Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.085%

Price spread now: Aster against Phoenix−0.001%75s7-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 Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · 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. The two prices were read 75 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	Phoenix AMAT	470.57	0.0220	pay 0.0028% / 1h	16m 15s	$19K	$110K	10x
Short	Aster AMATUSDT	470.57	0	get 0.0000% / 8h	6h 16m	$10K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$46.29
Price spread: −0.001% → 0.000%: −$0.06
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$61.36
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 44 min ago; Aster: 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, 44 min ago	3.81 bp	12.2 bp −$12	25.8 bp −$258	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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 15 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 AMATUSDTshort	0.0000%	8h	470.57	−0.001%	$10K	$11K	20x
Bybit AMATUSDT	0.0000%	8h	470.31	−0.055%	$900K	$654K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	470.60	+0.006%	$1.4M	$1.6M	20x	as long as short
Bitget AMATUSDT	0.0000%	8h	470.52	−0.011%	$2.1M	$1.7M	20x	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	470.09	−0.102%	$226	$98K	10x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	470.28	−0.062%	—	—	10x	as long as short
tradeXYZ xyz:AMAT	+0.0050%	1h	470.28	−0.062%	$2.6M	$2.3M	10x	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	469.75	−0.174%	$412K	$472K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	470.79	+0.047%	$975	$373K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	471.92	+0.287%	$172K	$39K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix AMATlong	+0.0220%	1h	470.57	long leg	$19K	$110K	10x
Variational Omni AMAT	+0.0232%	8h	470.23	−0.072%	$66K	$44K	—	as long as short
Binance AMATUSDT	+0.0279%	8h	470.21	−0.077%	$8.9M	$12.6M	20x	as long as short
Extended AMAT-USD	+0.0280%	1h	470.25	−0.069%	$5K	$27K	10x	as long as short
Gate AMAT_USDT	+0.0354%	8h	470.20	−0.079%	$1.7M	$6.4M	50x	as long as short