Funding arb · Price arb /

AMAT

RWAall AMAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h 0.000%

Price spread now: Gate against Phoenix−0.123%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$620.617% of the position

Long on Phoenix Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.387%−$39 on $10k

Price spread, last 4 days (all we have)−0.390%−$39 · spread now −0.123%, 7d avg −0.040%

Together, before fees−0.778%−$78 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.083% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.123% now, against its 7-day average of −0.040%). If the spread goes back, that is −$8 on $10k: about 5.2 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.387%, 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	470.38	0.0204	pay 0.0026% / 1h	27m 04s	$19K	$110K	10x
Short	Gate AMAT_USDT	469.80	0.0258	get 0.0258% / 8h	5h 27m	$1.7M	$6.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.123%Rate

Funding earned: $11.25
Price spread: −0.123% → −0.040%: −$8.34
Slippage, 4 orders: −$39.71
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$58.8
Costs to cover: 0.617%
Break-even: 43.6 days

Slippage from Phoenix: live order book, 28 min ago; Gate: live order book, 1 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, 28 min ago	3.83 bp	12.2 bp −$12	25.8 bp −$258	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	5.32 bp	15.9 bp −$16	122.9 bp −$1,229	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	469.90	−0.102%	$10K	$11K	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	470.06	−0.068%	$898K	$656K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	470.60	+0.047%	$1.4M	$1.6M	20x	as long as short
Bitget AMATUSDT	0.0000%	8h	470.10	−0.060%	$2.1M	$1.7M	20x	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	470.30	−0.017%	$188	$100K	10x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	469.92	−0.098%	—	—	10x	as long as short
tradeXYZ xyz:AMAT	+0.0050%	1h	469.94	−0.094%	$2.6M	$2.3M	10x	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	469.72	−0.140%	$412K	$480K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	470.53	+0.032%	$993	$365K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	470.97	+0.125%	$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 AMAT	+0.0108%	8h	470.33	−0.010%	$65K	$44K	—	as long as short
Binance AMATUSDT	+0.0166%	8h	469.88	−0.105%	$8.9M	$12.6M	20x	as long as short
Extended AMAT-USD	+0.0168%	1h	469.77	−0.130%	$5K	$27K	10x	as long as short
BloFin AMAT-USDT	+0.0184%	8h	469.85	−0.113%	$110K	$91K	20x	as long as short
Phoenix AMATlong	+0.0204%	1h	470.38	long leg	$19K	$110K	10x
Gate AMAT_USDTshort	+0.0258%	8h	469.80	−0.123%	$1.7M	$6.4M	50x