Funding arb · Price arb /

AMAT

RWAall AMAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0177%/8h= +19.4% APRpaid last 24h +0.049%

Price spread now: Phoenix against HTX−0.111%7-day average −0.164% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$910.911% of the position

Long on HTX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.280%+$28 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.111%, 7d avg −0.164%

Together, before fees+0.291%+$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.053% dearer against HTX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.164%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AMAT-USDT	459.96	0.0100	pay 0.0100% / 8h	1h 41m	$167K	$39K	20x
Short	Phoenix AMAT	459.45	0.0277	get 0.0035% / 1h	41m 22s	$18K	$114K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against HTX. 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 HTXbpFee PhoenixbpOrdersPrice spread, now −0.111%Rate

Funding earned: $37.19
Price spread: −0.111% → −0.164%: $5.29
Slippage, 4 orders: −$72.06
Fee HTX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$48.58
Costs to cover: 0.911%
Break-even: 16.1 days

Slippage from HTX: live order book, 65 min ago; Phoenix: live order book, 59 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 HTX live order book, 65 min ago	18.55 bp	34.7 bp −$35	185.7 bp −$1,857	doesn't fit	doesn't fit
Sell Phoenix live order book, 59 min ago	3.91 bp	12.2 bp −$12	26.0 bp −$260	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	−0.0434%	8h	459.82	−0.030%	$1.9M	$1.8M	20x	as long as short
Aster AMATUSDT	0.0000%	8h	459.85	−0.024%	$10K	$11K	20x	as long as short
Extended AMAT-USD	0.0000%	1h	459.13	−0.181%	$5K	$27K	10x	as long as short
Binance AMATUSDT	0.0000%	8h	459.25	−0.155%	$8.4M	$13.9M	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	459.40	−0.122%	$840K	$697K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	459.33	−0.137%	$1.3M	$1.6M	20x	as long as short
Gate AMAT_USDT	0.0000%	8h	459.20	−0.165%	$1.5M	$6.1M	50x	as long as short
Variational Omni AMAT	0.0000%	8h	459.60	−0.078%	$64K	$44K	—	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	459.76	−0.043%	$359	$112K	10x	as long as short
BloFin AMAT-USDT	+0.0008%	8h	459.17	−0.172%	$108K	$113K	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	459.19	−0.167%	—	—	10x	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	459.29	−0.146%	$397K	$555K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	459.33	−0.137%	$914	$384K	10x	as long as short
HTX AMAT-USDTlong	+0.0100%	8h	459.96	long leg	$167K	$39K	20x
tradeXYZ xyz:AMAT	+0.0182%	1h	459.18	−0.170%	$2.5M	$2.3M	10x	as long as short
Phoenix AMATshort	+0.0277%	1h	459.45	−0.111%	$18K	$114K	10x