Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.029%

Price spread now: tradeXYZ against Aster−0.071%7-day average — · you buy dearer than you sell

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

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.071% cheaper against Aster than usual: you would sell low and buy high (spread −0.071% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AMATUSDT	466.20	0	get 0.0000% / 8h	3h 36m	$10K	$11K	20x
Short	tradeXYZ xyz:AMAT	465.87	0.0050	get 0.0006% / 1h	36m 50s	$2.6M	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Aster. 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 AsterbpFee tradeXYZbpOrdersPrice spread, now −0.071%Rate

Funding earned: $10.5
Price spread: −0.071% → 0.000%: −$7.13
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$22.63
Costs to cover: 0.260%
Break-even: 22.1 days

Slippage unknown: Aster: no order-book sample; tradeXYZ: live order book, 1 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 Aster no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 1 min ago	1.50 bp	12.2 bp −$12	doesn't fit	doesn't fit	doesn't fit

Aster: 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
BloFin AMAT-USDT	−0.0022%	8h	465.88	−0.069%	$109K	$101K	20x	as long as short
Aster AMATUSDTlong	0.0000%	8h	466.20	long leg	$10K	$11K	20x
Extended AMAT-USD	0.0000%	1h	465.71	−0.106%	$5K	$27K	10x	as long as short
Binance AMATUSDT	0.0000%	8h	465.85	−0.075%	$8.7M	$13.0M	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	465.57	−0.136%	$881K	$664K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	465.87	−0.071%	$1.4M	$1.6M	20x	as long as short
Bitget AMATUSDT	0.0000%	8h	466.02	−0.039%	$2.0M	$1.7M	20x	as long as short
Variational Omni AMAT	0.0000%	8h	466.19	−0.002%	$65K	$44K	—	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	465.75	−0.097%	$480	$101K	10x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	465.38	−0.176%	—	—	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:AMATshort	+0.0050%	1h	465.87	−0.071%	$2.6M	$2.2M	10x
KuCoin AMATUSDTM	+0.0100%	8h	465.81	−0.084%	$406K	$536K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	463.85	−0.505%	$942	$367K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	466.16	−0.009%	$170K	$39K	20x	as long as short
Gate AMAT_USDT	+0.0204%	8h	465.70	−0.108%	$1.6M	$6.4M	50x	as long as short
Phoenix AMAT	+0.0222%	1h	465.66	−0.116%	$19K	$110K	10x	as long as short