Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.006%

Price spread now: Variational Omni against tradeXYZ+0.019%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:AMAT	470.40	0.0050	pay 0.0006% / 1h	33m 20s	$2.6M	$2.2M	10x
Short	Variational Omni AMAT	470.49	0	get 0.0000% / 8h	4h 33m	$66K	$44K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.019%Rate

Funding earned: −$10.5
Price spread: +0.019% → 0.000%: $1.86
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$26.64
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 5 min ago; Variational Omni: no order-book sample. 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, 5 min ago	1.81 bp	14.9 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	470.40	0.000%	$10K	$11K	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	470.39	−0.002%	$898K	$656K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	471.23	+0.176%	$1.4M	$1.6M	20x	as long as short
Bitget AMATUSDT	0.0000%	8h	470.74	+0.072%	$2.1M	$1.7M	20x	as long as short
Variational Omni AMATshort	0.0000%	8h	470.49	+0.019%	$66K	$44K	—
GRVT AMAT_USDT_Perp	0.0000%	8h	470.55	+0.032%	$852	$101K	10x	as long as short
BloFin AMAT-USDT	+0.0020%	8h	470.56	+0.034%	$110K	$94K	20x	as long as short
Binance AMATUSDT	+0.0036%	8h	470.56	+0.034%	$8.9M	$12.6M	20x	as long as short
Extended AMAT-USD	+0.0040%	1h	470.42	+0.003%	$5K	$27K	10x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	470.38	−0.004%	—	—	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:AMATlong	+0.0050%	1h	470.40	long leg	$2.6M	$2.2M	10x
KuCoin AMATUSDTM	+0.0100%	8h	470.13	−0.057%	$413K	$509K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	470.40	0.000%	$908	$363K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	471.54	+0.242%	$171K	$39K	20x	as long as short
Phoenix AMAT	+0.0221%	1h	470.82	+0.089%	$19K	$110K	10x	as long as short
Gate AMAT_USDT	+0.0418%	8h	470.40	0.000%	$1.7M	$6.3M	50x	as long as short