Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0006%/8h= −0.6% APRpaid last 24h +0.024%

Price spread now: Binance against tradeXYZ+0.013%7-day average +0.120% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$540.536% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 7 days+0.035%+$4 · spread now +0.013%, 7d avg +0.120%

Together, before fees+0.145%+ Points / potential airdroptradeXYZ: Active · farm board+$14 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: Binance is 0.107% cheaper against tradeXYZ than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.120%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:AMAT	470.51	0.0050	pay 0.0006% / 1h	36m 15s	$2.6M	$2.2M	10x
Short	Binance AMATUSDT	470.57	0.0044	get 0.0044% / 8h	4h 36m	$8.9M	$12.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.013%Rate

Funding earned: −$1.22
Price spread: +0.013% → +0.120%: −$10.68
Slippage, 4 orders: −$25.61
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$65.51
Costs to cover: 0.536%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 2 min ago; Binance: live order book, 4 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 tradeXYZ live order book, 2 min ago	1.81 bp	14.9 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.64 bp	13.1 bp −$13	33.5 bp −$335	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	470.30	−0.045%	$10K	$11K	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	470.44	−0.015%	$898K	$656K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	471.23	+0.153%	$1.4M	$1.6M	20x	as long as short
Bitget AMATUSDT	0.0000%	8h	470.76	+0.053%	$2.1M	$1.7M	20x	as long as short
Variational Omni AMAT	0.0000%	8h	470.63	+0.025%	$66K	$44K	—	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	470.81	+0.064%	$852	$101K	10x	as long as short
Binance AMATUSDTshort	+0.0044%	8h	470.57	+0.013%	$8.9M	$12.6M	20x
Vest AMAT-USD-PERP	+0.0046%	1h	470.48	−0.006%	—	—	10x	as long as short
Extended AMAT-USD	+0.0048%	1h	470.45	−0.012%	$5K	$27K	10x	as long as short
tradeXYZ xyz:AMATlong	+0.0050%	1h	470.51	long leg	$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	−0.002%	$109K	$94K	20x	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	470.19	−0.068%	$413K	$506K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	470.40	−0.023%	$908	$363K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	471.80	+0.274%	$172K	$39K	20x	as long as short
Phoenix AMAT	+0.0221%	1h	470.69	+0.038%	$19K	$110K	10x	as long as short
Gate AMAT_USDT	+0.0418%	8h	470.60	+0.019%	$1.7M	$6.3M	50x	as long as short