Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.005%

Price spread now: tradeXYZ against HTX−0.475%49s7-day average −0.251% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$890.885% of the position

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 3 days (all we have)+0.320%+$32 · spread now −0.475%, 7d avg −0.251%

Together, before fees+0.373%+ Points / potential airdroptradeXYZ: Active · farm board+$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.224% cheaper against HTX than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.251%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.053%, so the current rate has only just turned against you. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AMAT-USDT	471.92	0.0100	pay 0.0100% / 8h	6h 13m	$172K	$39K	20x
Short	tradeXYZ xyz:AMAT	469.68	0.0050	get 0.0006% / 1h	13m 20s	$2.6M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against HTX. 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 HTXbpFee tradeXYZbpOrdersPrice spread, now −0.475%Rate

Funding earned: −$10.5
Price spread: −0.475% → −0.251%: −$22.41
Slippage, 4 orders: −$58.51
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$121.42
Costs to cover: 0.885%
Break-even: never at this rate

Slippage from HTX: live order book, 53 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 HTX live order book, 53 min ago	17.46 bp	29.5 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	2.44 bp	12.7 bp −$13	doesn't fit	doesn't fit	doesn't fit

AMAT on 15 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	470.38	−0.326%	$10K	$11K	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	469.60	−0.492%	$899K	$654K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	469.75	−0.460%	$1.4M	$1.6M	20x	as long as short
Bitget AMATUSDT	0.0000%	8h	470.03	−0.400%	$2.1M	$1.7M	20x	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	470.42	−0.318%	$701	$99K	10x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	469.94	−0.420%	—	—	10x	as long as short
tradeXYZ xyz:AMATshort	+0.0050%	1h	469.68	−0.475%	$2.6M	$2.3M	10x
KuCoin AMATUSDTM	+0.0100%	8h	469.76	−0.458%	$413K	$473K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	470.75	−0.248%	$974	$373K	10x	as long as short
HTX AMAT-USDTlong	+0.0100%	8h	471.92	long leg	$172K	$39K	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AMAT	+0.0219%	8h	470.24	−0.355%	$66K	$44K	—	as long as short
Phoenix AMAT	+0.0220%	1h	470.47	−0.307%	$19K	$110K	10x	as long as short
Binance AMATUSDT	+0.0270%	8h	469.87	−0.435%	$8.9M	$12.6M	20x	as long as short
Extended AMAT-USD	+0.0272%	1h	470.22	−0.360%	$5K	$27K	10x	as long as short
Gate AMAT_USDT	+0.0348%	8h	469.50	−0.513%	$1.7M	$6.4M	50x	as long as short