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: tradeXYZ against Phoenix−0.030%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

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

Long on Phoenix Short on tradeXYZ

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)−0.390%−$39 · spread now −0.030%, 7d avg −0.095%

Together, before fees−0.619%+ Points / potential airdroptradeXYZ: Active · farm board−$62 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.066% dearer against Phoenix than usual: you sell high and buy low (spread −0.030% now, against its 7-day average of −0.095%): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix AMAT	470.04	0.0204	pay 0.0026% / 1h	22m 52s	$19K	$110K	10x
Short	tradeXYZ xyz:AMAT	469.90	0.0050	get 0.0006% / 1h	22m 52s	$2.6M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$32.43
Price spread: −0.030% → −0.095%: $6.55
Slippage, 4 orders: −$23.78
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$74.65
Costs to cover: 0.488%
Break-even: never at this rate

Slippage from Phoenix: live order book, 32 min ago; tradeXYZ: 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, 32 min ago	3.83 bp	12.2 bp −$12	25.8 bp −$258	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	2.23 bp	11.4 bp −$11	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	470.04	+0.001%	$10K	$11K	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	470.11	+0.015%	$899K	$656K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	469.98	−0.013%	$1.4M	$1.6M	20x	as long as short
Bitget AMATUSDT	0.0000%	8h	470.25	+0.045%	$2.1M	$1.7M	20x	as long as short
GRVT AMAT_USDT_Perp	0.0000%	8h	469.94	−0.021%	$188	$100K	10x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	469.87	−0.036%	—	—	10x	as long as short
tradeXYZ xyz:AMATshort	+0.0050%	1h	469.90	−0.030%	$2.6M	$2.3M	10x
Variational Omni AMAT	+0.0095%	8h	469.88	−0.033%	$65K	$44K	—	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	469.63	−0.087%	$412K	$481K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	470.53	+0.104%	$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	471.09	+0.223%	$171K	$39K	20x	as long as short
BloFin AMAT-USDT	+0.0127%	8h	470.04	0.000%	$110K	$91K	20x	as long as short
Extended AMAT-USD	+0.0152%	1h	470.04	−0.001%	$5K	$27K	10x	as long as short
Binance AMATUSDT	+0.0154%	8h	470.17	+0.027%	$8.9M	$12.6M	20x	as long as short
Phoenix AMATlong	+0.0204%	1h	470.04	long leg	$19K	$110K	10x
Gate AMAT_USDT	+0.0255%	8h	469.90	−0.030%	$1.7M	$6.4M	50x	as long as short