Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h +0.069%

Price spread now: Binance against Phoenix−0.193%75s7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 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. Binance is 0.193% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.193% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 7.8 days of funding at the current rate (+$2 a day). The two prices were read 75 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	Phoenix AMD	606.22	0.0118	pay 0.0015% / 1h	30m 09s	$2K	$90K	10x
Short	Binance AMDUSDT	605.05	0.0200	get 0.0200% / 8h	7h 30m	$71.3M	$205.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Phoenix. 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 PhoenixbpFee BinancebpOrdersPrice spread, now −0.193%Rate

Funding earned: $17.24
Price spread: −0.193% → 0.000%: −$19.3
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$19.06
Costs to cover: 0.170%
Break-even: 14.7 days

Slippage unknown: Phoenix: no order-book sample; Binance: live order book, 13 min ago. 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 Phoenix no order-book sample	—	—	—	—	—
Sell Binance live order book, 13 min ago	0.16 bp	6.2 bp −$6	13.7 bp −$137	49.4 bp −$4,944	doesn't fit

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	−0.0352%	4h	606.29	+0.011%	$71K	$1.7M	10x	as long as short
Injective AMD/USDC PERP	−0.0220%	1h	551.13	−9.087%	$2K	$59K	12x	as long as short
Bitget AMDUSDT	−0.0087%	8h	605.05	−0.193%	$10.0M	$16.6M	20x	as long as short
Aster AMDUSDT	0.0000%	8h	605.11	−0.183%	$69K	$416K	50x	as long as short
Gate AMD_USDT	0.0000%	8h	604.95	−0.209%	$4.6M	$14.6M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	604.98	−0.205%	$2K	$7.8M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	604.44	−0.294%	$75K	$152K	10x	as long as short
HTX AMD-USDT	0.0000%	8h	605.76	−0.076%	$101K	$652K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	604.99	−0.203%	$1.7M	$465K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	604.67	−0.256%	$786K	$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
Lighter AMD	+0.0040%	1h	604.69	−0.252%	$518K	$2.5M	10x	as long as short
Arcus AMD-USD	+0.0040%	1h	605.12	−0.181%	$121K	$285K	10x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	605.21	−0.167%	—	$924K	25x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	604.56	−0.274%	$21.0M	$97.4M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	604.59	−0.269%	$389K	$1.6M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	605.37	−0.140%	$25K	$20K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	604.31	−0.315%	$1.4M	$5.3M	10x	as long as short
OKX AMD-USDT-SWAP	+0.0061%	8h	604.87	−0.223%	$6.6M	$29.3M	25x	as long as short
QFEX AMD-USD	+0.0076%	1h	605.02	−0.198%	$2.0M	$11.4M	10x	as long as short
Nado AMD-PERP	+0.0079%	1h	604.74	−0.244%	$248K	$242K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0080%	8h	607.11	+0.147%	$19K	$185K	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	604.99	−0.203%	$1.8M	$346K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	605.77	−0.074%	$78K	$254K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	605.10	−0.185%	$362	$6K	10x	as long as short
Phoenix AMDlong	+0.0118%	1h	606.22	long leg	$2K	$90K	10x
Aevo AMD-PERP	+0.0128%	1h	604.95	−0.210%	$11K	—	10x	as long as short
Variational Omni AMD	+0.0130%	8h	605.91	−0.052%	$2.0M	$3.8M	—	as long as short
Coinbase International AMD-PERP-INTX	+0.0152%	1h	605.35	−0.144%	$307K	$1.8M	10x	as long as short
Binance AMDUSDTshort	+0.0200%	8h	605.05	−0.193%	$71.3M	$205.9M	25x
Extended AMD_24_5-USD	+0.0200%	1h	604.97	−0.206%	$455K	$3.4M	10x	as long as short
BloFin AMD-USDT	+0.0209%	8h	605.93	−0.048%	$6K	$546K	20x	as long as short