Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0281%/8h= +30.8% APRpaid last 24h +0.003%

Price spread now: ApeX Omni against KuCoin+0.106%67s7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$188as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1951.948% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 3 days (all we have)−0.146%−$15 · spread now +0.106%, 7d avg +0.052%

Together, before fees−0.080%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and ApeX Omni is 0.054% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.052%. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.065% in total (about 3.4% 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	KuCoin AMDUSDTM	622.17	0.0100	pay 0.0100% / 8h	6h 56m	$1.9M	$292K	20x
Short	ApeX Omni AMDUSDT	622.83	0.0381	get 0.0048% / 1h	56m 25s	$80K	$258K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now +0.106%Rate

Funding earned: $59.09
Price spread: +0.106% → +0.052%: $5.42
Slippage, 4 orders: −$172.78
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$130.27
Costs to cover: 1.948%
Break-even: 22.4 days

Slippage from KuCoin: live order book, 5 min ago; ApeX Omni: live order book, 10 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 KuCoin live order book, 5 min ago	7.46 bp	51.9 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 10 min ago	5.21 bp	10.2 bp −$10	10.3 bp −$103	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	−0.0107%	4h	623.67	+0.241%	$82K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	622.75	+0.093%	$1K	$8.5M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	622.20	+0.005%	$77K	$151K	10x	as long as short
Phemex AMDUSDT	0.0000%	8h	622.63	+0.074%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	622.19	+0.003%	$845K	$4.3M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.680%	$5K	$55K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	623.11	+0.151%	$145K	$265K	10x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	621.91	−0.042%	$25.2M	$93.3M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	621.87	−0.048%	$396K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	622.55	+0.061%	$26K	$24K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps AMD-USD.P	+0.0050%	1h	621.76	−0.066%	$1.5M	$4.3M	10x	as long as short
Vest AMD-USD-PERP	+0.0062%	1h	623.63	+0.235%	—	$924K	25x	as long as short
Lighter AMD	+0.0064%	1h	622.18	+0.002%	$531K	$2.3M	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	622.33	+0.026%	$2.2M	$12.7M	10x	as long as short
KuCoin AMDUSDTMlong	+0.0100%	8h	622.17	long leg	$1.9M	$292K	20x
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	622.72	+0.088%	$372	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	623.02	+0.137%	$300K	$1.8M	10x	as long as short
Gate AMD_USDT	+0.0158%	8h	622.39	+0.035%	$4.5M	$13.1M	50x	as long as short
Nado AMD-PERP	+0.0174%	1h	621.76	−0.066%	$318K	$176K	10x	as long as short
Phoenix AMD	+0.0219%	1h	623.14	+0.156%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0280%	1h	623.05	+0.141%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0285%	8h	622.06	−0.018%	$6.9M	$28.1M	25x	as long as short
ApeX Omni AMDUSDTshort	+0.0381%	1h	622.83	+0.106%	$80K	$258K	50x
HTX AMD-USDT	+0.0415%	8h	622.46	+0.047%	$132K	$580K	20x	as long as short
Aster AMDUSDT	+0.0430%	8h	622.20	+0.004%	$72K	$416K	50x	as long as short
Bitget AMDUSDT	+0.0688%	8h	622.41	+0.039%	$10.3M	$17.3M	20x	as long as short
Variational Omni AMD	+0.0750%	8h	623.66	+0.240%	$2.6M	$3.2M	—	as long as short
Extended AMD_24_5-USD	+0.0792%	1h	622.24	+0.010%	$463K	$1.9M	10x	as long as short
Binance AMDUSDT	+0.0794%	8h	622.33	+0.025%	$75.8M	$190.3M	25x	as long as short
BloFin AMD-USDT	+0.0802%	8h	622.94	+0.124%	$6K	$551K	20x	as long as short
GRVT AMD_USDT_Perp	+0.1437%	8h	623.69	+0.244%	$18K	$131K	10x	as long as short