Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h −0.026%

Price spread now: tradeXYZ against BloFin−0.043%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$510.513% of the position

Long on BloFin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now −0.043%, 7d avg −0.081%

Together, before fees−0.127%+ Points / potential airdroptradeXYZ: Active · farm board−$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: tradeXYZ is 0.037% dearer against BloFin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AMAT-USDT	459.96	0.0003	pay 0.0003% / 8h	30m 41s	$107K	$119K	20x
Short	tradeXYZ xyz:AMAT	459.76	−0.0006	pay 0.0001% / 1h	30m 41s	$2.1M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against BloFin. 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 BloFinbpFee tradeXYZbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$1.83
Price spread: −0.043% → −0.081%: $3.7
Slippage, 4 orders: −$21.29
Fee BloFin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$49.42
Costs to cover: 0.513%
Break-even: never at this rate

Slippage from BloFin: live order book, 36 min ago; tradeXYZ: live order book, 7 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 BloFin live order book, 36 min ago	0.33 bp	13.8 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	1.74 bp	11.8 bp −$12	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
Bitget AMATUSDT	−0.0410%	8h	460.08	+0.026%	$1.9M	$1.8M	20x	as long as short
Gate AMAT_USDT	−0.0080%	8h	459.90	−0.013%	$1.6M	$6.0M	50x	as long as short
tradeXYZ xyz:AMATshort	−0.0006%	1h	459.76	−0.043%	$2.1M	$2.6M	10x
Aster AMATUSDT	0.0000%	8h	459.88	−0.017%	$10K	$10K	20x	as long as short
Extended AMAT-USD	0.0000%	1h	459.89	−0.016%	$1K	$32K	10x	as long as short
Binance AMATUSDT	0.0000%	8h	459.79	−0.037%	$8.4M	$14.1M	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	460.09	+0.028%	$825K	$702K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	460.40	+0.096%	$1.3M	$1.6M	20x	as long as short
Variational Omni AMAT	0.0000%	8h	459.93	−0.005%	$60K	$47K	—	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	460.23	+0.059%	$538	$112K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin AMAT-USDTlong	+0.0003%	8h	459.96	long leg	$107K	$119K	20x
Vest AMAT-USD-PERP	+0.0046%	1h	460.15	+0.041%	—	—	10x	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	459.78	−0.039%	$398K	$541K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	460.50	+0.117%	$1K	$379K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	461.37	+0.307%	$168K	$39K	20x	as long as short
Phoenix AMAT	+0.0174%	1h	460.34	+0.083%	$18K	$114K	10x	as long as short