Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Bybit against OKX−0.028%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$810.812% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.364%−$36 on $10k

Price spread, last 7 days−0.120%−$12 · spread now −0.028%, 7d avg −0.067%

Together, before fees−0.483%−$48 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.040% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AMAT-USDT-SWAP	470.39	0	get 0.0000% / 8h	6h 14m	$1.4M	$1.6M	20x
Short	Bybit AMATUSDT	470.26	0	get 0.0000% / 8h	6h 14m	$900K	$654K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → −0.067%: $3.97
Slippage, 4 orders: −$60.24
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$77.27
Costs to cover: 0.812%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 50 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 OKX live order book, 2 min ago	3.08 bp	22.6 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 50 min ago	2.86 bp	33.4 bp −$33	107.3 bp −$1,073	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	470.48	+0.019%	$10K	$11K	20x	as long as short
Bybit AMATUSDTshort	0.0000%	8h	470.26	−0.028%	$900K	$654K	25x
OKX AMAT-USDT-SWAPlong	0.0000%	8h	470.39	long leg	$1.4M	$1.6M	20x
Bitget AMATUSDT	0.0000%	8h	470.53	+0.030%	$2.1M	$1.7M	20x	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	470.09	−0.064%	$226	$98K	10x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	470.32	−0.015%	—	—	10x	as long as short
tradeXYZ xyz:AMAT	+0.0050%	1h	470.26	−0.028%	$2.6M	$2.3M	10x	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	469.76	−0.134%	$412K	$473K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	470.79	+0.085%	$975	$373K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	471.92	+0.325%	$172K	$39K	20x	as long as short

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	−0.031%	$66K	$44K	—	as long as short
Phoenix AMAT	+0.0220%	1h	470.33	−0.013%	$19K	$110K	10x	as long as short
Binance AMATUSDT	+0.0277%	8h	470.40	+0.002%	$8.9M	$12.6M	20x	as long as short
Extended AMAT-USD	+0.0280%	1h	470.28	−0.022%	$5K	$27K	10x	as long as short
Gate AMAT_USDT	+0.0358%	8h	470.20	−0.040%	$1.7M	$6.4M	50x	as long as short