 min ago; tradeXYZ: live order book, 2 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 SunX live order book, 55 min ago	500.10 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 2 min ago	1.81 bp	13.1 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	470.31	−0.019%	$10K	$11K	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	470.46	+0.013%	$899K	$656K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	471.23	+0.176%	$1.4M	$1.6M	20x	as long as short
Bitget AMATUSDT	0.0000%	8h	470.78	+0.081%	$2.1M	$1.7M	20x	as long as short
Variational Omni AMAT	0.0000%	8h	470.49	+0.019%	$66K	$44K	—	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	470.81	+0.088%	$852	$101K	10x	as long as short
Binance AMATUSDT	+0.0044%	8h	470.57	+0.036%	$8.9M	$12.6M	20x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	470.48	+0.017%	—	—	10x	as long as short
Extended AMAT-USD	+0.0048%	1h	470.45	+0.011%	$5K	$27K	10x	as long as short
tradeXYZ xyz:AMATshort	+0.0050%	1h	470.51	+0.023%	$2.6M	$2.2M	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin AMAT-USDT	+0.0068%	8h	470.50	+0.021%	$109K	$94K	20x	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	470.19	−0.045%	$413K	$506K	20x	as long as short
SunX AMAT-USDTlong	+0.0100%	8h	470.40	long leg	$908	$363K	10x
HTX AMAT-USDT	+0.0100%	8h	471.80	+0.298%	$172K	$39K	20x	as long as short
Phoenix AMAT	+0.0221%	1h	470.69	+0.062%	$19K	$110K	10x	as long as short
Gate AMAT_USDT	+0.0418%	8h	470.60	+0.043%	$1.7M	$6.3M	50x	as long as short