Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0267%/8h= −29.3% APRpaid last 24h −0.066%

Price spread now: SunX against Deribit+0.100%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$275as in the Price arb table

costs, in and out, $10k−$2812.809% of the position

Long on Deribit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.163%−$16 on $10k

Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.100%, 7d avg +0.046%

Together, before fees−0.239%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.054% dearer against Deribit than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of +0.046%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 5 days (−0.163% in total) that is about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AMD_USDC-PERPETUAL	619.02	0.0267	pay 0.0033% / 1h	30m 55s	$77K	$151K	10x
Short	SunX AMD-USDT	619.64	0	get 0.0000% / 8h	3h 30m	$1K	$8.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Deribit. 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 DeribitbpFee SunXbpOrdersPrice spread, now +0.100%Rate

Funding earned: −$56.11
Price spread: +0.100% → +0.046%: $5.41
Slippage, 4 orders: −$265.88
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$331.58
Costs to cover: 2.809%
Break-even: never at this rate

Slippage from Deribit: live order book, 22 min ago; SunX: live order book, 8 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 Deribit live order book, 22 min ago	0.08 bp	11.7 bp −$12	13.7 bp −$137	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	45.26 bp	132.0 bp −$132	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
edgeX AMDUSDC	−0.0866%	4h	618.51	−0.083%	$78K	$1.7M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	619.80	+0.126%	$4.5M	$13.7M	50x	as long as short
Bitget AMDUSDT	0.0000%	8h	619.87	+0.137%	$10.3M	$17.1M	20x	as long as short
SunX AMD-USDTshort	0.0000%	8h	619.64	+0.100%	$1K	$8.2M	10x
HTX AMD-USDT	0.0000%	8h	619.52	+0.081%	$118K	$622K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	619.11	+0.015%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	619.27	+0.040%	$831K	$4.5M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	619.05	+0.005%	$2K	$57K	12x	as long as short
Lighter AMD	+0.0040%	1h	619.10	+0.013%	$546K	$2.5M	10x	as long as short
Arcus AMD-USD	+0.0040%	1h	619.06	+0.006%	$144K	$265K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX AMD-USD	+0.0049%	1h	619.33	+0.050%	$2.1M	$11.6M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	619.12	+0.016%	$397K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	619.43	+0.066%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	618.52	−0.081%	$1.3M	$4.4M	10x	as long as short
Vest AMD-USD-PERP	+0.0062%	1h	620.25	+0.199%	—	$923K	25x	as long as short
Nado AMD-PERP	+0.0082%	1h	618.58	−0.071%	$265K	$234K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0088%	1h	617.90	−0.181%	$313K	$1.8M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	619.11	+0.015%	$1.9M	$294K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	618.88	−0.023%	$80K	$257K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	619.45	+0.069%	$370	$6K	10x	as long as short
tradeXYZ xyz:AMD	+0.0119%	1h	619.26	+0.039%	$23.5M	$94.4M	10x	as long as short
Phoenix AMD	+0.0141%	1h	618.73	−0.047%	$2K	$90K	10x	as long as short
Aster AMDUSDT	+0.0173%	8h	619.12	+0.016%	$69K	$414K	50x	as long as short
OKX AMD-USDT-SWAP	+0.0208%	8h	619.64	+0.100%	$6.8M	$28.2M	25x	as long as short
Aevo AMD-PERP	+0.0216%	1h	619.67	+0.105%	$11K	—	10x	as long as short
GRVT AMD_USDT_Perp	+0.0238%	8h	618.78	−0.039%	$17K	$157K	10x	as long as short
Deribit AMD_USDC-PERPETUALlong	+0.0267%	1h	619.02	long leg	$77K	$151K	10x
Variational Omni AMD	+0.0452%	8h	619.69	+0.108%	$2.5M	$3.3M	—	as long as short
BloFin AMD-USDT	+0.0519%	8h	619.85	+0.134%	$6K	$549K	20x	as long as short
Binance AMDUSDT	+0.0524%	8h	619.78	+0.123%	$72.7M	$196.0M	25x	as long as short
Extended AMD_24_5-USD	+0.0528%	1h	619.60	+0.093%	$461K	$1.9M	10x	as long as short