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: Gate against Phoenix+0.089%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 Gate

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

The price spread pays, funding is against you. Gate is 0.089% dearer against Phoenix than usual: you sell high and buy low (spread +0.089% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix AMD	620.01	0.0207	pay 0.0026% / 1h	33m 04s	$2K	$92K	10x
Short	Gate AMD_USDT	620.56	0	get 0.0000% / 8h	33m 04s	$4.4M	$13.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.089%Rate

Funding earned: −$43.39
Price spread: +0.089% → 0.000%: $8.87
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$56.52
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Gate: live order book, just now. 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 Gate live order book, just now	0.64 bp	11.3 bp −$11	46.9 bp −$469	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 AMDUSDC	−0.0554%	4h	620.45	+0.071%	$81K	$1.6M	10x	as long as short
Gate AMD_USDTshort	0.0000%	8h	620.56	+0.089%	$4.4M	$13.6M	50x
SunX AMD-USDT	0.0000%	8h	620.43	+0.068%	$2K	$9.0M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.20	+0.031%	$132K	$581K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.47	+0.074%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	620.03	+0.003%	$835K	$4.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.337%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	621.23	+0.197%	—	$950K	25x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	620.00	−0.002%	$395K	$1.6M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.60	−0.066%	$1.5M	$4.8M	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	620.23	+0.035%	$2.3M	$13.5M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0080%	1h	619.63	−0.061%	$312K	$1.8M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.06	+0.008%	$1.9M	$314K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	620.20	+0.031%	$378	$6K	10x	as long as short
tradeXYZ xyz:AMD	+0.0122%	1h	619.91	−0.016%	$24.8M	$94.6M	10x	as long as short
ApeX Omni AMDUSDT	+0.0129%	1h	620.18	+0.027%	$80K	$259K	50x	as long as short
SoDEX AMD-USD	+0.0132%	1h	620.31	+0.048%	$25K	$24K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0138%	8h	620.26	+0.040%	$6.8M	$28.6M	25x	as long as short
Lighter AMD	+0.0184%	1h	620.12	+0.018%	$525K	$2.5M	10x	as long as short
Phoenix AMDlong	+0.0207%	1h	620.01	long leg	$2K	$92K	10x
Aster AMDUSDT	+0.0215%	8h	620.33	+0.052%	$72K	$416K	50x	as long as short
Aevo AMD-PERP	+0.0216%	1h	620.64	+0.102%	$11K	—	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0379%	1h	620.04	+0.005%	$77K	$163K	10x	as long as short
Nado AMD-PERP	+0.0488%	1h	619.80	−0.034%	$317K	$167K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0490%	8h	620.50	+0.080%	$17K	$134K	10x	as long as short
Variational Omni AMD	+0.0500%	8h	620.42	+0.067%	$2.7M	$3.2M	—	as long as short
Bitget AMDUSDT	+0.0544%	8h	620.27	+0.042%	$10.1M	$18.0M	20x	as long as short
Binance AMDUSDT	+0.0548%	8h	620.37	+0.058%	$75.6M	$192.4M	25x	as long as short
Extended AMD_24_5-USD	+0.0552%	1h	620.19	+0.029%	$464K	$1.5M	10x	as long as short
BloFin AMD-USDT	+0.0569%	8h	620.45	+0.071%	$6K	$545K	20x	as long as short
Arcus AMD-USD	+0.0919%	1h	620.21	+0.032%	$145K	$265K	10x	as long as short