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

Net, funding: paid 7d − costs−$335as in the Funding arb table

Net, price: spread back to 7d avg − costs−$326as in the Price arb table

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

Long on KuCoin Short on tradeXYZ

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 for this trade now. Funding pays +$4 a day on $10k at the current rate, and tradeXYZ is 0.120% dearer against KuCoin than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AMATUSDTM	470.62	0.0100	pay 0.0100% / 8h	4h 58m	$413K	$494K	20x
Short	tradeXYZ xyz:AMAT	471.04	0.0225	get 0.0028% / 1h	58m 57s	$2.6M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against KuCoin. 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 KuCoinbpFee tradeXYZbpOrdersPrice spread, now +0.089%Rate

Funding earned: $26.16
Price spread: +0.089% → −0.031%: $12.02
Slippage, 4 orders: −$308.04
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$299.86
Costs to cover: 3.380%
Break-even: 87.2 days

Slippage from KuCoin: live order book, 24 min ago; tradeXYZ: live order book, 9 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 KuCoin live order book, 24 min ago	7.56 bp	162.7 bp −$163	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	2.23 bp	12.7 bp −$13	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	+0.021%	$10K	$11K	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	471.12	+0.106%	$900K	$656K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	470.98	+0.076%	$1.4M	$1.6M	20x	as long as short
Bitget AMATUSDT	0.0000%	8h	471.25	+0.134%	$2.1M	$1.7M	20x	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	471.10	+0.102%	$353	$100K	10x	as long as short
Variational Omni AMAT	+0.0036%	8h	471.07	+0.095%	$66K	$44K	—	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	470.76	+0.030%	—	—	10x	as long as short
BloFin AMAT-USDT	+0.0080%	8h	471.11	+0.104%	$110K	$94K	20x	as long as short
Extended AMAT-USD	+0.0096%	1h	471.07	+0.095%	$5K	$27K	10x	as long as short
Binance AMATUSDT	+0.0098%	8h	471.15	+0.113%	$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 AMATUSDTMlong	+0.0100%	8h	470.62	long leg	$413K	$494K	20x
SunX AMAT-USDT	+0.0100%	8h	471.07	+0.096%	$806	$364K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	471.91	+0.274%	$172K	$40K	20x	as long as short
Phoenix AMAT	+0.0204%	1h	471.07	+0.096%	$19K	$109K	10x	as long as short
tradeXYZ xyz:AMATshort	+0.0225%	1h	471.04	+0.089%	$2.6M	$2.3M	10x
Gate AMAT_USDT	+0.0370%	8h	471.00	+0.081%	$1.7M	$6.3M	50x	as long as short