Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0306%/8h= −33.5% APRpaid last 24h −0.073%

Price spread now: Phoenix against Variational Omni−0.302%99s7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Phoenix is 0.302% cheaper against Variational Omni than usual: you would sell low and buy high (−$30 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 99 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	Variational Omni AMD	622.74	0.0513	pay 0.0513% / 8h	7h 55m	$2.6M	$3.2M	—
Short	Phoenix AMD	620.86	0.0207	get 0.0026% / 1h	55m 46s	$2K	$92K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Variational Omni. 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 Variational OmnibpFee PhoenixbpOrdersPrice spread, now −0.302%Rate

Funding earned: −$64.32
Price spread: −0.302% → 0.000%: −$30.2
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$101.53
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 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 Variational Omni RFQ quote, 3 min ago	2.49 bp	doesn't fit	36.1 bp −$361	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	−0.0610%	4h	620.70	−0.328%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	622.88	+0.022%	$1K	$8.8M	10x	as long as short
Phemex AMDUSDT	0.0000%	8h	622.57	−0.027%	$1.8M	$460K	10x	as long as short
HTX AMD-USDT	+0.0029%	8h	622.68	−0.010%	$132K	$580K	20x	as long as short
Lighter RH AMD	+0.0032%	1h	622.59	−0.024%	$851K	$4.3M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.770%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	623.69	+0.152%	—	$924K	25x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	622.17	−0.092%	$1.5M	$4.7M	10x	as long as short
Lighter AMD	+0.0064%	1h	622.62	−0.019%	$531K	$2.3M	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	622.45	−0.047%	$2.3M	$13.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AMDUSDTM	+0.0100%	8h	621.85	−0.143%	$1.9M	$312K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	620.32	−0.389%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	622.23	−0.082%	$380	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0112%	1h	620.37	−0.381%	$311K	$1.8M	10x	as long as short
Gate AMD_USDT	+0.0113%	8h	623.16	+0.067%	$4.4M	$13.1M	50x	as long as short
OKX AMD-USDT-SWAP	+0.0190%	8h	622.93	+0.030%	$6.9M	$28.3M	25x	as long as short
Phoenix AMDshort	+0.0207%	1h	620.86	−0.302%	$2K	$92K	10x
Aevo AMD-PERP	+0.0216%	1h	621.56	−0.190%	$11K	—	10x	as long as short
Aster AMDUSDT	+0.0221%	8h	622.03	−0.114%	$72K	$416K	50x	as long as short
Nado AMD-PERP	+0.0330%	1h	622.03	−0.114%	$319K	$166K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0477%	8h	620.78	−0.315%	$18K	$131K	10x	as long as short
Variational Omni AMDlong	+0.0513%	8h	622.74	long leg	$2.6M	$3.2M	—
BloFin AMD-USDT	+0.0545%	8h	623.21	+0.075%	$6K	$548K	20x	as long as short
Extended AMD_24_5-USD	+0.0560%	1h	622.95	+0.033%	$466K	$1.5M	10x	as long as short
Binance AMDUSDT	+0.0563%	8h	623.01	+0.044%	$75.9M	$191.8M	25x	as long as short
Bitget AMDUSDT	+0.0577%	8h	623.09	+0.056%	$10.2M	$17.7M	20x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0634%	1h	622.72	−0.003%	$78K	$156K	10x	as long as short
Arcus AMD-USD	+0.0782%	1h	622.09	−0.105%	$144K	$265K	10x	as long as short
SoDEX AMD-USD	+0.0839%	1h	622.76	+0.003%	$26K	$24K	10x	as long as short
Polymarket Perps AMD-USD	+0.0998%	1h	621.57	−0.188%	$396K	$1.5M	10x	as long as short
tradeXYZ xyz:AMD	+0.1151%	1h	621.78	−0.154%	$25.0M	$94.7M	10x	as long as short