Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0211%/8h= −23.2% APRpaid last 24h +0.076%

Price spread now: GRVT against tradeXYZ+0.004%46s7-day average +0.089% · you sell dearer than you buy

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

Long on tradeXYZ Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.349%+$35 on $10k

Price spread, last 4 days (all we have)+0.210%+$21 · spread now +0.004%, 7d avg +0.089%

Together, before fees+0.559%+ Points / potential airdroptradeXYZ: Active · GRVT: Active · farm board+$56 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and GRVT is 0.084% cheaper against tradeXYZ than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.089%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.349%, so the current rate has only just turned against you. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:AMAT	471.08	0.0211	pay 0.0026% / 1h	58m 53s	$2.6M	$2.3M	10x
Short	GRVT AMAT_USDT_Perp	471.10	0	get 0.0000% / 8h	4h 58m	$353	$100K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$44.4
Price spread: +0.004% → +0.089%: −$8.43
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$79.84
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 9 min ago; GRVT: live order book, 54 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 tradeXYZ live order book, 9 min ago	2.23 bp	12.6 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 54 min ago	1.91 bp	doesn't fit	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	470.71	−0.078%	$10K	$11K	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	471.17	+0.019%	$900K	$656K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	470.98	−0.021%	$1.4M	$1.6M	20x	as long as short
Bitget AMATUSDT	0.0000%	8h	471.27	+0.040%	$2.1M	$1.7M	20x	as long as short
GRVT AMAT_USDT_Perpshort	0.0000%	8h	471.10	+0.004%	$353	$100K	10x
Variational Omni AMAT	+0.0036%	8h	471.07	−0.002%	$66K	$44K	—	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	470.76	−0.068%	—	—	10x	as long as short
BloFin AMAT-USDT	+0.0080%	8h	471.11	+0.006%	$110K	$94K	20x	as long as short
Extended AMAT-USD	+0.0096%	1h	471.07	−0.003%	$5K	$27K	10x	as long as short
Binance AMATUSDT	+0.0098%	8h	471.21	+0.027%	$8.9M	$12.6M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AMATUSDTM	+0.0100%	8h	470.62	−0.098%	$413K	$494K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	471.07	−0.002%	$806	$364K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	471.91	+0.176%	$172K	$40K	20x	as long as short
Phoenix AMAT	+0.0204%	1h	471.07	−0.002%	$19K	$109K	10x	as long as short
tradeXYZ xyz:AMATlong	+0.0211%	1h	471.08	long leg	$2.6M	$2.3M	10x
Gate AMAT_USDT	+0.0370%	8h	471.00	−0.017%	$1.7M	$6.3M	50x	as long as short