Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0037%/8h= +4.1% APRpaid last 24h +0.020%

Price spread now: BloFin against tradeXYZ+0.032%68s7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as 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−$490.486% of the position

Long on tradeXYZ Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.111%+$11 on $10k

Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.032%, 7d avg +0.084%

Together, before fees+0.021%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.052% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.032% now, against its 7-day average of +0.084%). If the spread goes back, that is −$5 on $10k: about 4.7 days of funding at the current rate (+$1 a day). The two prices were read 68 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	tradeXYZ xyz:AMAT	471.04	0.0050	pay 0.0006% / 1h	59m 55s	$2.6M	$2.3M	10x
Short	BloFin AMAT-USDT	471.19	0.0087	get 0.0087% / 8h	4h 59m	$110K	$93K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against tradeXYZ. 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 tradeXYZbpFee BloFinbpOrdersPrice spread, now +0.032%Rate

Funding earned: $7.81
Price spread: +0.032% → +0.084%: −$5.19
Slippage, 4 orders: −$18.58
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$45.96
Costs to cover: 0.486%
Break-even: 48.2 days

Slippage from tradeXYZ: live order book, 8 min ago; BloFin: live order book, 35 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 tradeXYZ live order book, 8 min ago	2.23 bp	12.6 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 35 min ago	2.55 bp	10.9 bp −$11	27.4 bp −$274	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	470.82	−0.047%	$10K	$11K	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	471.08	+0.008%	$900K	$656K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	470.98	−0.013%	$1.4M	$1.6M	20x	as long as short
Bitget AMATUSDT	0.0000%	8h	471.33	+0.062%	$2.1M	$1.7M	20x	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	470.84	−0.043%	$363	$100K	10x	as long as short
Variational Omni AMAT	+0.0036%	8h	471.07	+0.006%	$66K	$44K	—	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	470.65	−0.083%	—	—	10x	as long as short
tradeXYZ xyz:AMATlong	+0.0050%	1h	471.04	long leg	$2.6M	$2.3M	10x
BloFin AMAT-USDTshort	+0.0087%	8h	471.19	+0.032%	$110K	$93K	20x
Extended AMAT-USD	+0.0096%	1h	471.07	+0.006%	$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	471.18	+0.030%	$8.9M	$12.6M	20x	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	470.61	−0.091%	$413K	$493K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	471.03	−0.002%	$805	$364K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	471.91	+0.185%	$172K	$40K	20x	as long as short
Phoenix AMAT	+0.0204%	1h	471.07	+0.006%	$19K	$110K	10x	as long as short
Gate AMAT_USDT	+0.0365%	8h	471.00	−0.008%	$1.7M	$6.4M	50x	as long as short