Funding arb · Price arb /

AMAT

RWAall AMAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0292%/8h= +31.9% APRpaid last 24h +0.085%

Price spread now: Phoenix against Bitget+0.047%49s7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as 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−$510.513% of the position

Long on Bitget Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.417%+$42 on $10k

Price spread, last 3 days (all we have)+0.169%+$17 · spread now +0.047%, 7d avg +0.021%

Together, before fees+0.586%+$59 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Phoenix is 0.026% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.021%. The two prices were read 49 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	Bitget AMATUSDT	468.59	0	get 0.0000% / 8h	7h 52m	$2.1M	$1.7M	20x
Short	Phoenix AMAT	468.81	0.0292	get 0.0036% / 1h	52m 44s	$19K	$131K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Bitget. 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 BitgetbpFee PhoenixbpOrdersPrice spread, now +0.047%Rate

Funding earned: $61.22
Price spread: +0.047% → +0.021%: $2.64
Slippage, 4 orders: −$32.32
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $12.54
Costs to cover: 0.513%
Break-even: 5.6 days

Slippage from Bitget: live order book, 4 min ago; Phoenix: live order book, 12 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 Bitget live order book, 4 min ago	6.50 bp	13.3 bp −$13	24.2 bp −$242	doesn't fit	doesn't fit
Sell Phoenix live order book, 12 min ago	2.78 bp	9.5 bp −$10	19.2 bp −$192	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
Aster AMATUSDT	0.0000%	8h	468.45	−0.029%	$10K	$11K	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	468.17	−0.090%	$921K	$625K	25x	as long as short
Bitget AMATUSDTlong	0.0000%	8h	468.59	long leg	$2.1M	$1.7M	20x
OKX AMAT-USDT-SWAP	+0.0023%	8h	468.46	−0.028%	$1.4M	$1.6M	20x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	468.03	−0.120%	—	—	10x	as long as short
Gate AMAT_USDT	+0.0069%	8h	468.40	−0.041%	$1.9M	$6.3M	50x	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	467.79	−0.171%	$411K	$442K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	468.51	−0.017%	$1K	$381K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	469.77	+0.252%	$171K	$40K	20x	as long as short
Phoenix AMATshort	+0.0292%	1h	468.81	+0.047%	$19K	$131K	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AMAT	+0.0394%	8h	468.84	+0.053%	$87K	$24K	—	as long as short
Binance AMATUSDT	+0.0469%	8h	468.18	−0.087%	$8.9M	$12.7M	20x	as long as short
Extended AMAT-USD	+0.0472%	1h	468.09	−0.106%	$5K	$27K	10x	as long as short
BloFin AMAT-USDT	+0.0476%	8h	468.43	−0.034%	$109K	$82K	20x	as long as short
GRVT AMAT_USDT_Perp	+0.0927%	8h	468.40	−0.040%	$529	$98K	10x	as long as short
tradeXYZ xyz:AMAT	+0.0948%	1h	468.30	−0.062%	$2.6M	$2.3M	10x	as long as short