Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.036%

Price spread now: SunX against ApeX Omni−0.021%47s7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$304as 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−$2762.765% of the position

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.271%−$27 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.021%, 7d avg +0.020%

Together, before fees−0.221%−$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.041% cheaper against ApeX Omni than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.020%). Swap the legs. The two prices were read 47 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	ApeX Omni AMDUSDT	611.65	0.0100	pay 0.0013% / 1h	33m 25s	$78K	$255K	50x
Short	SunX AMD-USDT	611.52	0	get 0.0000% / 8h	1h 33m	$1K	$8.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against ApeX Omni. 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 ApeX OmnibpFee SunXbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$21
Price spread: −0.021% → +0.020%: −$4.08
Slippage, 4 orders: −$258.5
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$301.58
Costs to cover: 2.765%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 8 min ago; SunX: live order book, 6 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 ApeX Omni live order book, 8 min ago	5.31 bp	10.3 bp −$10	37.0 bp −$370	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	45.12 bp	129.9 bp −$130	doesn't fit	doesn't fit	doesn't fit

AMD on 31 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 AMDUSDT	−0.0432%	8h	612.48	+0.136%	$10.3M	$17.4M	20x	as long as short
edgeX AMDUSDC	−0.0134%	4h	611.77	+0.019%	$72K	$1.7M	10x	as long as short
Aster AMDUSDT	0.0000%	8h	611.97	+0.052%	$70K	$416K	50x	as long as short
Gate AMD_USDT	0.0000%	8h	612.20	+0.090%	$4.4M	$14.4M	50x	as long as short
SunX AMD-USDTshort	0.0000%	8h	611.52	−0.021%	$1K	$8.1M	10x
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	611.16	−0.080%	$76K	$151K	10x	as long as short
HTX AMD-USDT	0.0000%	8h	611.65	0.000%	$103K	$640K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	611.75	+0.016%	$1.7M	$462K	10x	as long as short
Lighter AMD	+0.0032%	1h	611.76	+0.018%	$520K	$2.6M	10x	as long as short
Lighter RH AMD	+0.0032%	1h	611.70	+0.008%	$812K	$4.7M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMD-USD	+0.0040%	1h	611.46	−0.031%	$135K	$276K	10x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	612.25	+0.098%	—	$925K	25x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	611.37	−0.046%	$22.7M	$95.3M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	611.47	−0.029%	$394K	$1.6M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	611.50	−0.025%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	611.04	−0.100%	$1.4M	$5.4M	10x	as long as short
QFEX AMD-USD	+0.0067%	1h	611.77	+0.020%	$2.1M	$11.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0067%	1h	549.96	−10.086%	$2K	$59K	12x	as long as short
Nado AMD-PERP	+0.0072%	1h	611.56	−0.015%	$254K	$241K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0084%	8h	611.89	+0.039%	$6.6M	$29.1M	25x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	611.58	−0.011%	$1.9M	$293K	20x	as long as short
ApeX Omni AMDUSDTlong	+0.0100%	1h	611.65	long leg	$78K	$255K	50x
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	611.40	−0.041%	$366	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	611.26	−0.064%	$316K	$1.9M	10x	as long as short
Phoenix AMD	+0.0143%	1h	611.11	−0.088%	$2K	$90K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0144%	8h	611.93	+0.046%	$20K	$174K	10x	as long as short
Aevo AMD-PERP	+0.0160%	1h	611.62	−0.006%	$11K	—	10x	as long as short
Variational Omni AMD	+0.0216%	8h	611.47	−0.029%	$2.3M	$3.5M	—	as long as short
Binance AMDUSDT	+0.0301%	8h	611.99	+0.056%	$71.8M	$203.9M	25x	as long as short
Extended AMD_24_5-USD	+0.0304%	1h	611.91	+0.043%	$458K	$3.1M	10x	as long as short
BloFin AMD-USDT	+0.0307%	8h	611.54	−0.018%	$6K	$549K	20x	as long as short