AMAT

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0154%/8h= +16.9% APRnext payment +$0.19 per $10,000 · paid last 24h +0.049%

Price spread now: Phoenix against tradeXYZ+0.021%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$490.488% of the position

Long on tradeXYZ Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.229%+$23 on $10k

Price spread, last 4 days (all we have)+0.398%+$40 · spread now +0.021%, 7d avg +0.095%

Together, before fees+0.628%+ Points / potential airdroptradeXYZ: Active · farm board+$63 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.074% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.021% now, against its 7-day average of +0.095%). If the spread goes back, that is −$7 on $10k: about 38 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:AMAT	470.17	0.0050	pay 0.0006% / 1h	21m 16s	$2.6M	$2.3M	10x
Short	Phoenix AMAT	470.27	0.0204	get 0.0026% / 1h	21m 16s	$19K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against tradeXYZ. 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 tradeXYZbpFee PhoenixbpOrdersPrice spread, now +0.021%Rate

Funding earned: $32.43
Price spread: +0.021% → +0.095%: −$7.41
Slippage, 4 orders: −$23.78
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$23.76
Costs to cover: 0.488%
Break-even: 12.1 days

Slippage from tradeXYZ: live order book, 5 min ago; Phoenix: live order book, 34 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 tradeXYZ live order book, 5 min ago	2.23 bp	12.9 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 34 min ago	3.83 bp	12.2 bp −$12	25.9 bp −$259	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	470.19	+0.005%	$10K	$11K	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	470.31	+0.030%	$899K	$656K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	470.60	+0.091%	$1.4M	$1.6M	20x	as long as short
Bitget AMATUSDT	0.0000%	8h	470.63	+0.098%	$2.1M	$1.7M	20x	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	470.12	−0.010%	$179	$100K	10x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	470.03	−0.030%	—	—	10x	as long as short
tradeXYZ xyz:AMATlong	+0.0050%	1h	470.17	long leg	$2.6M	$2.3M	10x
Variational Omni AMAT	+0.0095%	8h	469.88	−0.061%	$65K	$44K	—	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	469.81	−0.077%	$412K	$481K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	470.53	+0.077%	$993	$365K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AMAT-USDT	+0.0100%	8h	470.82	+0.138%	$171K	$40K	20x	as long as short
BloFin AMAT-USDT	+0.0127%	8h	470.04	−0.028%	$110K	$91K	20x	as long as short
Binance AMATUSDT	+0.0150%	8h	470.45	+0.060%	$8.9M	$12.6M	20x	as long as short
Extended AMAT-USD	+0.0152%	1h	470.33	+0.035%	$5K	$27K	10x	as long as short
Phoenix AMATshort	+0.0204%	1h	470.27	+0.021%	$19K	$110K	10x
Gate AMAT_USDT	+0.0266%	8h	470.30	+0.028%	$1.7M	$6.4M	50x	as long as short