Funding arb · Price arb /

AMAT

RWAall AMAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h −0.048%

Price spread now: KuCoin against Phoenix+0.286%78s7-day average −0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$351as 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−$3243.244% of the position

Long on Phoenix Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.268%−$27 on $10k

Price spread, last 4 days (all we have)−0.690%−$69 · spread now +0.286%, 7d avg −0.068%

Together, before fees−0.957%−$96 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.354% dearer against Phoenix than usual: you sell high and buy low (spread +0.286% now, against its 7-day average of −0.068%): +$35 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 54 days. At the pace of the last 7 days (−0.268% in total) that is about 9.3 days. The two prices were read 78 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	454.19	0.0122	pay 0.0015% / 1h	20m 12s	$18K	$116K	10x
Short	KuCoin AMATUSDTM	455.49	0.0100	get 0.0100% / 8h	7h 20m	$390K	$598K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.286%Rate

Funding earned: −$4.61
Price spread: +0.286% → −0.068%: $35.39
Slippage, 4 orders: −$305.39
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$293.61
Costs to cover: 3.244%
Break-even: never at this rate

Slippage from Phoenix: live order book, 5 min ago; KuCoin: live order book, 4 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, 5 min ago	3.96 bp	12.1 bp −$12	25.9 bp −$259	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	12.54 bp	101.4 bp −$101	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
Bitget AMATUSDT	−0.0353%	8h	456.51	+0.511%	$1.9M	$1.9M	20x	as long as short
GRVT AMAT_USDT_Perp	−0.0323%	8h	455.16	+0.214%	$451	$110K	10x	as long as short
tradeXYZ xyz:AMAT	−0.0108%	1h	456.16	+0.434%	$2.1M	$2.7M	10x	as long as short
BloFin AMAT-USDT	−0.0011%	8h	456.03	+0.405%	$109K	$122K	20x	as long as short
Aster AMATUSDT	0.0000%	8h	455.59	+0.307%	$9K	$10K	20x	as long as short
Extended AMAT-USD	0.0000%	1h	456.20	+0.443%	$1K	$14K	10x	as long as short
Binance AMATUSDT	0.0000%	8h	456.31	+0.467%	$8.3M	$14.6M	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	456.08	+0.416%	$811K	$699K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	456.67	+0.546%	$1.3M	$1.6M	20x	as long as short
Gate AMAT_USDT	0.0000%	8h	456.30	+0.465%	$1.5M	$5.4M	50x	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	0.0000%	8h	456.07	+0.414%	$55K	$43K	—	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	456.04	+0.407%	—	—	10x	as long as short
KuCoin AMATUSDTMshort	+0.0100%	8h	455.49	+0.286%	$390K	$598K	20x
SunX AMAT-USDT	+0.0100%	8h	456.23	+0.449%	$853	$380K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	456.19	+0.440%	$166K	$39K	20x	as long as short
Phoenix AMATlong	+0.0122%	1h	454.19	long leg	$18K	$116K	10x