Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.030%

Price spread now: SoDEX against Phemex−0.122%57s7-day average — · you buy dearer than you sell

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

Long on Phemex Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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. SoDEX is 0.122% cheaper against Phemex than usual: you would sell low and buy high (spread −0.122% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 8.1 days of funding at the current rate (+$2 a day). The two prices were read 57 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	Phemex AMDUSDT	607.50	0	get 0.0000% / 8h	7h 36m	$1.7M	$465K	10x
Short	SoDEX AMD-USD	606.76	0.0050	get 0.0006% / 1h	36m 19s	$25K	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Phemex. 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 PhemexbpFee SoDEXbpOrdersPrice spread, now −0.122%Rate

Funding earned: $10.5
Price spread: −0.122% → 0.000%: −$12.18
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$21.68
Costs to cover: 0.200%
Break-even: 21.5 days

Slippage unknown: Phemex: live order book, 2 min ago; SoDEX: 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 Phemex live order book, 2 min ago	2.88 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.0789%	4h	607.76	+0.043%	$72K	$1.7M	10x	as long as short
Injective AMD/USDC PERP	−0.0220%	1h	551.13	−9.279%	$2K	$59K	12x	as long as short
Bitget AMDUSDT	−0.0120%	8h	606.67	−0.137%	$10.0M	$16.6M	20x	as long as short
Aster AMDUSDT	0.0000%	8h	606.77	−0.120%	$69K	$416K	50x	as long as short
Gate AMD_USDT	0.0000%	8h	606.73	−0.127%	$4.5M	$14.4M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	606.74	−0.125%	$2K	$7.9M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	607.46	−0.007%	$101K	$653K	20x	as long as short
Phemex AMDUSDTlong	0.0000%	8h	607.50	long leg	$1.7M	$465K	10x
GRVT AMD_USDT_Perp	+0.0011%	8h	607.85	+0.058%	$19K	$185K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	606.38	−0.184%	$793K	$4.7M	10x	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	606.51	−0.163%	$121K	$284K	10x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	606.84	−0.109%	—	$924K	25x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	606.25	−0.206%	$21.1M	$97.3M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	605.95	−0.255%	$390K	$1.6M	10x	as long as short
SoDEX AMD-USDshort	+0.0050%	1h	606.76	−0.122%	$25K	$20K	10x
Ondo Perps AMD-USD.P	+0.0050%	1h	606.69	−0.133%	$1.4M	$5.4M	10x	as long as short
Lighter AMD	+0.0056%	1h	606.32	−0.194%	$519K	$2.5M	10x	as long as short
OKX AMD-USDT-SWAP	+0.0065%	8h	606.59	−0.150%	$6.6M	$29.3M	25x	as long as short
QFEX AMD-USD	+0.0076%	1h	606.74	−0.125%	$2.0M	$11.4M	10x	as long as short
Nado AMD-PERP	+0.0084%	1h	606.20	−0.213%	$252K	$240K	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	606.49	−0.166%	$1.8M	$339K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	607.33	−0.028%	$79K	$254K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	606.59	−0.150%	$363	$6K	10x	as long as short
Phoenix AMD	+0.0118%	1h	607.19	−0.051%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0136%	1h	606.57	−0.154%	$11K	—	10x	as long as short
Variational Omni AMD	+0.0140%	8h	608.06	+0.092%	$2.0M	$3.8M	—	as long as short
Coinbase International AMD-PERP-INTX	+0.0152%	1h	607.55	+0.008%	$306K	$1.8M	10x	as long as short
BloFin AMD-USDT	+0.0203%	8h	607.59	+0.015%	$6K	$548K	20x	as long as short
Extended AMD_24_5-USD	+0.0208%	1h	606.46	−0.171%	$455K	$3.4M	10x	as long as short
Binance AMDUSDT	+0.0212%	8h	606.63	−0.143%	$71.5M	$205.6M	25x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0311%	1h	606.06	−0.237%	$75K	$152K	10x	as long as short