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: Phoenix against SunX−0.147%69s7-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 Phoenix

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

Funding pays, the price is against you. Phoenix is 0.147% cheaper against SunX than usual: you would sell low and buy high (spread −0.147% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 2.4 days of funding at the current rate (+$6 a day). The two prices were read 69 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	620.60	0	get 0.0000% / 8h	7m 54s	$2K	$8.9M	10x
Short	Phoenix AMD	619.69	0.0207	get 0.0026% / 1h	7m 54s	$2K	$92K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.147%Rate

Funding earned: $43.39
Price spread: −0.147% → 0.000%: −$14.66
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $13.73
Costs to cover: 0.150%
Break-even: 4.8 days

Slippage unknown: SunX: live order book, 11 min ago; Phoenix: 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	44.56 bp	127.2 bp −$127	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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	−0.0480%	4h	620.04	−0.090%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	620.93	+0.053%	$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	620.31	−0.047%	$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	620.00	−0.097%	$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	620.50	−0.016%	$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	620.35	−0.040%	$1.9M	$313K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	620.05	−0.089%	$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	620.28	−0.052%	$24.9M	$94.4M	10x	as long as short
Lighter AMD	+0.0128%	1h	620.37	−0.037%	$528K	$2.5M	10x	as long as short
OKX AMD-USDT-SWAP	+0.0162%	8h	620.57	−0.005%	$6.8M	$28.6M	25x	as long as short
Aster AMDUSDT	+0.0201%	8h	620.63	+0.005%	$72K	$416K	50x	as long as short
Phoenix AMDshort	+0.0207%	1h	619.69	−0.147%	$2K	$92K	10x
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	+0.0470%	8h	620.37	−0.036%	$17K	$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	+0.0537%	8h	620.75	+0.024%	$10.1M	$18.0M	20x	as long as short
Binance AMDUSDT	+0.0541%	8h	620.82	+0.036%	$75.6M	$192.5M	25x	as long as short
Extended AMD_24_5-USD	+0.0544%	1h	620.70	+0.016%	$464K	$1.5M	10x	as long as short
Arcus AMD-USD	+0.0919%	1h	620.48	−0.019%	$145K	$264K	10x	as long as short