Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0122%/8h= −13.4% APRpaid last 24h −0.050%

Price spread now: HTX against Phoenix+0.158%72s7-day average +0.164% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as 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−$840.843% of the position

Long on Phoenix Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.282%−$28 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.158%, 7d avg +0.164%

Together, before fees−0.308%−$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.164%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 72 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	462.47	0.0222	pay 0.0028% / 1h	3m 48s	$19K	$110K	10x
Short	HTX AMAT-USDT	463.20	0.0100	get 0.0100% / 8h	3h 03m	$169K	$39K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.158%Rate

Funding earned: −$25.6
Price spread: +0.158% → +0.164%: −$0.65
Slippage, 4 orders: −$65.3
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$110.55
Costs to cover: 0.843%
Break-even: never at this rate

Slippage from Phoenix: live order book, 41 min ago; HTX: live order book, 47 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, 41 min ago	3.64 bp	11.8 bp −$12	24.8 bp −$248	doesn't fit	doesn't fit
Sell HTX live order book, 47 min ago	18.38 bp	29.8 bp −$30	95.5 bp −$955	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	−0.0093%	8h	462.55	+0.017%	$2.0M	$1.8M	20x	as long as short
BloFin AMAT-USDT	−0.0027%	8h	461.98	−0.106%	$108K	$105K	20x	as long as short
Aster AMATUSDT	0.0000%	8h	462.70	+0.050%	$10K	$11K	20x	as long as short
Extended AMAT-USD	0.0000%	1h	462.27	−0.043%	$5K	$27K	10x	as long as short
Binance AMATUSDT	0.0000%	8h	462.29	−0.038%	$8.6M	$13.3M	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	462.21	−0.056%	$866K	$674K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	462.67	+0.043%	$1.4M	$1.6M	20x	as long as short
Gate AMAT_USDT	0.0000%	8h	462.40	−0.015%	$1.5M	$6.5M	50x	as long as short
Variational Omni AMAT	0.0000%	8h	462.54	+0.015%	$64K	$44K	—	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	461.90	−0.122%	$65	$103K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMAT-USD-PERP	+0.0046%	1h	462.31	−0.035%	—	—	10x	as long as short
tradeXYZ xyz:AMAT	+0.0050%	1h	462.35	−0.026%	$2.6M	$2.2M	10x	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	462.02	−0.097%	$403K	$547K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	463.60	+0.244%	$904	$373K	10x	as long as short
HTX AMAT-USDTshort	+0.0100%	8h	463.20	+0.158%	$169K	$39K	20x
Phoenix AMATlong	+0.0222%	1h	462.47	long leg	$19K	$110K	10x