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 −0.030%

Price spread now: OKX against tradeXYZ+0.119%7-day average +0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$760.764% of the position

Long on tradeXYZ Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 7 days−0.005%−$1 · spread now +0.119%, 7d avg +0.118%

Together, before fees+0.095%+ Points / potential airdroptradeXYZ: Active · farm board+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.118%, 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 paid +0.101%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:AMAT	469.66	0.0050	pay 0.0006% / 1h	50m 56s	$2.6M	$2.3M	10x
Short	OKX AMAT-USDT-SWAP	470.22	0	get 0.0000% / 8h	5h 50m	$1.4M	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.119%Rate

Funding earned: −$10.5
Price spread: +0.119% → +0.118%: $0.11
Slippage, 4 orders: −$48.45
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: −$86.84
Costs to cover: 0.764%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 7 min ago; OKX: live order book, 1 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	2.56 bp	14.4 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	3.93 bp	27.8 bp −$28	doesn't fit	doesn't fit	doesn't fit

AMAT on 15 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	469.39	−0.058%	$10K	$11K	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	469.94	+0.060%	$900K	$653K	25x	as long as short
OKX AMAT-USDT-SWAPshort	0.0000%	8h	470.22	+0.119%	$1.4M	$1.6M	20x
Bitget AMATUSDT	0.0000%	8h	469.95	+0.062%	$2.1M	$1.7M	20x	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	469.69	+0.006%	$629	$101K	10x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	469.59	−0.015%	—	—	10x	as long as short
tradeXYZ xyz:AMATlong	+0.0050%	1h	469.66	long leg	$2.6M	$2.3M	10x
KuCoin AMATUSDTM	+0.0100%	8h	469.43	−0.049%	$412K	$473K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	470.18	+0.111%	$870	$366K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	470.30	+0.136%	$171K	$39K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AMAT	+0.0158%	8h	469.66	+0.001%	$65K	$44K	—	as long as short
Phoenix AMAT	+0.0204%	1h	469.94	+0.060%	$19K	$110K	10x	as long as short
Binance AMATUSDT	+0.0230%	8h	469.69	+0.007%	$8.9M	$12.6M	20x	as long as short
Extended AMAT-USD	+0.0232%	1h	469.64	−0.004%	$5K	$27K	10x	as long as short
Gate AMAT_USDT	+0.0274%	8h	469.70	+0.009%	$1.7M	$6.4M	50x	as long as short