Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0102%/8h= −11.1% APRpaid last 24h +0.013%

Price spread now: tradeXYZ against Variational Omni+0.046%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on tradeXYZ

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 airdropVariational Omni: Active · tradeXYZ: Active · farm boardneeds both histories

The price spread pays, funding is against you. tradeXYZ is 0.046% dearer against Variational Omni than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AMAT	466.35	0.0271	pay 0.0271% / 8h	38m 42s	$76K	$14K	—
Short	tradeXYZ xyz:AMAT	466.56	0.0170	get 0.0021% / 1h	38m 42s	$2.6M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Variational Omni. 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 Variational OmnibpFee tradeXYZbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$21.35
Price spread: +0.046% → 0.000%: $4.57
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$34.77
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; tradeXYZ: live order book, 9 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 Variational Omni no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 9 min ago	1.50 bp	12.1 bp −$12	doesn't fit	doesn't fit	doesn't fit

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	466.45	+0.022%	$10K	$11K	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	466.72	+0.080%	$934K	$652K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	467.03	+0.147%	$1.4M	$1.6M	20x	as long as short
Gate AMAT_USDT	0.0000%	8h	467.00	+0.140%	$2.0M	$6.4M	50x	as long as short
Bitget AMATUSDT	0.0000%	8h	467.18	+0.179%	$2.1M	$1.7M	20x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	466.04	−0.066%	—	—	10x	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	466.28	−0.014%	$406K	$412K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	466.70	+0.076%	$1K	$385K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	466.97	+0.134%	$170K	$40K	20x	as long as short
tradeXYZ xyz:AMATshort	+0.0170%	1h	466.56	+0.046%	$2.6M	$2.4M	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AMATlong	+0.0271%	8h	466.35	long leg	$76K	$14K	—
Phoenix AMAT	+0.0360%	1h	466.42	+0.016%	$19K	$131K	10x	as long as short
Binance AMATUSDT	+0.0384%	8h	466.75	+0.086%	$8.9M	$12.8M	20x	as long as short
Extended AMAT-USD	+0.0384%	1h	466.73	+0.082%	$5K	$27K	10x	as long as short
BloFin AMAT-USDT	+0.0401%	8h	466.68	+0.071%	$109K	$80K	20x	as long as short
GRVT AMAT_USDT_Perp	+0.0601%	8h	466.53	+0.040%	$299	$101K	10x	as long as short