Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0207%/8h= +22.6% APRpaid last 24h +0.035%

Price spread now: Phoenix against Phemex−0.055%7-day average — · you buy dearer than you sell

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

Long on Phemex 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 0.055% cheaper against Phemex than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 21 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AMDUSDT	620.86	0	get 0.0000% / 8h	0m 24s	$1.8M	$460K	10x
Short	Phoenix AMD	620.52	0.0207	get 0.0026% / 1h	0m 24s	$2K	$92K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Phemex. 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 PhemexbpFee PhoenixbpOrdersPrice spread, now −0.055%Rate

Funding earned: $43.39
Price spread: −0.055% → 0.000%: −$5.48
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $18.92
Costs to cover: 0.190%
Break-even: 3.9 days

Slippage unknown: Phemex: live order book, 3 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 Phemex live order book, 3 min ago	11.44 bp	doesn't fit	doesn't fit	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	−0.0174%	4h	620.85	−0.002%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	620.93	+0.011%	$4.4M	$13.7M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	620.69	−0.027%	$1K	$8.9M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.64	−0.035%	$132K	$579K	20x	as long as short
Phemex AMDUSDTlong	0.0000%	8h	620.86	long leg	$1.8M	$460K	10x
Lighter RH AMD	+0.0032%	1h	620.43	−0.069%	$839K	$4.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.472%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	621.64	+0.126%	—	$950K	25x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	620.42	−0.071%	$395K	$1.5M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.66	−0.193%	$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	620.65	−0.034%	$2.3M	$13.6M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0080%	1h	620.34	−0.084%	$312K	$1.8M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.57	−0.047%	$1.9M	$313K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	620.44	−0.068%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	620.57	−0.047%	$379	$6K	10x	as long as short
SoDEX AMD-USD	+0.0106%	1h	620.62	−0.039%	$25K	$24K	10x	as long as short
tradeXYZ xyz:AMD	+0.0134%	1h	620.41	−0.072%	$24.9M	$94.5M	10x	as long as short
Lighter AMD	+0.0136%	1h	620.48	−0.061%	$530K	$2.5M	10x	as long as short
OKX AMD-USDT-SWAP	+0.0175%	8h	620.61	−0.040%	$6.8M	$28.6M	25x	as long as short
Phoenix AMDshort	+0.0207%	1h	620.52	−0.055%	$2K	$92K	10x
Aster AMDUSDT	+0.0212%	8h	620.91	+0.008%	$72K	$416K	50x	as long as short
Aevo AMD-PERP	+0.0216%	1h	621.01	+0.024%	$11K	—	10x	as long as short
Nado AMD-PERP	+0.0456%	1h	620.10	−0.122%	$318K	$167K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0471%	8h	620.74	−0.019%	$18K	$133K	10x	as long as short
Variational Omni AMD	+0.0506%	8h	620.66	−0.032%	$2.6M	$3.2M	—	as long as short
BloFin AMD-USDT	+0.0538%	8h	620.77	−0.014%	$6K	$546K	20x	as long as short
Bitget AMDUSDT	+0.0544%	8h	620.76	−0.016%	$10.1M	$17.9M	20x	as long as short
Extended AMD_24_5-USD	+0.0552%	1h	620.67	−0.031%	$464K	$1.5M	10x	as long as short
Binance AMDUSDT	+0.0553%	8h	620.75	−0.018%	$75.6M	$192.4M	25x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0573%	1h	620.52	−0.055%	$77K	$160K	10x	as long as short
Arcus AMD-USD	+0.0919%	1h	620.54	−0.052%	$145K	$264K	10x	as long as short