Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0925%/8h= +101.3% APRpaid last 24h +0.022%

Price spread now: tradeXYZ against Phemex−0.140%48s7-day average −0.073% · you buy dearer than you sell

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

Long on Phemex Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.140%+$14 on $10k

Price spread, last 3 days (all we have)+0.193%+$19 · spread now −0.140%, 7d avg −0.073%

Together, before fees+0.333%+ Points / potential airdroptradeXYZ: Active · farm board+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.067% cheaper against Phemex than usual: you would sell low and buy high (spread −0.140% now, against its 7-day average of −0.073%). If the spread goes back, that is −$7 on $10k: about 6 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.140% in total) that is about 3.3 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.140% in total (about 7.3% 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	Phemex AMDUSDT	623.18	0	get 0.0000% / 8h	7h 52m	$1.8M	$460K	10x
Short	tradeXYZ xyz:AMD	622.31	0.0925	get 0.0116% / 1h	52m 29s	$25.0M	$93.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.140%Rate

Funding earned: $194.21
Price spread: −0.140% → −0.073%: −$6.68
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $157.53
Costs to cover: 0.300%
Break-even: 1.3 days

Slippage unknown: Phemex: live order book, 1 min ago; tradeXYZ: live order book, 7 min ago. 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, 1 min ago	20.02 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	0.16 bp	9.2 bp −$9	9.4 bp −$94	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	−0.0701%	4h	622.81	−0.060%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	623.10	−0.013%	$2K	$8.8M	10x	as long as short
Phemex AMDUSDTlong	0.0000%	8h	623.18	long leg	$1.8M	$460K	10x
Lighter RH AMD	+0.0032%	1h	622.26	−0.148%	$854K	$4.3M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.839%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	623.57	+0.063%	—	$924K	25x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	622.40	−0.125%	$1.5M	$4.7M	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	622.82	−0.058%	$2.3M	$13.5M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	622.30	−0.141%	$1.9M	$313K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	622.78	−0.064%	$80K	$259K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	622.86	−0.051%	$380	$6K	10x	as long as short
Lighter AMD	+0.0104%	1h	622.34	−0.135%	$535K	$2.3M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0112%	1h	622.59	−0.095%	$312K	$1.8M	10x	as long as short
OKX AMD-USDT-SWAP	+0.0200%	8h	622.74	−0.071%	$6.9M	$28.4M	25x	as long as short
Phoenix AMD	+0.0219%	1h	622.53	−0.104%	$2K	$92K	10x	as long as short
Aevo AMD-PERP	+0.0224%	1h	621.72	−0.234%	$11K	—	10x	as long as short
Aster AMDUSDT	+0.0235%	8h	621.64	−0.248%	$72K	$416K	50x	as long as short
Gate AMD_USDT	+0.0309%	8h	623.04	−0.022%	$4.5M	$13.2M	50x	as long as short
Nado AMD-PERP	+0.0410%	1h	621.71	−0.237%	$318K	$166K	10x	as long as short
HTX AMD-USDT	+0.0457%	8h	622.93	−0.040%	$132K	$579K	20x	as long as short
Variational Omni AMD	+0.0513%	8h	622.74	−0.070%	$2.6M	$3.2M	—	as long as short
Binance AMDUSDT	+0.0575%	8h	623.12	−0.010%	$75.9M	$191.7M	25x	as long as short
Extended AMD_24_5-USD	+0.0576%	1h	622.85	−0.053%	$464K	$1.6M	10x	as long as short
BloFin AMD-USDT	+0.0594%	8h	623.19	+0.002%	$6K	$548K	20x	as long as short
Bitget AMDUSDT	+0.0612%	8h	623.02	−0.026%	$10.1M	$17.6M	20x	as long as short
SoDEX AMD-USD	+0.0716%	1h	622.80	−0.061%	$26K	$24K	10x	as long as short
Arcus AMD-USD	+0.0782%	1h	622.69	−0.079%	$144K	$265K	10x	as long as short
tradeXYZ xyz:AMDshort	+0.0925%	1h	622.31	−0.140%	$25.0M	$93.1M	10x
Deribit AMD_USDC-PERPETUAL	+0.0940%	1h	622.80	−0.061%	$78K	$151K	10x	as long as short
Polymarket Perps AMD-USD	+0.0961%	1h	622.76	−0.067%	$397K	$1.5M	10x	as long as short
GRVT AMD_USDT_Perp	+0.1240%	8h	623.24	+0.009%	$17K	$132K	10x	as long as short