Funding arb · Price arb /

AMAT

RWAall AMAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0260%/8h= +28.5% APRpaid last 24h +0.050%

Price spread now: Phoenix against SunX+0.006%69s7-day average +0.039% · you sell dearer than you buy

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

Long on SunX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.284%+$28 on $10k

Price spread, last 3 days (all we have)+0.004%$0 · spread now +0.006%, 7d avg +0.039%

Together, before fees+0.287%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.033% cheaper against SunX than usual: you would sell low and buy high (spread +0.006% now, against its 7-day average of +0.039%). If the spread goes back, that is −$3 on $10k: about 10 hours of funding at the current rate (+$8 a day). The two prices were read 69 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	SunX AMAT-USDT	466.65	0.0100	pay 0.0100% / 8h	42m 16s	$1K	$385K	10x
Short	Phoenix AMAT	466.68	0.0360	get 0.0045% / 1h	42m 16s	$19K	$131K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against SunX. 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 SunXbpFee PhoenixbpOrdersPrice spread, now +0.006%Rate

Funding earned: $54.66
Price spread: +0.006% → +0.039%: −$3.26
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $36.41
Costs to cover: 0.150%
Break-even: 2.3 days

Slippage unknown: SunX: live order book, 18 min ago; Phoenix: live order book, 28 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 SunX live order book, 18 min ago	500.07 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 28 min ago	3.43 bp	11.3 bp −$11	23.6 bp −$236	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	466.44	−0.046%	$10K	$11K	20x	as long as short
Bybit AMATUSDT	0.0000%	8h	466.47	−0.039%	$934K	$652K	25x	as long as short
OKX AMAT-USDT-SWAP	0.0000%	8h	467.03	+0.081%	$1.4M	$1.6M	20x	as long as short
Gate AMAT_USDT	0.0000%	8h	466.70	+0.011%	$2.0M	$6.4M	50x	as long as short
Bitget AMATUSDT	0.0000%	8h	466.83	+0.039%	$2.1M	$1.7M	20x	as long as short
Vest AMAT-USD-PERP	+0.0046%	1h	466.21	−0.094%	—	—	10x	as long as short
KuCoin AMATUSDTM	+0.0100%	8h	466.22	−0.092%	$406K	$410K	20x	as long as short
SunX AMAT-USDTlong	+0.0100%	8h	466.65	long leg	$1K	$385K	10x
HTX AMAT-USDT	+0.0100%	8h	467.62	+0.208%	$170K	$40K	20x	as long as short
tradeXYZ xyz:AMAT	+0.0212%	1h	466.46	−0.041%	$2.6M	$2.4M	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AMAT	+0.0262%	8h	466.48	−0.036%	$76K	$14K	—	as long as short
Phoenix AMATshort	+0.0360%	1h	466.68	+0.006%	$19K	$131K	10x
Extended AMAT-USD	+0.0376%	1h	466.43	−0.047%	$5K	$27K	10x	as long as short
Binance AMATUSDT	+0.0379%	8h	466.53	−0.026%	$8.9M	$12.8M	20x	as long as short
BloFin AMAT-USDT	+0.0391%	8h	466.35	−0.064%	$109K	$80K	20x	as long as short
GRVT AMAT_USDT_Perp	+0.0600%	8h	466.51	−0.030%	$299	$101K	10x	as long as short