Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.022%

Price spread now: tradeXYZ against Binance−0.071%7-day average −0.120% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$460.457% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 7 days+0.044%+$4 · spread now −0.071%, 7d avg −0.120%

Together, before fees−0.065%+ Points / potential airdroptradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.049% dearer against Binance than usual: you sell high and buy low (spread −0.071% now, against its 7-day average of −0.120%): +$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 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AMATUSDT	470.41	0.0150	pay 0.0150% / 8h	5h 21m	$8.9M	$12.6M	20x
Short	tradeXYZ xyz:AMAT	470.08	0.0050	get 0.0006% / 1h	21m 29s	$2.6M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Binance. 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 BinancebpFee tradeXYZbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$20.95
Price spread: −0.071% → −0.120%: $4.91
Slippage, 4 orders: −$17.72
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$61.77
Costs to cover: 0.457%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; tradeXYZ: live order book, 5 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 Binance live order book, 4 min ago	0.53 bp	10.7 bp −$11	37.8 bp −$378	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	2.23 bp	11.4 bp −$11	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	470.20	−0.046%	$10K	$11K	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	470.29	−0.026%	$899K	$656K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	470.60	+0.040%	$1.4M	$1.6M	20x	as long as short
Bitget AMATUSDT	0.0000%	8h	470.60	+0.040%	$2.1M	$1.7M	20x	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	470.12	−0.061%	$179	$100K	10x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	470.03	−0.081%	—	—	10x	as long as short
tradeXYZ xyz:AMATshort	+0.0050%	1h	470.08	−0.071%	$2.6M	$2.3M	10x
Variational Omni AMAT	+0.0095%	8h	469.88	−0.112%	$65K	$44K	—	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	469.76	−0.139%	$412K	$481K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	470.53	+0.025%	$993	$365K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AMAT-USDT	+0.0100%	8h	470.82	+0.087%	$171K	$40K	20x	as long as short
BloFin AMAT-USDT	+0.0127%	8h	470.04	−0.079%	$110K	$91K	20x	as long as short
Binance AMATUSDTlong	+0.0150%	8h	470.41	long leg	$8.9M	$12.6M	20x
Extended AMAT-USD	+0.0152%	1h	470.19	−0.047%	$5K	$27K	10x	as long as short
Phoenix AMAT	+0.0204%	1h	470.27	−0.030%	$19K	$110K	10x	as long as short
Gate AMAT_USDT	+0.0266%	8h	470.10	−0.066%	$1.7M	$6.4M	50x	as long as short