Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0075%/8h= −8.2% APRpaid last 24h −0.036%

Price spread now: Bybit against tradeXYZ+0.028%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$740.735% of the position

Long on tradeXYZ Short on Bybit

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−0.037%−$4 · spread now +0.028%, 7d avg +0.051%

Together, before fees−0.300%+ Points / potential airdroptradeXYZ: Active · farm board−$30 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 Bybit is 0.023% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.051%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:AMAT	471.47	0.0075	pay 0.0009% / 1h	59m 59s	$2.7M	$2.3M	10x
Short	Bybit AMATUSDT	471.60	0	get 0.0000% / 8h	6h 59m	$908K	$646K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$15.78
Price spread: +0.028% → +0.051%: −$2.31
Slippage, 4 orders: −$44.54
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$91.63
Costs to cover: 0.735%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 8 min ago; Bybit: live order book, 5 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, 8 min ago	2.12 bp	14.2 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	2.86 bp	33.4 bp −$33	107.3 bp −$1,073	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	471.26	−0.045%	$10K	$11K	20x	as long as short
Bybit AMATUSDTshort	0.0000%	8h	471.60	+0.028%	$908K	$646K	25x
OKX AMAT-USDT-SWAP	0.0000%	8h	471.87	+0.085%	$1.4M	$1.6M	20x	as long as short
Bitget AMATUSDT	+0.0042%	8h	471.77	+0.064%	$2.1M	$1.7M	20x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	471.40	−0.015%	—	—	10x	as long as short
tradeXYZ xyz:AMATlong	+0.0075%	1h	471.47	long leg	$2.7M	$2.3M	10x
KuCoin AMATUSDTM	+0.0100%	8h	471.01	−0.098%	$413K	$462K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	471.72	+0.053%	$807	$373K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	472.24	+0.163%	$172K	$39K	20x	as long as short
GRVT AMAT_USDT_Perp	+0.0252%	8h	471.70	+0.049%	$486	$97K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix AMAT	+0.0292%	1h	471.73	+0.055%	$19K	$131K	10x	as long as short
Variational Omni AMAT	+0.0337%	8h	471.54	+0.015%	$87K	$24K	—	as long as short
BloFin AMAT-USDT	+0.0397%	8h	471.69	+0.047%	$110K	$85K	20x	as long as short
Extended AMAT-USD	+0.0408%	1h	471.71	+0.051%	$5K	$27K	10x	as long as short
Binance AMATUSDT	+0.0408%	8h	471.83	+0.075%	$9.0M	$12.6M	20x	as long as short
Gate AMAT_USDT	+0.0488%	8h	471.40	−0.015%	$1.8M	$6.5M	50x	as long as short