Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0245%/8h= +26.8% APRpaid last 24h +0.039%

Price spread now: Phoenix against HTX−0.139%72s7-day average — · you buy dearer than you sell

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

Long on HTX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.266%+$27 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Phoenix is 0.139% cheaper against HTX than usual: you would sell low and buy high (spread −0.139% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 45 hours of funding at the current rate (+$7 a day). The two prices were read 72 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	HTX AMD-USDT	620.14	0	get 0.0000% / 8h	5h 43m	$122K	$597K	20x
Short	Phoenix AMD	619.28	0.0245	get 0.0031% / 1h	43m 55s	$2K	$90K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against HTX. 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 HTXbpFee PhoenixbpOrdersPrice spread, now −0.139%Rate

Funding earned: $51.48
Price spread: −0.139% → 0.000%: −$13.87
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $18.62
Costs to cover: 0.190%
Break-even: 4.5 days

Slippage unknown: HTX: live order book, 20 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 HTX live order book, 20 min ago	2.42 bp	9.9 bp −$10	20.9 bp −$209	doesn't fit	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	−0.0595%	4h	619.79	−0.057%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	620.14	0.000%	$4.5M	$13.2M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	620.16	+0.003%	$2K	$8.3M	10x	as long as short
HTX AMD-USDTlong	0.0000%	8h	620.14	long leg	$122K	$597K	20x
Phemex AMDUSDT	0.0000%	8h	619.48	−0.106%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	619.65	−0.079%	$848K	$4.4M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.358%	$5K	$55K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	619.94	−0.032%	$144K	$263K	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	619.58	−0.090%	$397K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	619.85	−0.047%	$25K	$24K	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	618.98	−0.187%	$1.5M	$4.1M	10x	as long as short
Vest AMD-USD-PERP	+0.0055%	1h	620.84	+0.113%	—	$923K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	619.83	−0.050%	$2.1M	$12.0M	10x	as long as short
tradeXYZ xyz:AMD	+0.0098%	1h	619.53	−0.098%	$25.0M	$93.6M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	619.56	−0.094%	$1.9M	$284K	20x	as long as short
Bitget AMDUSDT	+0.0100%	8h	620.21	+0.011%	$10.3M	$17.1M	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	620.01	−0.021%	$371	$6K	10x	as long as short
ApeX Omni AMDUSDT	+0.0116%	1h	619.58	−0.090%	$80K	$258K	50x	as long as short
Coinbase International AMD-PERP-INTX	+0.0136%	1h	619.97	−0.027%	$300K	$1.8M	10x	as long as short
Lighter AMD	+0.0192%	1h	619.80	−0.055%	$545K	$2.4M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0202%	1h	619.61	−0.085%	$77K	$151K	10x	as long as short
Phoenix AMDshort	+0.0245%	1h	619.28	−0.139%	$2K	$90K	10x
Aevo AMD-PERP	+0.0280%	1h	620.27	+0.020%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0293%	8h	620.00	−0.023%	$6.9M	$27.8M	25x	as long as short
Nado AMD-PERP	+0.0297%	1h	619.26	−0.142%	$268K	$212K	10x	as long as short
Aster AMDUSDT	+0.0404%	8h	620.07	−0.012%	$72K	$412K	50x	as long as short
Variational Omni AMD	+0.0722%	8h	619.70	−0.072%	$2.6M	$3.3M	—	as long as short
GRVT AMD_USDT_Perp	+0.0741%	8h	619.91	−0.038%	$17K	$135K	10x	as long as short
BloFin AMD-USDT	+0.0751%	8h	619.67	−0.076%	$6K	$546K	20x	as long as short
Extended AMD_24_5-USD	+0.0776%	1h	619.96	−0.029%	$463K	$1.9M	10x	as long as short
Binance AMDUSDT	+0.0779%	8h	620.40	+0.042%	$75.5M	$190.0M	25x	as long as short