Funding arb · Price arb /

AMD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h +0.005%

Price spread now: Phoenix against Orderly−0.029%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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 0.029% cheaper against Orderly than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 22 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AMD_USDC_mythos	620.66	0.0100	pay 0.0100% / 8h	5m 13s	$379	$6K	10x
Short	Phoenix AMD	620.48	0.0207	get 0.0026% / 1h	5m 13s	$2K	$92K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Orderly. 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 OrderlybpFee PhoenixbpOrdersPrice spread, now −0.029%Rate

Funding earned: $22.39
Price spread: −0.029% → 0.000%: −$2.9
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $6.49
Costs to cover: 0.130%
Break-even: 5.0 days

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Orderly and 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	−0.0155%	4h	620.52	−0.022%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	621.04	+0.061%	$4.4M	$13.7M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	620.81	+0.024%	$2K	$8.9M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.59	−0.011%	$132K	$579K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.49	−0.027%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	620.36	−0.048%	$838K	$4.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.440%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	621.60	+0.151%	—	$950K	25x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	620.39	−0.044%	$395K	$1.6M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.87	−0.127%	$1.5M	$4.9M	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	+0.0080%	1h	620.66	0.000%	$2.3M	$13.6M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0080%	1h	620.60	−0.010%	$312K	$1.8M	10x	as long as short
SoDEX AMD-USD	+0.0089%	1h	620.75	+0.015%	$25K	$24K	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.54	−0.019%	$1.9M	$313K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	620.51	−0.024%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythoslong	+0.0100%	8h	620.66	long leg	$379	$6K	10x
tradeXYZ xyz:AMD	+0.0126%	1h	620.33	−0.053%	$24.9M	$94.4M	10x	as long as short
Lighter AMD	+0.0128%	1h	620.47	−0.031%	$529K	$2.5M	10x	as long as short
OKX AMD-USDT-SWAP	+0.0167%	8h	620.76	+0.016%	$6.8M	$28.7M	25x	as long as short
Aster AMDUSDT	+0.0205%	8h	620.80	+0.022%	$72K	$416K	50x	as long as short
Phoenix AMDshort	+0.0207%	1h	620.48	−0.029%	$2K	$92K	10x
Aevo AMD-PERP	+0.0216%	1h	621.07	+0.067%	$11K	—	10x	as long as short
Nado AMD-PERP	+0.0449%	1h	620.07	−0.095%	$318K	$167K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0468%	8h	620.44	−0.035%	$18K	$133K	10x	as long as short
Variational Omni AMD	+0.0498%	8h	620.77	+0.018%	$2.6M	$3.2M	—	as long as short
BloFin AMD-USDT	+0.0533%	8h	620.87	+0.034%	$6K	$546K	20x	as long as short
Bitget AMDUSDT	+0.0539%	8h	620.86	+0.032%	$10.1M	$18.0M	20x	as long as short
Extended AMD_24_5-USD	+0.0544%	1h	620.74	+0.013%	$464K	$1.5M	10x	as long as short
Binance AMDUSDT	+0.0545%	8h	620.86	+0.032%	$75.6M	$192.6M	25x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0718%	1h	620.61	−0.008%	$77K	$160K	10x	as long as short
Arcus AMD-USD	+0.0919%	1h	620.58	−0.013%	$145K	$264K	10x	as long as short