Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0218%/8h= −23.8% APRpaid last 24h −0.044%

Price spread now: Variational Omni against Phoenix−0.014%7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · 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	Phoenix AMAT	470.42	0.0221	pay 0.0028% / 1h	43m 30s	$19K	$110K	10x
Short	Variational Omni AMAT	470.35	0.0003	get 0.0003% / 8h	4h 43m	$66K	$44K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.014%Rate

Funding earned: −$45.72
Price spread: −0.014% → 0.000%: −$1.42
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$54.15
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 7 min ago; Variational Omni: no order-book sample. 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 Phoenix live order book, 7 min ago	3.82 bp	12.2 bp −$12	25.9 bp −$259	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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
Aster AMATUSDT	0.0000%	8h	470.57	+0.032%	$10K	$11K	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	470.66	+0.051%	$899K	$656K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	471.23	+0.172%	$1.4M	$1.6M	20x	as long as short
Bitget AMATUSDT	0.0000%	8h	470.86	+0.094%	$2.1M	$1.7M	20x	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	470.50	+0.017%	$136	$100K	10x	as long as short
Variational Omni AMATshort	+0.0003%	8h	470.35	−0.014%	$66K	$44K	—
Vest AMAT-USD-PERP	+0.0046%	1h	470.42	0.000%	—	—	10x	as long as short
tradeXYZ xyz:AMAT	+0.0050%	1h	470.53	+0.023%	$2.6M	$2.3M	10x	as long as short
Binance AMATUSDT	+0.0063%	8h	470.92	+0.106%	$8.9M	$12.6M	20x	as long as short
Extended AMAT-USD	+0.0064%	1h	470.79	+0.080%	$5K	$27K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin AMAT-USDT	+0.0090%	8h	470.46	+0.009%	$110K	$94K	20x	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	470.32	−0.021%	$413K	$502K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	470.38	−0.009%	$1K	$364K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	471.09	+0.142%	$171K	$39K	20x	as long as short
Phoenix AMATlong	+0.0221%	1h	470.42	long leg	$19K	$110K	10x
Gate AMAT_USDT	+0.0407%	8h	470.50	+0.017%	$1.7M	$6.3M	50x	as long as short