Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.030%

Price spread now: tradeXYZ against OKX+0.013%7-day average −0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$490.491% of the position

Long on OKX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 7 days−0.104%−$10 · spread now +0.013%, 7d avg −0.118%

Together, before fees−0.205%+ Points / potential airdroptradeXYZ: Active · farm board−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.130% dearer against OKX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.118%. Mind the row above: over the last 7 days funding on this pair cost −0.101%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AMAT-USDT-SWAP	470.98	0	get 0.0000% / 8h	5h 00m	$1.4M	$1.6M	20x
Short	tradeXYZ xyz:AMAT	471.04	0.0050	get 0.0006% / 1h	0m 02s	$2.6M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.013%Rate

Funding earned: $10.5
Price spread: +0.013% → −0.118%: $13.04
Slippage, 4 orders: −$21.13
Fee OKX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$25.59
Costs to cover: 0.491%
Break-even: 24.1 days

Slippage from OKX: live order book, 2 min ago; tradeXYZ: live order book, 8 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	3.18 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 8 min ago	2.23 bp	12.7 bp −$13	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	470.88	−0.021%	$10K	$11K	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	471.11	+0.028%	$900K	$656K	25x	as long as short
OKX AMAT-USDT-SWAPlong	0.0000%	8h	470.98	long leg	$1.4M	$1.6M	20x
Bitget AMATUSDT	0.0000%	8h	471.31	+0.070%	$2.1M	$1.7M	20x	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	470.84	−0.031%	$363	$100K	10x	as long as short
Variational Omni AMAT	+0.0036%	8h	471.07	+0.019%	$66K	$44K	—	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	470.65	−0.070%	—	—	10x	as long as short
tradeXYZ xyz:AMATshort	+0.0050%	1h	471.04	+0.013%	$2.6M	$2.3M	10x
BloFin AMAT-USDT	+0.0087%	8h	471.19	+0.045%	$110K	$93K	20x	as long as short
Extended AMAT-USD	+0.0096%	1h	471.09	+0.022%	$5K	$27K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AMATUSDT	+0.0098%	8h	471.20	+0.048%	$8.9M	$12.6M	20x	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	470.66	−0.068%	$413K	$492K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	471.03	+0.011%	$805	$364K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	471.91	+0.197%	$172K	$40K	20x	as long as short
Phoenix AMAT	+0.0204%	1h	471.07	+0.019%	$19K	$110K	10x	as long as short
Gate AMAT_USDT	+0.0365%	8h	471.00	+0.004%	$1.7M	$6.4M	50x	as long as short