Funding arb · Price arb /

AMD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0919%/8h= +100.6% APRpaid last 24h +0.133%

Price spread now: Arcus against SunX−0.039%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$270as in the Price arb table

costs, in and out, $10k−$2722.715% of the position

Long on SunX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.195%+$20 on $10k

Price spread, last 3 days (all we have)+0.026%+$3 · spread now −0.039%, 7d avg −0.056%

Together, before fees+0.221%+$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.056%, so right now this pair is about funding alone: +$28 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.195% in total (about 20.9% 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	SunX AMD-USDT	620.60	0	get 0.0000% / 8h	7m 32s	$2K	$8.9M	10x
Short	Arcus AMD-USD	620.36	0.0919	get 0.0115% / 1h	7m 32s	$145K	$264K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against SunX. 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 SunXbpFee ArcusbpOrdersPrice spread, now −0.039%Rate

Funding earned: $192.89
Price spread: −0.039% → −0.056%: $1.77
Slippage, 4 orders: −$259.04
Fee SunX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$76.87
Costs to cover: 2.715%
Break-even: 9.8 days

Slippage from SunX: live order book, 11 min ago; Arcus: live order book, 6 min ago.

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 SunX live order book, 11 min ago	44.56 bp	127.2 bp −$127	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 6 min ago	3.71 bp	7.3 bp −$7	7.8 bp −$78	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	−0.0602%	4h	620.36	−0.039%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	620.88	+0.045%	$4.4M	$13.7M	50x	as long as short
SunX AMD-USDTlong	0.0000%	8h	620.60	long leg	$2K	$8.9M	10x
HTX AMD-USDT	0.0000%	8h	620.41	−0.031%	$132K	$579K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.89	+0.047%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	620.26	−0.055%	$837K	$4.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.431%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	621.57	+0.156%	—	$950K	25x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	620.29	−0.050%	$395K	$1.6M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.92	−0.110%	$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
SoDEX AMD-USD	+0.0078%	1h	620.59	−0.002%	$25K	$24K	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	620.42	−0.029%	$2.3M	$13.6M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0080%	1h	620.38	−0.035%	$311K	$1.8M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.31	−0.047%	$1.9M	$313K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	620.31	−0.047%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	620.49	−0.018%	$378	$6K	10x	as long as short
tradeXYZ xyz:AMD	+0.0123%	1h	620.17	−0.069%	$24.9M	$94.4M	10x	as long as short
Lighter AMD	+0.0128%	1h	620.30	−0.048%	$528K	$2.5M	10x	as long as short
OKX AMD-USDT-SWAP	+0.0162%	8h	620.45	−0.024%	$6.8M	$28.6M	25x	as long as short
Aster AMDUSDT	+0.0202%	8h	620.58	−0.004%	$72K	$416K	50x	as long as short
Phoenix AMD	+0.0207%	1h	619.69	−0.147%	$2K	$92K	10x	as long as short
Aevo AMD-PERP	+0.0216%	1h	620.96	+0.059%	$11K	—	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0427%	1h	620.42	−0.029%	$77K	$162K	10x	as long as short
Nado AMD-PERP	+0.0449%	1h	620.09	−0.082%	$318K	$167K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0468%	8h	620.44	−0.026%	$18K	$133K	10x	as long as short
Variational Omni AMD	+0.0493%	8h	620.28	−0.052%	$2.7M	$3.2M	—	as long as short
BloFin AMD-USDT	+0.0527%	8h	620.57	−0.005%	$6K	$546K	20x	as long as short
Bitget AMDUSDT	+0.0538%	8h	620.71	+0.018%	$10.1M	$18.0M	20x	as long as short
Binance AMDUSDT	+0.0542%	8h	620.40	−0.032%	$75.5M	$192.5M	25x	as long as short
Extended AMD_24_5-USD	+0.0544%	1h	620.44	−0.026%	$464K	$1.5M	10x	as long as short
Arcus AMD-USDshort	+0.0919%	1h	620.36	−0.039%	$145K	$264K	10x