Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0071%/8h= +7.8% APRpaid last 24h +0.046%

Price spread now: Phoenix against Variational Omni+0.013%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Phoenix

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: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AMAT	469.91	0.0133	pay 0.0133% / 8h	5h 37m	$65K	$44K	—
Short	Phoenix AMAT	469.97	0.0204	get 0.0026% / 1h	37m 10s	$19K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Variational Omni. 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 Variational OmnibpFee PhoenixbpOrdersPrice spread, now +0.013%Rate

Funding earned: $14.99
Price spread: +0.013% → 0.000%: $1.31
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $9.3
Costs to cover: 0.070%
Break-even: 2.7 days

Slippage unknown: Variational Omni: no order-book sample; Phoenix: live order book, 18 min ago. 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 18 min ago	3.83 bp	12.2 bp −$12	25.9 bp −$259	doesn't fit	doesn't fit

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	470.27	+0.076%	$10K	$11K	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	470.28	+0.079%	$900K	$655K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	470.60	+0.147%	$1.4M	$1.6M	20x	as long as short
Bitget AMATUSDT	0.0000%	8h	470.22	+0.066%	$2.1M	$1.7M	20x	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	470.29	+0.081%	$226	$100K	10x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	470.14	+0.049%	—	—	10x	as long as short
tradeXYZ xyz:AMAT	+0.0050%	1h	470.15	+0.051%	$2.6M	$2.3M	10x	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	469.93	+0.005%	$413K	$475K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	470.67	+0.162%	$791	$366K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	471.56	+0.351%	$171K	$40K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AMATlong	+0.0133%	8h	469.91	long leg	$65K	$44K	—
BloFin AMAT-USDT	+0.0191%	8h	470.34	+0.092%	$110K	$91K	20x	as long as short
Extended AMAT-USD	+0.0192%	1h	470.37	+0.098%	$5K	$27K	10x	as long as short
Binance AMATUSDT	+0.0195%	8h	470.43	+0.110%	$8.9M	$12.6M	20x	as long as short
Phoenix AMATshort	+0.0204%	1h	469.97	+0.013%	$19K	$110K	10x
Gate AMAT_USDT	+0.0253%	8h	470.30	+0.083%	$1.7M	$6.4M	50x	as long as short