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 +0.005%

Price spread now: tradeXYZ against SunX−0.227%52s7-day average −0.049% · you buy dearer than you sell

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

Long on SunX Short on tradeXYZ

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.172%+$17 · spread now −0.227%, 7d avg −0.049%

Together, before fees+0.225%+ Points / potential airdroptradeXYZ: Active · farm board+$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.178% cheaper against SunX than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.049%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.053%, so the current rate has only just turned against you. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AMAT-USDT	470.75	0.0100	pay 0.0100% / 8h	6h 13m	$974	$373K	10x
Short	tradeXYZ xyz:AMAT	469.68	0.0050	get 0.0006% / 1h	13m 27s	$2.6M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against SunX. 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 SunXbpFee tradeXYZbpOrdersPrice spread, now −0.227%Rate

Funding earned: −$10.5
Price spread: −0.227% → −0.049%: −$17.81
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$54.31
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 27 min ago; tradeXYZ: live order book, 4 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 SunX live order book, 27 min ago	500.08 bp	doesn't fit	doesn't fit	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	−0.078%	$10K	$11K	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	469.60	−0.244%	$899K	$654K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	469.75	−0.212%	$1.4M	$1.6M	20x	as long as short
Bitget AMATUSDT	0.0000%	8h	470.03	−0.153%	$2.1M	$1.7M	20x	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	470.42	−0.070%	$701	$99K	10x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	469.94	−0.172%	—	—	10x	as long as short
tradeXYZ xyz:AMATshort	+0.0050%	1h	469.68	−0.227%	$2.6M	$2.3M	10x
KuCoin AMATUSDTM	+0.0100%	8h	469.76	−0.210%	$413K	$473K	20x	as long as short
SunX AMAT-USDTlong	+0.0100%	8h	470.75	long leg	$974	$373K	10x
HTX AMAT-USDT	+0.0100%	8h	471.92	+0.249%	$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	−0.108%	$66K	$44K	—	as long as short
Phoenix AMAT	+0.0220%	1h	470.47	−0.059%	$19K	$110K	10x	as long as short
Binance AMATUSDT	+0.0270%	8h	469.87	−0.188%	$8.9M	$12.6M	20x	as long as short
Extended AMAT-USD	+0.0272%	1h	470.22	−0.112%	$5K	$27K	10x	as long as short
Gate AMAT_USDT	+0.0348%	8h	469.50	−0.266%	$1.7M	$6.4M	50x	as long as short