Funding arb · Price arb /

AMAT

RWAall AMAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.035%

Price spread now: Bybit against tradeXYZ−0.077%7-day average +0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$730.733% of the position

Long on tradeXYZ Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.263%−$26 on $10k

Price spread, last 7 days+0.043%+$4 · spread now −0.077%, 7d avg +0.051%

Together, before fees−0.220%+ Points / potential airdroptradeXYZ: Active · farm board−$22 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 Bybit is 0.127% cheaper against tradeXYZ than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.051%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:AMAT	470.22	0.0050	pay 0.0006% / 1h	13m 34s	$2.6M	$2.3M	10x
Short	Bybit AMATUSDT	469.86	0	get 0.0000% / 8h	6h 13m	$900K	$654K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.077%Rate

Funding earned: −$10.5
Price spread: −0.077% → +0.051%: −$12.74
Slippage, 4 orders: −$44.31
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$96.55
Costs to cover: 0.733%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 4 min ago; Bybit: live order book, 52 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, 4 min ago	2.44 bp	14.3 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 52 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	470.43	+0.046%	$10K	$11K	20x	as long as short
Bybit AMATUSDTshort	0.0000%	8h	469.86	−0.077%	$900K	$654K	25x
OKX AMAT-USDT-SWAP	0.0000%	8h	470.00	−0.047%	$1.4M	$1.6M	20x	as long as short
Bitget AMATUSDT	0.0000%	8h	470.26	+0.009%	$2.1M	$1.7M	20x	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	470.42	+0.042%	$701	$99K	10x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	469.94	−0.060%	—	—	10x	as long as short
tradeXYZ xyz:AMATlong	+0.0050%	1h	470.22	long leg	$2.6M	$2.3M	10x
KuCoin AMATUSDTM	+0.0100%	8h	469.78	−0.094%	$413K	$473K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	470.75	+0.113%	$974	$373K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	471.92	+0.362%	$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	+0.005%	$66K	$44K	—	as long as short
Phoenix AMAT	+0.0220%	1h	470.33	+0.023%	$19K	$110K	10x	as long as short
Binance AMATUSDT	+0.0270%	8h	470.15	−0.014%	$8.9M	$12.6M	20x	as long as short
Extended AMAT-USD	+0.0272%	1h	470.22	0.000%	$5K	$27K	10x	as long as short
Gate AMAT_USDT	+0.0348%	8h	470.30	+0.017%	$1.7M	$6.4M	50x	as long as short