Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.030%

Price spread now: OKX against tradeXYZ−0.008%7-day average +0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$490.491% of the position

Long on tradeXYZ Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 7 days+0.100%+$10 · spread now −0.008%, 7d avg +0.118%

Together, before fees+0.201%+ Points / potential airdroptradeXYZ: Active · farm board+$20 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 OKX is 0.126% cheaper against tradeXYZ than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.118%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.101%, 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	471.02	0.0050	pay 0.0006% / 1h	0m 21s	$2.6M	$2.3M	10x
Short	OKX AMAT-USDT-SWAP	470.98	0	get 0.0000% / 8h	5h 00m	$1.4M	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$10.5
Price spread: −0.008% → +0.118%: −$12.62
Slippage, 4 orders: −$21.13
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: −$72.25
Costs to cover: 0.491%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 8 min ago; OKX: live order book, 1 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	2.23 bp	12.6 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	3.18 bp	12.8 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	470.80	−0.046%	$10K	$11K	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	471.15	+0.028%	$900K	$656K	25x	as long as short
OKX AMAT-USDT-SWAPshort	0.0000%	8h	470.98	−0.008%	$1.4M	$1.6M	20x
Bitget AMATUSDT	0.0000%	8h	471.17	+0.032%	$2.1M	$1.7M	20x	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	470.84	−0.039%	$363	$100K	10x	as long as short
Variational Omni AMAT	+0.0036%	8h	471.07	+0.010%	$66K	$44K	—	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	470.65	−0.079%	—	—	10x	as long as short
tradeXYZ xyz:AMATlong	+0.0050%	1h	471.02	long leg	$2.6M	$2.3M	10x
BloFin AMAT-USDT	+0.0087%	8h	471.19	+0.036%	$110K	$93K	20x	as long as short
Extended AMAT-USD	+0.0096%	1h	471.11	+0.020%	$5K	$27K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AMATUSDT	+0.0098%	8h	471.22	+0.042%	$8.9M	$12.6M	20x	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	470.67	−0.074%	$413K	$492K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	471.03	+0.002%	$805	$364K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	471.91	+0.189%	$172K	$40K	20x	as long as short
Phoenix AMAT	+0.0204%	1h	471.07	+0.011%	$19K	$110K	10x	as long as short
Gate AMAT_USDT	+0.0365%	8h	471.00	−0.004%	$1.7M	$6.4M	50x	as long as short