Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0221%/8h= −24.2% APRpaid last 24h +0.027%

Price spread now: tradeXYZ against Bybit−0.035%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$860.862% of the position

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.260%+$26 on $10k

Price spread, last 7 days−0.038%−$4 · spread now −0.035%, 7d avg −0.054%

Together, before fees+0.222%+ Points / potential airdroptradeXYZ: Active · farm board+$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.054%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.260%, 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	Bybit AMATUSDT	455.51	0	get 0.0000% / 8h	7h 33m	$810K	$701K	25x
Short	tradeXYZ xyz:AMAT	455.35	−0.0221	pay 0.0028% / 1h	33m 50s	$2.1M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Bybit. 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 BybitbpFee tradeXYZbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$46.5
Price spread: −0.035% → −0.054%: $1.85
Slippage, 4 orders: −$57.16
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$130.81
Costs to cover: 0.862%
Break-even: never at this rate

Slippage from Bybit: live order book, 61 min ago; tradeXYZ: live order book, 3 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 Bybit live order book, 61 min ago	4.02 bp	22.2 bp −$22	103.1 bp −$1,031	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	1.10 bp	11.8 bp −$12	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
GRVT AMAT_USDT_Perp	−0.0470%	8h	456.35	+0.185%	$388	$109K	10x	as long as short
Bitget AMATUSDT	−0.0393%	8h	455.46	−0.011%	$1.9M	$1.9M	20x	as long as short
tradeXYZ xyz:AMATshort	−0.0221%	1h	455.35	−0.035%	$2.1M	$2.7M	10x
Aster AMATUSDT	0.0000%	8h	456.29	+0.171%	$10K	$10K	20x	as long as short
Extended AMAT-USD	0.0000%	1h	455.32	−0.042%	$1K	$14K	10x	as long as short
Binance AMATUSDT	0.0000%	8h	455.61	+0.022%	$8.3M	$14.4M	20x	as long as short
Bybit AMATUSDTlong	0.0000%	8h	455.51	long leg	$810K	$701K	25x
OKX AMAT-USDT-SWAP	0.0000%	8h	455.91	+0.088%	$1.3M	$1.6M	20x	as long as short
Gate AMAT_USDT	0.0000%	8h	455.40	−0.024%	$1.4M	$5.3M	50x	as long as short
Variational Omni AMAT	0.0000%	8h	455.41	−0.022%	$58K	$40K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin AMAT-USDT	+0.0007%	8h	455.65	+0.031%	$108K	$121K	20x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	454.95	−0.123%	—	—	10x	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	455.35	−0.035%	$390K	$585K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	456.56	+0.231%	$895	$378K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	455.77	+0.057%	$166K	$40K	20x	as long as short
Phoenix AMAT	+0.0122%	1h	456.45	+0.206%	$18K	$116K	10x	as long as short