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 −0.005%

Price spread now: SunX against tradeXYZ−0.002%7-day average +0.049% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on tradeXYZ Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.002%, 7d avg +0.049%

Together, before fees−0.051%+ Points / potential airdroptradeXYZ: Active · farm board−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.051% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.002% now, against its 7-day average of +0.049%). If the spread goes back, that is −$5 on $10k: about 3.4 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.053%, 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	tradeXYZ xyz:AMAT	471.04	0.0050	pay 0.0006% / 1h	59m 52s	$2.6M	$2.3M	10x
Short	SunX AMAT-USDT	471.03	0.0100	get 0.0100% / 8h	4h 59m	$805	$364K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.002%Rate

Funding earned: $10.5
Price spread: −0.002% → +0.049%: −$5.13
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee SunX: 4 bp × 2 orders: −$8
Net: −$20.63
Costs to cover: 0.260%
Break-even: 20.8 days

Slippage unknown: tradeXYZ: live order book, 8 min ago; SunX: live order book, 31 min ago. Net counts fees only.

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 SunX live order book, 31 min ago	500.10 bp	doesn't fit	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	470.82	−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-USDT	+0.0087%	8h	471.19	+0.032%	$110K	$93K	20x	as long as short
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-USDTshort	+0.0100%	8h	471.03	−0.002%	$805	$364K	10x
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