Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.029%

Price spread now: Aster against tradeXYZ+0.041%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.041% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:AMAT	462.78	0.0050	pay 0.0006% / 1h	48m 05s	$2.6M	$2.2M	10x
Short	Aster AMATUSDT	462.97	0	get 0.0000% / 8h	2h 48m	$10K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$10.5
Price spread: +0.041% → 0.000%: $4.1
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$32.4
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 10 min ago; Aster: no order-book sample. 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 tradeXYZ live order book, 10 min ago	1.95 bp	13.7 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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
Bitget AMATUSDT	−0.0186%	8h	463.56	+0.169%	$2.0M	$1.8M	20x	as long as short
Aster AMATUSDTshort	0.0000%	8h	462.97	+0.041%	$10K	$11K	20x
Extended AMAT-USD	0.0000%	1h	462.67	−0.025%	$5K	$27K	10x	as long as short
Binance AMATUSDT	0.0000%	8h	462.82	+0.008%	$8.5M	$13.4M	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	462.72	−0.013%	$862K	$681K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	462.80	+0.004%	$1.4M	$1.6M	20x	as long as short
Gate AMAT_USDT	0.0000%	8h	462.90	+0.026%	$1.5M	$6.5M	50x	as long as short
Variational Omni AMAT	0.0000%	8h	463.70	+0.199%	$65K	$44K	—	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	463.65	+0.189%	$250	$107K	10x	as long as short
BloFin AMAT-USDT	+0.0016%	8h	463.18	+0.086%	$108K	$108K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMAT-USD-PERP	+0.0046%	1h	463.06	+0.061%	—	—	10x	as long as short
tradeXYZ xyz:AMATlong	+0.0050%	1h	462.78	long leg	$2.6M	$2.2M	10x
KuCoin AMATUSDTM	+0.0100%	8h	462.25	−0.115%	$402K	$549K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	464.79	+0.434%	$1K	$376K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	463.69	+0.197%	$169K	$39K	20x	as long as short
Phoenix AMAT	+0.0225%	1h	464.07	+0.279%	$19K	$110K	10x	as long as short