Funding arb · Price arb /

AMAT

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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: tradeXYZ against Bybit+0.017%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

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

Long on Bybit Short on tradeXYZ

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+0.016%+$2 · spread now +0.017%, 7d avg −0.051%

Together, before fees+0.279%+ Points / potential airdroptradeXYZ: Active · farm board+$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.068% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AMATUSDT	469.60	0	get 0.0000% / 8h	6h 13m	$899K	$654K	25x
Short	tradeXYZ xyz:AMAT	469.68	0.0050	get 0.0006% / 1h	13m 24s	$2.6M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Bybit. 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 BybitbpFee tradeXYZbpOrdersPrice spread, now +0.017%Rate

Funding earned: $10.5
Price spread: +0.017% → −0.051%: $6.79
Slippage, 4 orders: −$44.31
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$56.03
Costs to cover: 0.733%
Break-even: 44.4 days

Slippage from Bybit: live order book, 52 min ago; tradeXYZ: live order book, 4 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 Bybit live order book, 52 min ago	2.86 bp	13.0 bp −$13	102.0 bp −$1,020	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	2.44 bp	12.7 bp −$13	doesn't fit	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	470.38	+0.167%	$10K	$11K	20x	as long as short
Bybit AMATUSDTlong	0.0000%	8h	469.60	long leg	$899K	$654K	25x
OKX AMAT-USDT-SWAP	0.0000%	8h	469.75	+0.032%	$1.4M	$1.6M	20x	as long as short
Bitget AMATUSDT	0.0000%	8h	470.03	+0.092%	$2.1M	$1.7M	20x	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	470.42	+0.174%	$701	$99K	10x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	469.94	+0.072%	—	—	10x	as long as short
tradeXYZ xyz:AMATshort	+0.0050%	1h	469.68	+0.017%	$2.6M	$2.3M	10x
KuCoin AMATUSDTM	+0.0100%	8h	469.76	+0.034%	$413K	$473K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	470.75	+0.245%	$974	$373K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	471.92	+0.494%	$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	+0.137%	$66K	$44K	—	as long as short
Phoenix AMAT	+0.0220%	1h	470.47	+0.185%	$19K	$110K	10x	as long as short
Binance AMATUSDT	+0.0270%	8h	469.87	+0.057%	$8.9M	$12.6M	20x	as long as short
Extended AMAT-USD	+0.0272%	1h	470.22	+0.132%	$5K	$27K	10x	as long as short
Gate AMAT_USDT	+0.0348%	8h	469.50	−0.021%	$1.7M	$6.4M	50x	as long as short