Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: Orderly against ApeX Omni−0.230%70s7-day average — · you buy dearer than you sell

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

Long on ApeX Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.230% cheaper against ApeX Omni than usual: you would sell low and buy high, −$23 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 70 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	ApeX Omni AMDUSDT	609.56	0.0100	pay 0.0013% / 1h	41m 41s	$79K	$254K	50x
Short	Orderly PERP_AMD_USDC_mythos	608.16	0.0100	get 0.0100% / 8h	7h 41m	$364	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against ApeX 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 ApeX OmnibpFee OrderlybpOrdersPrice spread, now −0.230%Rate

Funding earned: $0
Price spread: −0.230% → 0.000%: −$22.97
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$38.97
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 55 min ago; Orderly: 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 ApeX Omni live order book, 55 min ago	16.27 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.0672%	4h	609.31	−0.040%	$72K	$1.7M	10x	as long as short
Injective AMD/USDC PERP	−0.0220%	1h	551.13	−9.586%	$2K	$59K	12x	as long as short
Bitget AMDUSDT	−0.0151%	8h	608.31	−0.205%	$10.2M	$16.5M	20x	as long as short
Aster AMDUSDT	0.0000%	8h	608.62	−0.154%	$69K	$416K	50x	as long as short
Gate AMD_USDT	0.0000%	8h	608.24	−0.217%	$4.5M	$14.4M	50x	as long as short
GRVT AMD_USDT_Perp	0.0000%	8h	609.38	−0.030%	$19K	$186K	10x	as long as short
SunX AMD-USDT	0.0000%	8h	608.42	−0.187%	$2K	$7.9M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	607.87	−0.277%	$76K	$151K	10x	as long as short
HTX AMD-USDT	0.0000%	8h	608.80	−0.125%	$101K	$653K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	608.36	−0.197%	$1.7M	$465K	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	+0.0032%	1h	607.89	−0.274%	$521K	$2.5M	10x	as long as short
Lighter RH AMD	+0.0032%	1h	607.81	−0.287%	$795K	$4.7M	10x	as long as short
Arcus AMD-USD	+0.0040%	1h	607.95	−0.264%	$122K	$284K	10x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	608.66	−0.148%	—	$924K	25x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	607.65	−0.313%	$21.6M	$96.4M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	607.56	−0.328%	$391K	$1.6M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	607.67	−0.310%	$1.4M	$5.4M	10x	as long as short
SoDEX AMD-USD	+0.0051%	1h	608.27	−0.212%	$25K	$20K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0067%	8h	608.20	−0.223%	$6.6M	$29.3M	25x	as long as short
QFEX AMD-USD	+0.0076%	1h	608.22	−0.220%	$2.0M	$11.4M	10x	as long as short
Nado AMD-PERP	+0.0084%	1h	607.96	−0.262%	$252K	$240K	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	608.18	−0.226%	$1.8M	$333K	20x	as long as short
ApeX Omni AMDUSDTlong	+0.0100%	1h	609.56	long leg	$79K	$254K	50x
Orderly PERP_AMD_USDC_mythosshort	+0.0100%	8h	608.16	−0.230%	$364	$6K	10x
Phoenix AMD	+0.0118%	1h	607.92	−0.269%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0136%	1h	608.35	−0.198%	$11K	—	10x	as long as short
Variational Omni AMD	+0.0141%	8h	608.49	−0.175%	$2.0M	$3.8M	—	as long as short
Coinbase International AMD-PERP-INTX	+0.0152%	1h	608.01	−0.254%	$307K	$1.8M	10x	as long as short
Binance AMDUSDT	+0.0214%	8h	608.22	−0.220%	$71.7M	$205.4M	25x	as long as short
Extended AMD_24_5-USD	+0.0216%	1h	608.08	−0.242%	$457K	$3.4M	10x	as long as short
BloFin AMD-USDT	+0.0225%	8h	608.78	−0.128%	$6K	$549K	20x	as long as short