Funding you earn now, next payment 03:00 UTC+0.0221%/8h= +24.2% APRpaid last 24h −0.029%
Price spread now: Phoenix against GRVT−0.017%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$570.570% of the position
Funding, last 7 days−0.121%−$12 on $10k
+Price spread, last 4 days (all we have)+0.153%+$15 · spread now −0.017%, 7d avg +0.010%
=Together, before fees+0.033%+ Points / potential airdropGRVT: Active · farm board+$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.027% cheaper against GRVT than usual: you would sell low and buy high (spread −0.017% now, against its 7-day average of +0.010%). If the spread goes back, that is −$3 on $10k: about 10 hours of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.121%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.121% in total (about -6.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT AMAT_USDT_Perp | 470.50 | 0 | get 0.0000% / 8h | 4h 40m | $136 | $100K | 10x |
| Short | Phoenix AMAT | 470.42 | 0.0221 | get 0.0028% / 1h | 40m 54s | $19K | $110K | 10x |
GRVT AMAT_USDT_Perp
Phoenix AMATFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against GRVT. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $46.33
- Price spread: −0.017% → +0.010%
- −$2.68
- Slippage, 4 orders
- −$40.96
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$13.32
- Costs to cover
- 0.570%
- Break-even
- 9.0 days
Slippage from GRVT: live order book, 7 min ago; Phoenix: live order book, 9 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 GRVT live order book, 7 min ago | 2.13 bp | 18.2 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 9 min ago | 3.82 bp | 12.2 bp −$12 | 25.9 bp −$259 | 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 | 470.72 | +0.047% | $10K | $11K | 20x | as long as short |
| Bybit AMATUSDT | 0.0000% | 8h | 470.81 | +0.066% | $899K | $656K | 25x | as long as short |
| OKX AMAT-USDT-SWAP | 0.0000% | 8h | 471.23 | +0.155% | $1.4M | $1.6M | 20x | as long as short |
| Bitget AMATUSDT | 0.0000% | 8h | 470.80 | +0.064% | $2.1M | $1.7M | 20x | as long as short |
| Variational Omni AMAT | 0.0000% | 8h | 470.63 | +0.027% | $66K | $44K | — | as long as short |
| GRVT AMAT_USDT_Perplong | 0.0000% | 8h | 470.50 | long leg | $136 | $100K | 10x | |
| BloFin AMAT-USDT | +0.0029% | 8h | 470.81 | +0.066% | $110K | $94K | 20x | as long as short |
| Vest AMAT-USD-PERP | +0.0046% | 1h | 470.53 | +0.006% | — | — | 10x | as long as short |
| tradeXYZ xyz:AMAT | +0.0050% | 1h | 470.64 | +0.030% | $2.6M | $2.3M | 10x | as long as short |
| Extended AMAT-USD | +0.0056% | 1h | 470.67 | +0.036% | $5K | $27K | 10x | as long as short |
Aster AMATUSDT
Bybit AMATUSDT
OKX AMAT-USDT-SWAP
Bitget AMATUSDT
Variational Omni AMAT
BloFin AMAT-USDT
Vest AMAT-USD-PERP
tradeXYZ xyz:AMAT
Extended AMAT-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance AMATUSDT | +0.0058% | 8h | 470.86 | +0.077% | $8.9M | $12.6M | 20x | as long as short |
| KuCoin AMATUSDTM | +0.0100% | 8h | 470.39 | −0.023% | $413K | $503K | 20x | as long as short |
| SunX AMAT-USDT | +0.0100% | 8h | 470.61 | +0.023% | $1K | $363K | 10x | as long as short |
| HTX AMAT-USDT | +0.0100% | 8h | 472.16 | +0.353% | $172K | $39K | 20x | as long as short |
| Phoenix AMATshort | +0.0221% | 1h | 470.42 | −0.017% | $19K | $110K | 10x | |
| Gate AMAT_USDT | +0.0413% | 8h | 470.80 | +0.064% | $1.7M | $6.3M | 50x | as long as short |
Binance AMATUSDT
KuCoin AMATUSDTM
SunX AMAT-USDT
HTX AMAT-USDT
Gate AMAT_USDT