Funding arb · Price arb /

AMAT

RWAall AMAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0122%/8h= −13.4% APRpaid last 24h −0.050%

Price spread now: KuCoin against Phoenix−0.133%78s7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$417as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3903.903% of the position

Long on Phoenix Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.264%−$26 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now −0.133%, 7d avg −0.063%

Together, before fees−0.326%−$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.069% cheaper against Phoenix than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.063%). Swap the legs. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix AMAT	467.69	0.0222	pay 0.0028% / 1h	46m 02s	$19K	$110K	10x
Short	KuCoin AMATUSDTM	467.07	0.0100	get 0.0100% / 8h	3h 46m	$410K	$534K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Phoenix. 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 PhoenixbpFee KuCoinbpOrdersPrice spread, now −0.133%Rate

Funding earned: −$25.6
Price spread: −0.133% → −0.063%: −$6.91
Slippage, 4 orders: −$371.28
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$422.8
Costs to cover: 3.903%
Break-even: never at this rate

Slippage from Phoenix: live order book, 64 min ago; KuCoin: live order book, 27 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 Phoenix live order book, 64 min ago	3.82 bp	12.2 bp −$12	25.9 bp −$259	doesn't fit	doesn't fit
Sell KuCoin live order book, 27 min ago	6.61 bp	158.1 bp −$158	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
BloFin AMAT-USDT	−0.0003%	8h	467.13	−0.120%	$109K	$99K	20x	as long as short
Aster AMATUSDT	0.0000%	8h	467.98	+0.062%	$10K	$11K	20x	as long as short
Extended AMAT-USD	0.0000%	1h	467.49	−0.043%	$5K	$27K	10x	as long as short
Binance AMATUSDT	0.0000%	8h	467.37	−0.069%	$8.8M	$12.9M	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	467.39	−0.064%	$893K	$657K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	467.60	−0.019%	$1.4M	$1.6M	20x	as long as short
Bitget AMATUSDT	0.0000%	8h	467.65	−0.009%	$2.0M	$1.7M	20x	as long as short
Variational Omni AMAT	0.0000%	8h	467.52	−0.037%	$65K	$44K	—	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	467.03	−0.141%	$504	$101K	10x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	467.24	−0.096%	—	—	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	+0.0050%	1h	467.26	−0.092%	$2.6M	$2.2M	10x	as long as short
KuCoin AMATUSDTMshort	+0.0100%	8h	467.07	−0.133%	$410K	$534K	20x
SunX AMAT-USDT	+0.0100%	8h	465.81	−0.402%	$1K	$368K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	468.81	+0.239%	$170K	$39K	20x	as long as short
Phoenix AMATlong	+0.0222%	1h	467.69	long leg	$19K	$110K	10x
Gate AMAT_USDT	+0.0259%	8h	467.30	−0.083%	$1.6M	$6.4M	50x	as long as short