Funding arb · Price arb /

AMAT

RWAall AMAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.028%

Price spread now: Binance against tradeXYZ−0.004%7-day average +0.119% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$470.465% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 7 days+0.063%+$6 · spread now −0.004%, 7d avg +0.119%

Together, before fees+0.172%+ Points / potential airdroptradeXYZ: Active · farm board+$17 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 Binance is 0.123% cheaper against tradeXYZ than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.119%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.109%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:AMAT	465.87	0.0050	pay 0.0006% / 1h	36m 54s	$2.6M	$2.2M	10x
Short	Binance AMATUSDT	465.85	0	get 0.0000% / 8h	3h 36m	$8.7M	$13.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.004%Rate

Funding earned: −$10.5
Price spread: −0.004% → +0.119%: −$12.32
Slippage, 4 orders: −$18.54
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$69.36
Costs to cover: 0.465%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 1 min ago; Binance: live order book, 3 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 tradeXYZ live order book, 1 min ago	1.50 bp	14.3 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.11 bp	9.8 bp −$10	54.1 bp −$541	186.5 bp −$18.7K	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
BloFin AMAT-USDT	−0.0022%	8h	465.88	+0.002%	$109K	$101K	20x	as long as short
Aster AMATUSDT	0.0000%	8h	466.20	+0.071%	$10K	$11K	20x	as long as short
Extended AMAT-USD	0.0000%	1h	465.71	−0.035%	$5K	$27K	10x	as long as short
Binance AMATUSDTshort	0.0000%	8h	465.85	−0.004%	$8.7M	$13.0M	20x
Bybit AMATUSDT	0.0000%	8h	465.57	−0.064%	$881K	$664K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	465.87	0.000%	$1.4M	$1.6M	20x	as long as short
Bitget AMATUSDT	0.0000%	8h	466.02	+0.032%	$2.0M	$1.7M	20x	as long as short
Variational Omni AMAT	0.0000%	8h	466.19	+0.069%	$65K	$44K	—	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	465.75	−0.025%	$480	$101K	10x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	465.38	−0.105%	—	—	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	465.87	long leg	$2.6M	$2.2M	10x
KuCoin AMATUSDTM	+0.0100%	8h	465.81	−0.013%	$406K	$536K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	463.85	−0.434%	$942	$367K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	466.16	+0.062%	$170K	$39K	20x	as long as short
Gate AMAT_USDT	+0.0204%	8h	465.70	−0.036%	$1.6M	$6.4M	50x	as long as short
Phoenix AMAT	+0.0222%	1h	465.66	−0.045%	$19K	$110K	10x	as long as short