Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0380%/8h= −41.7% APRpaid last 24h −0.080%

Price spread now: Phoenix against Binance+0.139%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Phoenix is 0.139% dearer against Binance than usual: you sell high and buy low (spread +0.139% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 29 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.038% in total (about 2.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AMDUSDT	618.53	0.0522	pay 0.0522% / 8h	3h 27m	$72.6M	$196.2M	25x
Short	Phoenix AMD	619.39	0.0141	get 0.0018% / 1h	27m 10s	$2K	$90K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Binance. 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 BinancebpFee PhoenixbpOrdersPrice spread, now +0.139%Rate

Funding earned: −$79.9
Price spread: +0.139% → 0.000%: $13.9
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$83
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 1 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 Binance live order book, 1 min ago	0.24 bp	7.2 bp −$7	13.7 bp −$137	46.2 bp −$4,619	85.3 bp −$42.7K
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	−0.0702%	4h	619.41	+0.143%	$78K	$1.7M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	618.70	+0.027%	$4.5M	$13.7M	50x	as long as short
Bitget AMDUSDT	0.0000%	8h	618.92	+0.063%	$10.2M	$17.1M	20x	as long as short
SunX AMD-USDT	0.0000%	8h	618.57	+0.006%	$1K	$8.2M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	618.23	−0.049%	$77K	$151K	10x	as long as short
HTX AMD-USDT	0.0000%	8h	618.41	−0.019%	$117K	$623K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	618.62	+0.015%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	618.30	−0.037%	$834K	$4.5M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	619.05	+0.084%	$2K	$57K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	619.36	+0.134%	$144K	$265K	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	+0.0048%	1h	618.34	−0.031%	$534K	$2.5M	10x	as long as short
QFEX AMD-USD	+0.0049%	1h	618.76	+0.037%	$2.1M	$11.6M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	618.57	+0.006%	$396K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	618.50	−0.005%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	617.94	−0.095%	$1.3M	$4.4M	10x	as long as short
Vest AMD-USD-PERP	+0.0062%	1h	620.07	+0.249%	—	$923K	25x	as long as short
Coinbase International AMD-PERP-INTX	+0.0088%	1h	619.13	+0.097%	$314K	$1.8M	10x	as long as short
Nado AMD-PERP	+0.0094%	1h	618.58	+0.008%	$264K	$235K	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	618.54	+0.002%	$1.9M	$293K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	619.34	+0.131%	$80K	$257K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	618.47	−0.010%	$370	$6K	10x	as long as short
tradeXYZ xyz:AMD	+0.0126%	1h	618.39	−0.023%	$23.5M	$94.4M	10x	as long as short
Phoenix AMDshort	+0.0141%	1h	619.39	+0.139%	$2K	$90K	10x
Aster AMDUSDT	+0.0170%	8h	618.39	−0.022%	$69K	$414K	50x	as long as short
OKX AMD-USDT-SWAP	+0.0208%	8h	618.52	−0.002%	$6.8M	$28.2M	25x	as long as short
Aevo AMD-PERP	+0.0208%	1h	618.65	+0.020%	$11K	—	10x	as long as short
GRVT AMD_USDT_Perp	+0.0244%	8h	619.42	+0.143%	$18K	$158K	10x	as long as short
Variational Omni AMD	+0.0452%	8h	619.69	+0.187%	$2.5M	$3.3M	—	as long as short
Extended AMD_24_5-USD	+0.0520%	1h	618.38	−0.025%	$461K	$1.9M	10x	as long as short
Binance AMDUSDTlong	+0.0522%	8h	618.53	long leg	$72.6M	$196.2M	25x
BloFin AMD-USDT	+0.0523%	8h	618.67	+0.023%	$6K	$548K	20x	as long as short