Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0247%/8h= +27.1% APRpaid last 24h +0.009%

Price spread now: Variational Omni against tradeXYZ−0.016%7-day average — · you buy dearer than you sell

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

Long on tradeXYZ Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:AMAT	459.01	−0.0247	get 0.0031% / 1h	59m 16s	$2.1M	$2.6M	10x
Short	Variational Omni AMAT	458.94	0	get 0.0000% / 8h	7h 59m	$60K	$45K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.016%Rate

Funding earned: $51.89
Price spread: −0.016% → 0.000%: −$1.57
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $32.32
Costs to cover: 0.180%
Break-even: 2.6 days

Slippage unknown: tradeXYZ: live order book, 9 min ago; Variational Omni: no order-book sample. 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 tradeXYZ live order book, 9 min ago	1.75 bp	12.6 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bitget AMATUSDT	−0.0432%	8h	459.23	+0.048%	$1.9M	$1.8M	20x	as long as short
tradeXYZ xyz:AMATlong	−0.0247%	1h	459.01	long leg	$2.1M	$2.6M	10x
Gate AMAT_USDT	−0.0164%	8h	459.20	+0.041%	$1.5M	$5.2M	50x	as long as short
Aster AMATUSDT	0.0000%	8h	459.19	+0.039%	$10K	$10K	20x	as long as short
Extended AMAT-USD	0.0000%	1h	458.93	−0.018%	$1K	$27K	10x	as long as short
Binance AMATUSDT	0.0000%	8h	459.01	0.000%	$8.4M	$14.2M	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	459.06	+0.011%	$820K	$701K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	459.54	+0.115%	$1.3M	$1.6M	20x	as long as short
Variational Omni AMATshort	0.0000%	8h	458.94	−0.016%	$60K	$45K	—
GRVT AMAT_USDT_Perp	0.0000%	8h	459.16	+0.033%	$197	$112K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin AMAT-USDT	0.0000%	8h	459.22	+0.046%	$107K	$121K	20x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	459.20	+0.041%	—	—	10x	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	458.61	−0.087%	$397K	$572K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	459.36	+0.076%	$955	$379K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	460.20	+0.259%	$167K	$39K	20x	as long as short
Phoenix AMAT	+0.0174%	1h	459.49	+0.105%	$18K	$113K	10x	as long as short