Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0554%/8h= +60.7% APRpaid last 24h +0.051%

Price spread now: GRVT against Phoenix+0.079%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 GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$9 on $10k

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

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

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and GRVT is 0.079% dearer against Phoenix than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.095%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.095% in total (about -4.9% 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	619.51	0.0244	pay 0.0030% / 1h	5m 47s	$2K	$90K	10x
Short	GRVT AMD_USDT_Perp	620.00	0.0798	get 0.0798% / 8h	6h 05m	$17K	$134K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.079%Rate

Funding earned: $116.37
Price spread: +0.079% → 0.000%: $7.92
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $108.28
Costs to cover: 0.160%
Break-even: 0.5 days

Slippage unknown: Phoenix: no order-book sample; GRVT: live order book, 61 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 GRVT live order book, 61 min ago	0.24 bp	7.1 bp −$7	13.9 bp −$139	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 30 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	−0.0368%	4h	619.94	+0.070%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	620.67	+0.187%	$1K	$8.4M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.74	+0.199%	$121K	$596K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.31	+0.129%	$1.8M	$460K	10x	as long as short
Gate AMD_USDT	+0.0012%	8h	620.85	+0.216%	$4.5M	$13.4M	50x	as long as short
Lighter RH AMD	+0.0032%	1h	620.39	+0.142%	$851K	$4.4M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.257%	$5K	$55K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	620.56	+0.169%	$144K	$263K	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	620.39	+0.142%	$398K	$1.5M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.81	+0.048%	$1.5M	$4.2M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMD-USD-PERP	+0.0059%	1h	621.60	+0.337%	—	$923K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	620.66	+0.186%	$2.2M	$12.3M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.16	+0.105%	$1.9M	$287K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	619.61	+0.016%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	620.79	+0.207%	$371	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	619.72	+0.034%	$305K	$1.8M	10x	as long as short
tradeXYZ xyz:AMD	+0.0159%	1h	620.26	+0.121%	$25.0M	$93.5M	10x	as long as short
Lighter AMD	+0.0168%	1h	620.44	+0.150%	$549K	$2.4M	10x	as long as short
SoDEX AMD-USD	+0.0184%	1h	620.80	+0.208%	$25K	$24K	10x	as long as short
Bitget AMDUSDT	+0.0234%	8h	620.96	+0.234%	$10.3M	$17.1M	20x	as long as short
Phoenix AMDlong	+0.0244%	1h	619.51	long leg	$2K	$90K	10x
Aevo AMD-PERP	+0.0280%	1h	621.16	+0.266%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0284%	8h	620.42	+0.147%	$6.9M	$28.0M	25x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0379%	1h	620.38	+0.140%	$77K	$151K	10x	as long as short
Nado AMD-PERP	+0.0402%	1h	620.06	+0.089%	$268K	$208K	10x	as long as short
Aster AMDUSDT	+0.0407%	8h	620.82	+0.211%	$72K	$413K	50x	as long as short
Variational Omni AMD	+0.0723%	8h	620.91	+0.225%	$2.6M	$3.3M	—	as long as short
Binance AMDUSDT	+0.0781%	8h	620.87	+0.219%	$75.5M	$190.3M	25x	as long as short
Extended AMD_24_5-USD	+0.0784%	1h	620.63	+0.181%	$463K	$1.9M	10x	as long as short
GRVT AMD_USDT_Perpshort	+0.0798%	8h	620.00	+0.079%	$17K	$134K	10x