Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0125%/8h= −13.6% APRpaid last 24h −0.005%

Price spread now: KuCoin against tradeXYZ−0.089%7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$341as in the Funding arb table

Net, price: spread back to 7d avg − costs−$350as in the Price arb table

costs, in and out, $10k−$3383.380% of the position

Long on tradeXYZ Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)+0.224%+$22 · spread now −0.089%, 7d avg +0.031%

Together, before fees+0.189%+ Points / potential airdroptradeXYZ: Active · farm board+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.120% cheaper against tradeXYZ than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.031%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:AMAT	471.04	0.0225	pay 0.0028% / 1h	58m 56s	$2.6M	$2.3M	10x
Short	KuCoin AMATUSDTM	470.62	0.0100	get 0.0100% / 8h	4h 58m	$413K	$494K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.089%Rate

Funding earned: −$26.16
Price spread: −0.089% → +0.031%: −$12.01
Slippage, 4 orders: −$308.04
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$376.22
Costs to cover: 3.380%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 9 min ago; KuCoin: live order book, 24 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, 9 min ago	2.23 bp	12.6 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 24 min ago	7.56 bp	150.0 bp −$150	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	470.72	−0.068%	$10K	$11K	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	471.12	+0.017%	$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	471.25	+0.045%	$2.1M	$1.7M	20x	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	471.10	+0.013%	$353	$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	470.76	−0.059%	—	—	10x	as long as short
BloFin AMAT-USDT	+0.0080%	8h	471.11	+0.015%	$110K	$94K	20x	as long as short
Extended AMAT-USD	+0.0096%	1h	471.07	+0.005%	$5K	$27K	10x	as long as short
Binance AMATUSDT	+0.0098%	8h	471.15	+0.023%	$8.9M	$12.6M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AMATUSDTMshort	+0.0100%	8h	470.62	−0.089%	$413K	$494K	20x
SunX AMAT-USDT	+0.0100%	8h	471.07	+0.006%	$806	$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	$109K	10x	as long as short
tradeXYZ xyz:AMATlong	+0.0225%	1h	471.04	long leg	$2.6M	$2.3M	10x
Gate AMAT_USDT	+0.0370%	8h	471.00	−0.008%	$1.7M	$6.3M	50x	as long as short