Funding arb · Price arb /

AMAT

RWAall AMAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h −0.021%

Price spread now: BloFin against Phoenix−0.015%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$480.478% of the position

Long on Phoenix Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.129%−$13 on $10k

Price spread, last 3 days (all we have)+0.025%+$2 · spread now −0.015%, 7d avg −0.003%

Together, before fees−0.104%−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.129%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix AMAT	466.68	0.0360	pay 0.0045% / 1h	13m 46s	$19K	$131K	10x
Short	BloFin AMAT-USDT	466.61	0.0440	get 0.0440% / 8h	13m 46s	$109K	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.015%Rate

Funding earned: $16.79
Price spread: −0.015% → −0.003%: −$1.16
Slippage, 4 orders: −$28.83
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$32.19
Costs to cover: 0.478%
Break-even: 20.4 days

Slippage from Phoenix: live order book, 57 min ago; BloFin: live order book, 46 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 Phoenix live order book, 57 min ago	3.43 bp	11.3 bp −$11	23.6 bp −$236	doesn't fit	doesn't fit
Sell BloFin live order book, 46 min ago	1.61 bp	13.8 bp −$14	doesn't fit	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	466.88	+0.043%	$10K	$11K	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	466.42	−0.056%	$928K	$618K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	466.71	+0.006%	$1.4M	$1.6M	20x	as long as short
Gate AMAT_USDT	0.0000%	8h	466.70	+0.004%	$2.0M	$6.4M	50x	as long as short
Bitget AMATUSDT	0.0000%	8h	466.73	+0.011%	$2.1M	$1.7M	20x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	466.26	−0.090%	—	—	10x	as long as short
tradeXYZ xyz:AMAT	+0.0059%	1h	466.45	−0.049%	$2.6M	$2.3M	10x	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	466.09	−0.126%	$406K	$430K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	466.72	+0.009%	$1K	$380K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	467.85	+0.251%	$170K	$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 AMAT	+0.0338%	8h	466.55	−0.028%	$86K	$24K	—	as long as short
Phoenix AMATlong	+0.0360%	1h	466.68	long leg	$19K	$131K	10x
Binance AMATUSDT	+0.0437%	8h	466.35	−0.071%	$8.9M	$12.8M	20x	as long as short
Extended AMAT-USD	+0.0440%	1h	466.18	−0.107%	$5K	$27K	10x	as long as short
BloFin AMAT-USDTshort	+0.0440%	8h	466.61	−0.015%	$109K	$81K	20x
GRVT AMAT_USDT_Perp	+0.0633%	8h	466.77	+0.020%	$294	$99K	10x	as long as short