Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0197%/8h= +21.5% APRpaid last 24h +0.003%

Price spread now: Variational Omni against tradeXYZ+0.080%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Variational Omni is 0.080% dearer against tradeXYZ than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:AMAT	470.84	0.0160	pay 0.0020% / 1h	24m 38s	$2.7M	$2.3M	10x
Short	Variational Omni AMAT	471.22	0.0357	get 0.0357% / 8h	7h 24m	$87K	$24K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.080%Rate

Funding earned: $41.32
Price spread: +0.080% → 0.000%: $8.01
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $31.34
Costs to cover: 0.180%
Break-even: 1.7 days

Slippage unknown: tradeXYZ: live order book, 3 min ago; Variational Omni: no order-book sample. 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, 3 min ago	3.40 bp	13.4 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	470.61	−0.049%	$10K	$11K	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	470.62	−0.047%	$908K	$652K	25x	as long as short
Bitget AMATUSDT	0.0000%	8h	471.32	+0.102%	$2.1M	$1.7M	20x	as long as short
OKX AMAT-USDT-SWAP	+0.0004%	8h	470.76	−0.017%	$1.4M	$1.6M	20x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	470.87	+0.006%	—	—	10x	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	470.72	−0.025%	$413K	$454K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	471.35	+0.108%	$1K	$376K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	472.35	+0.321%	$172K	$40K	20x	as long as short
GRVT AMAT_USDT_Perp	+0.0122%	8h	471.01	+0.036%	$212	$94K	10x	as long as short
tradeXYZ xyz:AMATlong	+0.0160%	1h	470.84	long leg	$2.7M	$2.3M	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AMAT_USDT	+0.0275%	8h	470.50	−0.072%	$1.8M	$6.4M	50x	as long as short
Phoenix AMAT	+0.0292%	1h	471.52	+0.144%	$19K	$131K	10x	as long as short
Variational Omni AMATshort	+0.0357%	8h	471.22	+0.080%	$87K	$24K	—
Binance AMATUSDT	+0.0431%	8h	470.60	−0.051%	$8.9M	$12.7M	20x	as long as short
Extended AMAT-USD	+0.0432%	1h	470.57	−0.056%	$5K	$27K	10x	as long as short
BloFin AMAT-USDT	+0.0450%	8h	471.27	+0.091%	$109K	$83K	20x	as long as short