Funding arb · Price arb /

AMAT

RWAall AMAT markets

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: Bybit against tradeXYZ−0.035%7-day average +0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$830.825% of the position

Long on tradeXYZ Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.263%−$26 on $10k

Price spread, last 7 days+0.053%+$5 · spread now −0.035%, 7d avg +0.051%

Together, before fees−0.210%+ Points / potential airdroptradeXYZ: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.086% cheaper against tradeXYZ than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.051%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:AMAT	459.44	0.0050	pay 0.0006% / 1h	25m 45s	$2.5M	$2.2M	10x
Short	Bybit AMATUSDT	459.28	0	get 0.0000% / 8h	2h 25m	$851K	$691K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$10.5
Price spread: −0.035% → +0.051%: −$8.58
Slippage, 4 orders: −$53.54
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$101.62
Costs to cover: 0.825%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 2 min ago; Bybit: live order book, 19 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	1.74 bp	13.6 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 19 min ago	2.92 bp	34.5 bp −$35	112.9 bp −$1,129	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	−0.0405%	8h	459.68	+0.052%	$1.9M	$1.8M	20x	as long as short
BloFin AMAT-USDT	−0.0004%	8h	459.68	+0.052%	$108K	$109K	20x	as long as short
Aster AMATUSDT	0.0000%	8h	459.72	+0.060%	$10K	$11K	20x	as long as short
Extended AMAT-USD	0.0000%	1h	459.10	−0.073%	$5K	$27K	10x	as long as short
Binance AMATUSDT	0.0000%	8h	459.29	−0.032%	$8.4M	$13.7M	20x	as long as short
Bybit AMATUSDTshort	0.0000%	8h	459.28	−0.035%	$851K	$691K	25x
OKX AMAT-USDT-SWAP	0.0000%	8h	459.51	+0.015%	$1.4M	$1.6M	20x	as long as short
Gate AMAT_USDT	0.0000%	8h	459.20	−0.052%	$1.5M	$6.6M	50x	as long as short
Variational Omni AMAT	0.0000%	8h	459.13	−0.067%	$64K	$44K	—	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	460.45	+0.219%	$175	$109K	10x	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	459.23	−0.046%	—	—	10x	as long as short
tradeXYZ xyz:AMATlong	+0.0050%	1h	459.44	long leg	$2.5M	$2.2M	10x
KuCoin AMATUSDTM	+0.0100%	8h	459.31	−0.028%	$396K	$551K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	460.07	+0.137%	$1K	$378K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	460.46	+0.222%	$168K	$39K	20x	as long as short
Phoenix AMAT	+0.0225%	1h	460.48	+0.226%	$18K	$110K	10x	as long as short