Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0336%/8h= −36.8% APRpaid last 24h −0.112%

Price spread now: edgeX against Phoenix+0.051%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.228%−$23 on $10k

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

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. edgeX is 0.051% dearer against Phoenix than usual: you sell high and buy low (spread +0.051% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.228% in total) that is about 38 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.228% in total (about -11.9% 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	Phoenix AMD	622.87	0.0219	pay 0.0027% / 1h	38m 59s	$2K	$92K	10x
Short	edgeX AMDUSDC	623.19	−0.0117	pay 0.0059% / 4h	3h 38m	$82K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Phoenix. 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 PhoenixbpFee edgeXbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$70.65
Price spread: +0.051% → 0.000%: $5.09
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$81.56
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; edgeX: live order book, 5 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 Phoenix no order-book sample	—	—	—	—	—
Sell edgeX live order book, 5 min ago	10.35 bp	18.3 bp −$18	37.0 bp −$370	doesn't fit	doesn't fit

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 AMDUSDCshort	−0.0117%	4h	623.19	+0.051%	$82K	$1.6M	10x
SunX AMD-USDT	0.0000%	8h	622.64	−0.037%	$2K	$8.7M	10x	as long as short
Phemex AMDUSDT	0.0000%	8h	622.60	−0.043%	$1.8M	$459K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	621.92	−0.153%	$854K	$4.3M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.790%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0049%	1h	623.64	+0.124%	—	$926K	25x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	621.63	−0.199%	$1.5M	$4.3M	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	622.78	−0.014%	$2.3M	$13.3M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	622.02	−0.136%	$1.9M	$313K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	622.60	−0.043%	$372	$6K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AMD-PERP-INTX	+0.0112%	1h	623.04	+0.027%	$312K	$1.8M	10x	as long as short
Lighter AMD	+0.0168%	1h	622.12	−0.120%	$539K	$2.3M	10x	as long as short
Phoenix AMDlong	+0.0219%	1h	622.87	long leg	$2K	$92K	10x
OKX AMD-USDT-SWAP	+0.0230%	8h	622.39	−0.077%	$6.9M	$28.4M	25x	as long as short
Aevo AMD-PERP	+0.0240%	1h	622.74	−0.021%	$11K	—	10x	as long as short
Gate AMD_USDT	+0.0249%	8h	622.61	−0.042%	$4.5M	$13.4M	50x	as long as short
Aster AMDUSDT	+0.0293%	8h	621.46	−0.226%	$72K	$416K	50x	as long as short
SoDEX AMD-USD	+0.0342%	1h	622.39	−0.077%	$26K	$24K	10x	as long as short
tradeXYZ xyz:AMD	+0.0406%	1h	621.74	−0.181%	$25.0M	$93.2M	10x	as long as short
Polymarket Perps AMD-USD	+0.0417%	1h	622.34	−0.085%	$397K	$1.5M	10x	as long as short
Nado AMD-PERP	+0.0425%	1h	622.10	−0.124%	$319K	$171K	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0490%	1h	622.13	−0.119%	$77K	$151K	10x	as long as short
ApeX Omni AMDUSDT	+0.0498%	1h	622.80	−0.011%	$80K	$258K	50x	as long as short
Variational Omni AMD	+0.0591%	8h	623.20	+0.054%	$2.6M	$3.2M	—	as long as short
HTX AMD-USDT	+0.0625%	8h	622.40	−0.075%	$132K	$579K	20x	as long as short
Extended AMD_24_5-USD	+0.0640%	1h	622.39	−0.077%	$466K	$2.2M	10x	as long as short
Binance AMDUSDT	+0.0644%	8h	622.54	−0.052%	$75.9M	$191.5M	25x	as long as short
BloFin AMD-USDT	+0.0665%	8h	622.66	−0.034%	$6K	$550K	20x	as long as short
Bitget AMDUSDT	+0.0746%	8h	622.67	−0.032%	$10.2M	$17.6M	20x	as long as short
Arcus AMD-USD	+0.0782%	1h	623.20	+0.053%	$145K	$265K	10x	as long as short
GRVT AMD_USDT_Perp	+0.1770%	8h	623.46	+0.094%	$18K	$131K	10x	as long as short