Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.005%

Price spread now: HTX against tradeXYZ+0.238%49s7-day average +0.250% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$870.867% of the position

Long on tradeXYZ Short on HTX

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 +0.238%, 7d avg +0.250%

Together, before fees−0.195%+ Points / potential airdroptradeXYZ: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.250%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.053%, so the current rate has only just turned in your favour. The two prices were read 49 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	469.85	0.0050	pay 0.0006% / 1h	25m 28s	$2.6M	$2.3M	10x
Short	HTX AMAT-USDT	470.97	0.0100	get 0.0100% / 8h	5h 25m	$171K	$40K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.238%Rate

Funding earned: $10.5
Price spread: +0.238% → +0.250%: −$1.18
Slippage, 4 orders: −$56.69
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$77.36
Costs to cover: 0.867%
Break-even: 58.6 days

Slippage from tradeXYZ: live order book, 1 min ago; HTX: live order book, 36 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, 1 min ago	2.23 bp	12.9 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 36 min ago	15.51 bp	33.5 bp −$34	114.6 bp −$1,146	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	469.72	−0.027%	$10K	$11K	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	469.96	+0.023%	$898K	$656K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	469.98	+0.028%	$1.4M	$1.6M	20x	as long as short
Bitget AMATUSDT	0.0000%	8h	470.04	+0.040%	$2.1M	$1.7M	20x	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	469.94	+0.019%	$188	$100K	10x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	469.77	−0.017%	—	—	10x	as long as short
tradeXYZ xyz:AMATlong	+0.0050%	1h	469.85	long leg	$2.6M	$2.3M	10x
Variational Omni AMAT	+0.0095%	8h	469.88	+0.007%	$65K	$44K	—	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	469.61	−0.051%	$412K	$482K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	470.53	+0.145%	$993	$365K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AMAT-USDTshort	+0.0100%	8h	470.97	+0.238%	$171K	$40K	20x
Binance AMATUSDT	+0.0159%	8h	469.99	+0.030%	$8.9M	$12.6M	20x	as long as short
Extended AMAT-USD	+0.0160%	1h	469.85	+0.001%	$5K	$27K	10x	as long as short
BloFin AMAT-USDT	+0.0184%	8h	469.85	0.000%	$110K	$91K	20x	as long as short
Phoenix AMAT	+0.0204%	1h	470.04	+0.040%	$19K	$110K	10x	as long as short
Gate AMAT_USDT	+0.0250%	8h	469.80	−0.011%	$1.7M	$6.4M	50x	as long as short