Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h −0.006%

Price spread now: KuCoin against tradeXYZ−0.072%7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$355as in the Funding arb table

Net, price: spread back to 7d avg − costs−$363as in the Price arb table

costs, in and out, $10k−$3523.520% of the position

Long on tradeXYZ Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.072%, 7d avg +0.033%

Together, before fees+0.056%+ Points / potential airdroptradeXYZ: Active · farm board+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.105% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of +0.033%). If the spread goes back, that is −$10 on $10k: about 15 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:AMAT	471.44	0.0076	pay 0.0010% / 1h	0m 25s	$2.7M	$2.3M	10x
Short	KuCoin AMATUSDTM	471.10	0.0100	get 0.0100% / 8h	7h 00m	$413K	$462K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.072%Rate

Funding earned: $4.97
Price spread: −0.072% → +0.033%: −$10.5
Slippage, 4 orders: −$322.01
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$357.54
Costs to cover: 3.520%
Break-even: 511.1 days

Slippage from tradeXYZ: live order book, 7 min ago; KuCoin: live order book, 52 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, 7 min ago	2.12 bp	14.2 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 52 min ago	7.27 bp	166.6 bp −$167	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	471.38	−0.013%	$10K	$11K	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	471.48	+0.008%	$908K	$646K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	471.87	+0.091%	$1.4M	$1.6M	20x	as long as short
Bitget AMATUSDT	+0.0042%	8h	471.67	+0.049%	$2.1M	$1.7M	20x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	471.40	−0.008%	—	—	10x	as long as short
tradeXYZ xyz:AMATlong	+0.0076%	1h	471.44	long leg	$2.7M	$2.3M	10x
KuCoin AMATUSDTMshort	+0.0100%	8h	471.10	−0.072%	$413K	$462K	20x
SunX AMAT-USDT	+0.0100%	8h	471.72	+0.059%	$807	$373K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	472.24	+0.170%	$172K	$39K	20x	as long as short
GRVT AMAT_USDT_Perp	+0.0252%	8h	471.70	+0.055%	$486	$97K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix AMAT	+0.0292%	1h	471.73	+0.062%	$19K	$131K	10x	as long as short
Variational Omni AMAT	+0.0337%	8h	471.54	+0.022%	$87K	$24K	—	as long as short
BloFin AMAT-USDT	+0.0397%	8h	471.69	+0.053%	$110K	$85K	20x	as long as short
Extended AMAT-USD	+0.0408%	1h	471.49	+0.011%	$5K	$27K	10x	as long as short
Binance AMATUSDT	+0.0408%	8h	471.55	+0.023%	$9.0M	$12.6M	20x	as long as short
Gate AMAT_USDT	+0.0488%	8h	471.50	+0.013%	$1.8M	$6.5M	50x	as long as short