Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0592%/8h= −64.8% APRpaid last 24h −0.149%

Price spread now: SunX against Arcus+0.119%7-day average +0.051% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$265as in the Price arb table

costs, in and out, $10k−$2722.721% of the position

Long on Arcus Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.228%−$23 on $10k

Price spread, last 4 days (all we have)−0.114%−$11 · spread now +0.119%, 7d avg +0.051%

Together, before fees−0.343%−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.068% dearer against Arcus than usual: you sell high and buy low (spread +0.119% now, against its 7-day average of +0.051%): +$7 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 4 days (−0.228% in total) that is about 28 hours.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.228% in total (about -21.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AMD-USD	612.13	0.0592	pay 0.0074% / 1h	27m 36s	$121K	$212K	10x
Short	SunX AMD-USDT	612.86	0	get 0.0000% / 8h	5h 27m	$2K	$6.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Arcus. 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 ArcusbpFee SunXbpOrdersPrice spread, now +0.119%Rate

Funding earned: −$124.27
Price spread: +0.119% → +0.051%: $6.84
Slippage, 4 orders: −$259.58
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$389.5
Costs to cover: 2.721%
Break-even: never at this rate

Slippage from Arcus: live order book, 19 min ago; SunX: live order book, 4 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 Arcus live order book, 19 min ago	3.51 bp	5.9 bp −$6	8.6 bp −$86	12.9 bp −$1,288	doesn't fit
Sell SunX live order book, 4 min ago	44.68 bp	132.3 bp −$132	doesn't fit	doesn't fit	doesn't fit

AMD on 31 exchanges

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	−0.0939%	4h	612.58	+0.073%	$74K	$1.6M	10x	as long as short
Injective AMD/USDC PERP	−0.0220%	1h	548.57	−10.383%	$2K	$58K	12x	as long as short
Bitget AMDUSDT	0.0000%	8h	612.74	+0.100%	$10.3M	$16.1M	20x	as long as short
SunX AMD-USDTshort	0.0000%	8h	612.86	+0.119%	$2K	$6.6M	10x
HTX AMD-USDT	0.0000%	8h	612.37	+0.039%	$89K	$689K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	612.68	+0.090%	$1.7M	$465K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	611.95	−0.029%	$783K	$4.5M	10x	as long as short
Aster AMDUSDT	+0.0038%	8h	612.78	+0.106%	$72K	$414K	50x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	612.93	+0.131%	—	$923K	25x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	611.93	−0.033%	$21.3M	$95.6M	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AMD-USD	+0.0050%	1h	612.16	+0.005%	$394K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	612.38	+0.041%	$25K	$19K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	611.71	−0.069%	$1.4M	$5.3M	10x	as long as short
Lighter AMD	+0.0056%	1h	612.11	−0.003%	$511K	$2.3M	10x	as long as short
QFEX AMD-USD	+0.0077%	1h	612.33	+0.033%	$2.0M	$11.3M	10x	as long as short
Gate AMD_USDT	+0.0088%	8h	612.83	+0.114%	$4.7M	$14.8M	50x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	612.21	+0.013%	$1.9M	$470K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	612.32	+0.031%	$79K	$253K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	612.31	+0.029%	$366	$2K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0113%	8h	612.62	+0.080%	$6.9M	$30.1M	25x	as long as short
Nado AMD-PERP	+0.0129%	1h	611.77	−0.058%	$251K	$243K	10x	as long as short
Phoenix AMD	+0.0130%	1h	611.92	−0.034%	$2K	$74K	10x	as long as short
Aevo AMD-PERP	+0.0168%	1h	612.26	+0.021%	$11K	—	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0184%	1h	611.83	−0.049%	$294K	$1.7M	10x	as long as short
Variational Omni AMD	+0.0275%	8h	612.28	+0.024%	$1.9M	$3.9M	—	as long as short
BloFin AMD-USDT	+0.0333%	8h	612.76	+0.103%	$7K	$568K	20x	as long as short
Extended AMD_24_5-USD	+0.0352%	1h	612.39	+0.043%	$462K	$3.4M	10x	as long as short
Binance AMDUSDT	+0.0355%	8h	612.60	+0.077%	$72.8M	$194.6M	25x	as long as short
GRVT AMD_USDT_Perp	+0.0492%	8h	612.18	+0.009%	$21K	$210K	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0518%	1h	612.21	+0.013%	$67K	$145K	10x	as long as short
Arcus AMD-USDlong	+0.0592%	1h	612.13	long leg	$121K	$212K	10x