Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.008%

Price spread now: Phoenix against KuCoin−0.115%63s7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$6 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 0.115% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.115% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 9.3 days of funding at the current rate (+$1 a day). The two prices were read 63 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	KuCoin AMDUSDTM	616.32	0.0100	pay 0.0100% / 8h	3h 06m	$1.9M	$295K	20x
Short	Phoenix AMD	615.61	0.0141	get 0.0018% / 1h	6m 21s	$2K	$90K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.115%Rate

Funding earned: $8.69
Price spread: −0.115% → 0.000%: −$11.52
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$21.83
Costs to cover: 0.190%
Break-even: 24.6 days

Slippage unknown: KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	6.09 bp	65.7 bp −$66	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	−0.0208%	4h	615.22	−0.178%	$77K	$1.7M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	616.88	+0.091%	$4.5M	$13.9M	50x	as long as short
Bitget AMDUSDT	0.0000%	8h	616.83	+0.083%	$10.2M	$17.1M	20x	as long as short
SunX AMD-USDT	0.0000%	8h	616.55	+0.037%	$1K	$8.2M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	616.18	−0.023%	$77K	$151K	10x	as long as short
HTX AMD-USDT	0.0000%	8h	615.79	−0.086%	$116K	$622K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	615.89	−0.070%	$1.7M	$461K	10x	as long as short
Lighter AMD	+0.0032%	1h	616.28	−0.006%	$526K	$2.6M	10x	as long as short
Lighter RH AMD	+0.0032%	1h	616.29	−0.005%	$791K	$4.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	619.05	+0.443%	$2K	$57K	12x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMD-USD	+0.0040%	1h	615.48	−0.136%	$140K	$269K	10x	as long as short
QFEX AMD-USD	+0.0049%	1h	616.30	−0.003%	$2.1M	$11.5M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	616.28	−0.006%	$395K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	616.28	−0.006%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	615.94	−0.062%	$1.3M	$4.8M	10x	as long as short
Vest AMD-USD-PERP	+0.0051%	1h	617.28	+0.156%	—	$924K	25x	as long as short
Nado AMD-PERP	+0.0053%	1h	616.06	−0.042%	$257K	$238K	10x	as long as short
tradeXYZ xyz:AMD	+0.0082%	1h	616.28	−0.006%	$23.2M	$94.6M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0088%	1h	614.72	−0.260%	$315K	$1.8M	10x	as long as short
KuCoin AMDUSDTMlong	+0.0100%	8h	616.32	long leg	$1.9M	$295K	20x
ApeX Omni AMDUSDT	+0.0100%	1h	614.44	−0.305%	$79K	$257K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	616.40	+0.013%	$369	$6K	10x	as long as short
Aster AMDUSDT	+0.0114%	8h	616.66	+0.056%	$69K	$415K	50x	as long as short
Phoenix AMDshort	+0.0141%	1h	615.61	−0.115%	$2K	$90K	10x
OKX AMD-USDT-SWAP	+0.0169%	8h	616.47	+0.024%	$6.6M	$28.5M	25x	as long as short
GRVT AMD_USDT_Perp	+0.0175%	8h	615.19	−0.183%	$19K	$162K	10x	as long as short
Aevo AMD-PERP	+0.0192%	1h	616.65	+0.054%	$11K	—	10x	as long as short
Variational Omni AMD	+0.0391%	8h	615.37	−0.154%	$2.5M	$3.3M	—	as long as short
Extended AMD_24_5-USD	+0.0448%	1h	616.52	+0.032%	$459K	$2.6M	10x	as long as short
Binance AMDUSDT	+0.0448%	8h	616.68	+0.058%	$71.5M	$198.8M	25x	as long as short
BloFin AMD-USDT	+0.0473%	8h	615.85	−0.076%	$6K	$546K	20x	as long as short