Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0225%/8h= +24.7% APRpaid last 24h +0.079%

Price spread now: Phoenix against Aster+0.015%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · 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	Aster AMATUSDT	460.98	0	get 0.0000% / 8h	2h 17m	$10K	$11K	20x
Short	Phoenix AMAT	461.05	0.0225	get 0.0028% / 1h	17m 02s	$18K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Aster. 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 AsterbpFee PhoenixbpOrdersPrice spread, now +0.015%Rate

Funding earned: $47.32
Price spread: +0.015% → 0.000%: $1.47
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $33.79
Costs to cover: 0.150%
Break-even: 2.0 days

Slippage unknown: Aster: no order-book sample; Phoenix: live order book, 23 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 Aster no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 23 min ago	3.91 bp	12.2 bp −$12	26.0 bp −$260	doesn't fit	doesn't fit

Aster: 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	−0.0455%	8h	461.25	+0.058%	$1.9M	$1.8M	20x	as long as short
Aster AMATUSDTlong	0.0000%	8h	460.98	long leg	$10K	$11K	20x
Extended AMAT-USD	0.0000%	1h	460.84	−0.031%	$5K	$27K	10x	as long as short
Binance AMATUSDT	0.0000%	8h	460.96	−0.005%	$8.4M	$13.7M	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	460.94	−0.009%	$847K	$700K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	461.40	+0.091%	$1.4M	$1.6M	20x	as long as short
Gate AMAT_USDT	0.0000%	8h	460.90	−0.018%	$1.5M	$6.6M	50x	as long as short
Variational Omni AMAT	0.0000%	8h	459.94	−0.225%	$64K	$44K	—	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	461.04	+0.013%	$521	$110K	10x	as long as short
BloFin AMAT-USDT	+0.0028%	8h	460.67	−0.068%	$108K	$110K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMAT-USD-PERP	+0.0046%	1h	460.67	−0.068%	—	—	10x	as long as short
tradeXYZ xyz:AMAT	+0.0050%	1h	460.66	−0.070%	$2.6M	$2.3M	10x	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	460.05	−0.202%	$399K	$550K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	461.04	+0.013%	$1K	$378K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	462.42	+0.312%	$168K	$39K	20x	as long as short
Phoenix AMATshort	+0.0225%	1h	461.05	+0.015%	$18K	$110K	10x