Funding arb · Price arb /

AMAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0103%/8h= +11.3% APRpaid last 24h −0.046%

Price spread now: Variational Omni against Phoenix+0.006%54s7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 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: +$3 a day on $10k at the current rate. The two prices were read 54 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	468.81	0.0292	pay 0.0036% / 1h	52m 43s	$19K	$131K	10x
Short	Variational Omni AMAT	468.84	0.0394	get 0.0394% / 8h	7h 52m	$87K	$24K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.006%Rate

Funding earned: $21.62
Price spread: +0.006% → 0.000%: $0.57
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $15.19
Costs to cover: 0.070%
Break-even: 2.1 days

Slippage unknown: Phoenix: live order book, 12 min ago; Variational Omni: no order-book sample. 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, 12 min ago	2.78 bp	9.5 bp −$10	19.2 bp −$192	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

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
Aster AMATUSDT	0.0000%	8h	468.45	−0.076%	$10K	$11K	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	468.17	−0.137%	$921K	$625K	25x	as long as short
Bitget AMATUSDT	0.0000%	8h	468.59	−0.047%	$2.1M	$1.7M	20x	as long as short
OKX AMAT-USDT-SWAP	+0.0023%	8h	468.46	−0.075%	$1.4M	$1.6M	20x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	468.03	−0.166%	—	—	10x	as long as short
Gate AMAT_USDT	+0.0069%	8h	468.40	−0.087%	$1.9M	$6.3M	50x	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	467.79	−0.218%	$411K	$442K	20x	as long as short
SunX AMAT-USDT	+0.0100%	8h	468.51	−0.064%	$1K	$381K	10x	as long as short
HTX AMAT-USDT	+0.0100%	8h	469.77	+0.205%	$171K	$40K	20x	as long as short
Phoenix AMATlong	+0.0292%	1h	468.81	long leg	$19K	$131K	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AMATshort	+0.0394%	8h	468.84	+0.006%	$87K	$24K	—
Binance AMATUSDT	+0.0469%	8h	468.18	−0.134%	$8.9M	$12.7M	20x	as long as short
Extended AMAT-USD	+0.0472%	1h	468.09	−0.153%	$5K	$27K	10x	as long as short
BloFin AMAT-USDT	+0.0476%	8h	468.43	−0.081%	$109K	$82K	20x	as long as short
GRVT AMAT_USDT_Perp	+0.0927%	8h	468.40	−0.086%	$529	$98K	10x	as long as short
tradeXYZ xyz:AMAT	+0.0948%	1h	468.30	−0.109%	$2.6M	$2.3M	10x	as long as short