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Funding arb · Price arb /

AMAT

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0170%/8h= +18.7% APRnext payment +$0.21 per $10,000 · paid last 24h +0.050%
Price spread now: Phoenix against tradeXYZ+0.032%61s7-day average +0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as 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−$510.514% of the position
Long on tradeXYZShort on Phoenix
What this pair did over the last
the charts below follow
Funding, last 7 days+0.230%+$23 on $10k
Price spread, last 4 days (all we have)+0.756%+$76 · spread now +0.032%, 7d avg +0.096%
Together, before fees+0.986%+ Points / potential airdroptradeXYZ: Active · farm board+$99 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.064% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.032% now, against its 7-day average of +0.096%). If the spread goes back, that is −$6 on $10k: about 30 hours of funding at the current rate (+$5 a day). The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:AMAT470.180.0050pay 0.0006% / 1h14m 31s$2.6M$2.3M10x
ShortPhoenix AMAT470.330.0220get 0.0028% / 1h14m 31s$19K$110K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against tradeXYZ. 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

Funding earned
$35.79
Price spread: +0.032% → +0.096%
−$6.39
Slippage, 4 orders
−$26.36
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$21.95
Costs to cover
0.514%
Break-even
11.3 days
Slippage from tradeXYZ: live order book, 3 min ago; Phoenix: live order book, 46 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 3 min ago2.44 bp14.3 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell Phoenix live order book, 46 min ago3.81 bp12.2 bp −$1225.9 bp −$259doesn't fitdoesn't fit

AMAT on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster AMATUSDT0.0000%8h470.43+0.054%$10K$11K20xas long as short
Bybit AMATUSDT0.0000%8h470.26+0.017%$900K$654K25xas long as short
OKX AMAT-USDT-SWAP0.0000%8h470.39+0.045%$1.4M$1.6M20xas long as short
Bitget AMATUSDT0.0000%8h470.53+0.074%$2.1M$1.7M20xas long as short
GRVT AMAT_USDT_Perp0.0000%8h470.09−0.019%$226$98K10xas long as short
Vest AMAT-USD-PERP+0.0046%1h470.26+0.017%——10xas long as short
tradeXYZ xyz:AMATlong+0.0050%1h470.18long leg$2.6M$2.3M10x
KuCoin AMATUSDTM+0.0100%8h469.80−0.081%$414K$473K20xas long as short
SunX AMAT-USDT+0.0100%8h470.79+0.130%$975$373K10xas long as short
HTX AMAT-USDT+0.0100%8h471.92+0.370%$172K$39K20xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni AMAT+0.0219%8h470.24+0.013%$66K$44K—as long as short
Phoenix AMATshort+0.0220%1h470.33+0.032%$19K$110K10x
Binance AMATUSDT+0.0273%8h470.39+0.045%$8.9M$12.6M20xas long as short
Extended AMAT-USD+0.0280%1h470.21+0.006%$5K$27K10xas long as short
Gate AMAT_USDT+0.0357%8h470.20+0.004%$1.7M$6.4M50xas long as short