Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0306%/8h= −33.5% APRpaid last 24h −0.030%

Price spread now: Phoenix against Bitget−0.062%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.121%+$12 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Phoenix is 0.062% cheaper against Bitget than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.121%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.121% in total (about 6.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AMDUSDT	616.92	0.0475	pay 0.0475% / 8h	1h 51m	$10.1M	$18.2M	20x
Short	Phoenix AMD	616.54	0.0169	get 0.0021% / 1h	51m 19s	$2K	$94K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Bitget. 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 BitgetbpFee PhoenixbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$64.32
Price spread: −0.062% → 0.000%: −$6.16
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$89.47
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 min ago; Phoenix: 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 Bitget live order book, 2 min ago	0.89 bp	12.1 bp −$12	14.3 bp −$143	40.9 bp −$4,087	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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.

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
edgeX AMDUSDC	−0.0342%	4h	617.02	+0.017%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	616.86	−0.010%	$4.3M	$13.2M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	617.03	+0.018%	$2K	$9.1M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	616.70	−0.036%	$127K	$577K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	616.89	−0.005%	$1.7M	$460K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0001%	8h	616.86	−0.010%	$6.8M	$28.6M	25x	as long as short
Lighter RH AMD	+0.0032%	1h	616.59	−0.053%	$828K	$4.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−0.843%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	617.59	+0.109%	—	$949K	25x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	616.64	−0.045%	$406K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps AMD-USD.P	+0.0050%	1h	615.76	−0.188%	$1.4M	$4.8M	10x	as long as short
tradeXYZ xyz:AMD	+0.0071%	1h	616.39	−0.086%	$24.9M	$95.7M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0072%	1h	615.86	−0.172%	$311K	$1.8M	10x	as long as short
Aster AMDUSDT	+0.0077%	8h	616.93	+0.002%	$71K	$414K	50x	as long as short
QFEX AMD-USD	+0.0080%	1h	616.91	−0.002%	$2.3M	$13.2M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	616.26	−0.107%	$1.9M	$323K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	616.89	−0.005%	$79K	$259K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	616.85	−0.011%	$376	$6K	10x	as long as short
Lighter AMD	+0.0168%	1h	616.80	−0.019%	$539K	$2.6M	10x	as long as short
Phoenix AMDshort	+0.0169%	1h	616.54	−0.062%	$2K	$94K	10x
Aevo AMD-PERP	+0.0184%	1h	617.23	+0.050%	$11K	—	10x	as long as short
SoDEX AMD-USD	+0.0217%	1h	616.82	−0.016%	$25K	$24K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0351%	8h	616.62	−0.049%	$17K	$141K	10x	as long as short
Variational Omni AMD	+0.0366%	8h	616.46	−0.074%	$2.7M	$3.1M	—	as long as short
Nado AMD-PERP	+0.0412%	1h	616.24	−0.110%	$314K	$166K	10x	as long as short
Extended AMD_24_5-USD	+0.0424%	1h	616.94	+0.004%	$456K	$1.5M	10x	as long as short
Binance AMDUSDT	+0.0426%	8h	617.08	+0.025%	$75.0M	$193.0M	25x	as long as short
BloFin AMD-USDT	+0.0444%	8h	617.14	+0.036%	$6K	$541K	20x	as long as short
Bitget AMDUSDTlong	+0.0475%	8h	616.92	long leg	$10.1M	$18.2M	20x
Deribit AMD_USDC-PERPETUAL	+0.0496%	1h	616.67	−0.041%	$77K	$163K	10x	as long as short
Arcus AMD-USD	+0.0780%	1h	616.80	−0.019%	$142K	$282K	10x	as long as short