Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0174%/8h= +19.0% APRpaid last 24h +0.041%

Price spread now: Phoenix against Variational Omni−0.009%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AMAT	459.04	0	get 0.0000% / 8h	5m 06s	$60K	$47K	—
Short	Phoenix AMAT	459.00	0.0174	get 0.0022% / 1h	5m 06s	$18K	$114K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Variational Omni. 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 Variational OmnibpFee PhoenixbpOrdersPrice spread, now −0.009%Rate

Funding earned: $36.48
Price spread: −0.009% → 0.000%: −$0.94
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $28.55
Costs to cover: 0.070%
Break-even: 1.5 days

Slippage unknown: Variational Omni: no order-book sample; Phoenix: live order book, 25 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 25 min ago	3.26 bp	11.0 bp −$11	22.8 bp −$228	doesn't fit	doesn't fit

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0444%	8h	459.55	+0.110%	$1.9M	$1.8M	20x	as long as short
Gate AMAT_USDT	−0.0149%	8h	459.20	+0.034%	$1.5M	$6.1M	50x	as long as short
tradeXYZ xyz:AMAT	−0.0035%	1h	458.73	−0.068%	$2.1M	$2.6M	10x	as long as short
BloFin AMAT-USDT	−0.0006%	8h	459.22	+0.039%	$108K	$120K	20x	as long as short
Aster AMATUSDT	0.0000%	8h	459.23	+0.041%	$10K	$10K	20x	as long as short
Extended AMAT-USD	0.0000%	1h	458.90	−0.032%	$1K	$32K	10x	as long as short
Binance AMATUSDT	0.0000%	8h	459.02	−0.006%	$8.4M	$14.2M	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	459.02	−0.005%	$821K	$705K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	459.18	+0.030%	$1.3M	$1.6M	20x	as long as short
Variational Omni AMATlong	0.0000%	8h	459.04	long leg	$60K	$47K	—

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AMAT_USDT_Perp	0.0000%	8h	458.90	−0.032%	$418	$111K	10x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	458.87	−0.038%	—	—	10x	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	458.44	−0.131%	$396K	$567K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	459.59	+0.119%	$1K	$379K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	460.22	+0.256%	$167K	$39K	20x	as long as short
Phoenix AMATshort	+0.0174%	1h	459.00	−0.009%	$18K	$114K	10x