Funding you earn now, next payment 05:00 UTC−0.0175%/8h= −19.2% APRnext payment −$0.22 per $10,000 · paid last 24h −0.050%
Price spread now: tradeXYZ against Phoenix−0.112%7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$490.493% of the position
Funding, last 7 days−0.229%−$23 on $10k
+Price spread, last 4 days (all we have)−0.088%−$9 · spread now −0.112%, 7d avg −0.093%
=Together, before fees−0.317%+ Points / potential airdroptradeXYZ: Active · farm board−$32 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.093%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix AMAT | 462.96 | 0.0225 | pay 0.0028% / 1h | 44m 51s | $19K | $110K | 10x |
| Short | tradeXYZ xyz:AMAT | 462.44 | 0.0050 | get 0.0006% / 1h | 44m 51s | $2.6M | $2.2M | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Phoenix. 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
- −$36.82
- Price spread: −0.112% → −0.093%
- −$1.91
- Slippage, 4 orders
- −$24.31
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$88.04
- Costs to cover
- 0.493%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 60 min ago; tradeXYZ: live order book, 3 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, 60 min ago | 3.64 bp | 11.8 bp −$12 | 24.8 bp −$248 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 2.49 bp | 12.8 bp −$13 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget AMATUSDT | −0.0193% | 8h | 462.93 | −0.006% | $2.0M | $1.8M | 20x | as long as short |
| Aster AMATUSDT | 0.0000% | 8h | 462.80 | −0.034% | $10K | $11K | 20x | as long as short |
| Extended AMAT-USD | 0.0000% | 1h | 462.38 | −0.124% | $5K | $27K | 10x | as long as short |
| Binance AMATUSDT | 0.0000% | 8h | 462.73 | −0.050% | $8.5M | $13.4M | 20x | as long as short |
| Bybit AMATUSDT | 0.0000% | 8h | 462.65 | −0.067% | $862K | $681K | 25x | as long as short |
| OKX AMAT-USDT-SWAP | 0.0000% | 8h | 463.02 | +0.013% | $1.4M | $1.6M | 20x | as long as short |
| Gate AMAT_USDT | 0.0000% | 8h | 462.90 | −0.013% | $1.5M | $6.5M | 50x | as long as short |
| Variational Omni AMAT | 0.0000% | 8h | 462.59 | −0.079% | $64K | $44K | — | as long as short |
| GRVT AMAT_USDT_Perp | 0.0000% | 8h | 462.86 | −0.021% | $250 | $107K | 10x | as long as short |
| BloFin AMAT-USDT | +0.0017% | 8h | 462.52 | −0.095% | $108K | $108K | 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 | 462.86 | −0.022% | — | — | 10x | as long as short |
| tradeXYZ xyz:AMATshort | +0.0050% | 1h | 462.44 | −0.112% | $2.6M | $2.2M | 10x | |
| KuCoin AMATUSDTM | +0.0100% | 8h | 462.27 | −0.149% | $402K | $549K | 20x | as long as short |
| SunX AMAT-USDT | +0.0100% | 8h | 463.86 | +0.194% | $1K | $376K | 10x | as long as short |
| HTX AMAT-USDT | +0.0100% | 8h | 463.70 | +0.160% | $169K | $39K | 20x | as long as short |
| Phoenix AMATlong | +0.0225% | 1h | 462.96 | long leg | $19K | $110K | 10x |
Phoenix AMAT
tradeXYZ xyz:AMAT
Bitget AMATUSDT
Aster AMATUSDT
Extended AMAT-USD
Binance AMATUSDT
Bybit AMATUSDT
OKX AMAT-USDT-SWAP
Gate AMAT_USDT
Variational Omni AMAT
GRVT AMAT_USDT_Perp
BloFin AMAT-USDT
KuCoin AMATUSDTM
SunX AMAT-USDT
HTX AMAT-USDT