Funding arb · Price arb /

AMD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.006%

Price spread now: Injective against SunX−1.367%61s7-day average — · you buy dearer than you sell

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

Long on SunX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.176%+$18 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Injective is 1.367% cheaper against SunX than usual: you would sell low and buy high (spread −1.367% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$137 on $10k: about 5 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.176% in total) that is about 54 days. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AMD-USDT	620.20	0	get 0.0000% / 8h	57m 37s	$1K	$9.0M	10x
Short	Injective AMD/USDC PERP	611.72	0.0033	get 0.0004% / 1h	57m 37s	$5K	$55K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −1.367%Rate

Funding earned: $7
Price spread: −1.367% → 0.000%: −$136.73
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$137.75
Costs to cover: 0.080%
Break-even: 144.8 days

Slippage unknown: SunX: live order book, 11 min ago; Injective: no order-book sample. 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 SunX live order book, 11 min ago	44.76 bp	126.7 bp −$127	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0469%	4h	619.98	−0.035%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	620.05	−0.024%	$4.4M	$13.5M	50x	as long as short
SunX AMD-USDTlong	0.0000%	8h	620.20	long leg	$1K	$9.0M	10x
HTX AMD-USDT	0.0000%	8h	619.99	−0.034%	$132K	$580K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.30	+0.016%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	619.70	−0.081%	$834K	$4.6M	10x	as long as short
Injective AMD/USDC PERPshort	+0.0033%	1h	611.72	−1.367%	$5K	$55K	12x
Vest AMD-USD-PERP	+0.0046%	1h	620.82	+0.100%	—	$950K	25x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.50	−0.113%	$1.5M	$4.8M	10x	as long as short
Polymarket Perps AMD-USD	+0.0075%	1h	619.88	−0.052%	$395K	$1.6M	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	619.90	−0.048%	$2.3M	$13.4M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0080%	1h	618.86	−0.216%	$311K	$1.8M	10x	as long as short
OKX AMD-USDT-SWAP	+0.0087%	8h	620.18	−0.003%	$6.8M	$28.6M	25x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	619.75	−0.073%	$1.9M	$315K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	620.00	−0.032%	$378	$6K	10x	as long as short
tradeXYZ xyz:AMD	+0.0124%	1h	619.52	−0.110%	$24.8M	$95.3M	10x	as long as short
Phoenix AMD	+0.0169%	1h	619.38	−0.132%	$2K	$91K	10x	as long as short
Lighter AMD	+0.0192%	1h	619.73	−0.076%	$533K	$2.5M	10x	as long as short
Aster AMDUSDT	+0.0196%	8h	619.44	−0.122%	$72K	$416K	50x	as long as short
ApeX Omni AMDUSDT	+0.0197%	1h	619.88	−0.052%	$80K	$259K	50x	as long as short
Aevo AMD-PERP	+0.0216%	1h	620.62	+0.068%	$11K	—	10x	as long as short
SoDEX AMD-USD	+0.0315%	1h	620.16	−0.006%	$25K	$24K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0471%	8h	619.91	−0.046%	$17K	$136K	10x	as long as short
Variational Omni AMD	+0.0475%	8h	619.92	−0.045%	$2.7M	$3.2M	—	as long as short
Nado AMD-PERP	+0.0476%	1h	619.31	−0.144%	$316K	$167K	10x	as long as short
Extended AMD_24_5-USD	+0.0528%	1h	620.02	−0.030%	$458K	$1.5M	10x	as long as short
Binance AMDUSDT	+0.0530%	8h	620.12	−0.013%	$75.6M	$192.2M	25x	as long as short
Bitget AMDUSDT	+0.0532%	8h	620.08	−0.019%	$10.1M	$18.1M	20x	as long as short
BloFin AMD-USDT	+0.0554%	8h	620.12	−0.013%	$6K	$544K	20x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0767%	1h	619.99	−0.034%	$77K	$163K	10x	as long as short
Arcus AMD-USD	+0.0919%	1h	619.93	−0.044%	$145K	$265K	10x	as long as short