Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0120%/8h= −13.2% APRpaid last 24h −0.055%

Price spread now: SunX against Phoenix+0.049%7-day average −0.038% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.284%−$28 on $10k

Price spread, last 3 days (all we have)−0.063%−$6 · spread now +0.049%, 7d avg −0.038%

Together, before fees−0.346%−$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.087% dearer against Phoenix than usual: you sell high and buy low (spread +0.049% now, against its 7-day average of −0.038%): +$9 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix AMAT	469.30	0.0220	pay 0.0028% / 1h	34m 54s	$19K	$110K	10x
Short	SunX AMAT-USDT	469.53	0.0100	get 0.0100% / 8h	6h 34m	$1K	$372K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$25.29
Price spread: +0.049% → −0.038%: $8.66
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$31.63
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 25 min ago; SunX: live order book, 6 min ago. 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, 25 min ago	3.81 bp	12.2 bp −$12	25.8 bp −$258	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	500.08 bp	doesn't fit	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	469.31	+0.002%	$10K	$11K	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	469.32	+0.004%	$900K	$652K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	469.86	+0.119%	$1.4M	$1.6M	20x	as long as short
Bitget AMATUSDT	0.0000%	8h	469.60	+0.064%	$2.1M	$1.7M	20x	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	469.39	+0.019%	$690	$98K	10x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	468.83	−0.100%	—	—	10x	as long as short
tradeXYZ xyz:AMAT	+0.0050%	1h	469.23	−0.015%	$2.6M	$2.3M	10x	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	468.93	−0.079%	$409K	$468K	20x	as long as short
SunX AMAT-USDTshort	+0.0100%	8h	469.53	+0.049%	$1K	$372K	10x
HTX AMAT-USDT	+0.0100%	8h	470.41	+0.237%	$171K	$39K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix AMATlong	+0.0220%	1h	469.30	long leg	$19K	$110K	10x
Variational Omni AMAT	+0.0270%	8h	469.26	−0.008%	$65K	$44K	—	as long as short
Binance AMATUSDT	+0.0332%	8h	469.45	+0.031%	$8.9M	$12.6M	20x	as long as short
Extended AMAT-USD	+0.0336%	1h	469.28	−0.004%	$5K	$27K	10x	as long as short
Gate AMAT_USDT	+0.0344%	8h	469.40	+0.021%	$1.7M	$6.4M	50x	as long as short
BloFin AMAT-USDT	+0.0369%	8h	469.90	+0.128%	$110K	$86K	20x	as long as short