Funding arb · Price arb /

AMAT

RWAall AMAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h +0.049%

Price spread now: Phoenix against HTX−0.203%7-day average −0.162% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$830.831% of the position

Long on HTX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.280%+$28 on $10k

Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.203%, 7d avg −0.162%

Together, before fees+0.398%+$40 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.041% cheaper against HTX than usual: you would sell low and buy high (spread −0.203% now, against its 7-day average of −0.162%). If the spread goes back, that is −$4 on $10k: about 45 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AMAT-USDT	462.18	0.0100	pay 0.0100% / 8h	39m 07s	$168K	$39K	20x
Short	Phoenix AMAT	461.24	0.0174	get 0.0022% / 1h	39m 07s	$18K	$114K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against HTX. 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 HTXbpFee PhoenixbpOrdersPrice spread, now −0.203%Rate

Funding earned: $15.48
Price spread: −0.203% → −0.162%: −$4.14
Slippage, 4 orders: −$64.13
Fee HTX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$71.78
Costs to cover: 0.831%
Break-even: 39.5 days

Slippage from HTX: live order book, 62 min ago; Phoenix: live order book, 56 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 HTX live order book, 62 min ago	18.70 bp	31.3 bp −$31	212.6 bp −$2,126	doesn't fit	doesn't fit
Sell Phoenix live order book, 56 min ago	3.92 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
Bitget AMATUSDT	−0.0428%	8h	460.80	−0.299%	$1.9M	$1.8M	20x	as long as short
Gate AMAT_USDT	−0.0043%	8h	460.60	−0.342%	$1.6M	$6.0M	50x	as long as short
BloFin AMAT-USDT	0.0000%	8h	460.53	−0.357%	$107K	$120K	20x	as long as short
Aster AMATUSDT	0.0000%	8h	460.76	−0.308%	$10K	$10K	20x	as long as short
Extended AMAT-USD	0.0000%	1h	460.42	−0.382%	$5K	$27K	10x	as long as short
Binance AMATUSDT	0.0000%	8h	460.49	−0.366%	$8.4M	$14.2M	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	460.77	−0.305%	$827K	$703K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	461.12	−0.229%	$1.3M	$1.6M	20x	as long as short
Variational Omni AMAT	0.0000%	8h	461.02	−0.251%	$62K	$45K	—	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	460.98	−0.260%	$539	$112K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:AMAT	+0.0009%	1h	460.32	−0.402%	$2.1M	$2.6M	10x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	460.51	−0.361%	—	—	10x	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	460.09	−0.452%	$398K	$537K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	460.69	−0.322%	$1K	$381K	10x	as long as short
HTX AMAT-USDTlong	+0.0100%	8h	462.18	long leg	$168K	$39K	20x
Phoenix AMATshort	+0.0174%	1h	461.24	−0.203%	$18K	$114K	10x