Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0725%/8h= +79.4% APRpaid last 24h +0.112%

Price spread now: Phoenix against edgeX−0.062%7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.228%+$23 on $10k

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

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

Funding pays, the price is against you. Phoenix is 0.062% cheaper against edgeX than usual: you would sell low and buy high (spread −0.062% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 7 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.228% in total) that is about 46 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.228% in total (about 11.9% 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	edgeX AMDUSDC	622.33	−0.0506	get 0.0253% / 4h	3h 30m	$81K	$1.6M	10x
Short	Phoenix AMD	621.94	0.0219	get 0.0027% / 1h	30m 04s	$2K	$92K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against edgeX. 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 edgeXbpFee PhoenixbpOrdersPrice spread, now −0.062%Rate

Funding earned: $152.3
Price spread: −0.062% → 0.000%: −$6.19
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $130.11
Costs to cover: 0.160%
Break-even: 1.0 days

Slippage unknown: edgeX: live order book, 4 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 edgeX live order book, 4 min ago	10.13 bp	17.1 bp −$17	39.0 bp −$390	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 AMDUSDClong	−0.0506%	4h	622.33	long leg	$81K	$1.6M	10x
SunX AMD-USDT	0.0000%	8h	623.09	+0.123%	$2K	$8.7M	10x	as long as short
Phemex AMDUSDT	0.0000%	8h	623.14	+0.131%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	622.63	+0.049%	$852K	$4.3M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.704%	$5K	$55K	12x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	621.66	−0.107%	$1.5M	$4.4M	10x	as long as short
Vest AMD-USD-PERP	+0.0051%	1h	623.59	+0.203%	—	$926K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	622.94	+0.099%	$2.3M	$13.2M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	622.63	+0.049%	$1.9M	$313K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	622.99	+0.107%	$373	$6K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AMD-PERP-INTX	+0.0112%	1h	623.04	+0.115%	$312K	$1.8M	10x	as long as short
Lighter AMD	+0.0168%	1h	622.76	+0.070%	$540K	$2.3M	10x	as long as short
Phoenix AMDshort	+0.0219%	1h	621.94	−0.062%	$2K	$92K	10x
Aevo AMD-PERP	+0.0240%	1h	623.18	+0.137%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0245%	8h	622.96	+0.102%	$6.9M	$28.3M	25x	as long as short
Gate AMD_USDT	+0.0266%	8h	623.20	+0.141%	$4.5M	$13.4M	50x	as long as short
SoDEX AMD-USD	+0.0311%	1h	622.89	+0.091%	$26K	$24K	10x	as long as short
Aster AMDUSDT	+0.0318%	8h	621.94	−0.063%	$72K	$416K	50x	as long as short
Polymarket Perps AMD-USD	+0.0333%	1h	622.61	+0.046%	$397K	$1.5M	10x	as long as short
tradeXYZ xyz:AMD	+0.0345%	1h	622.53	+0.033%	$25.1M	$93.4M	10x	as long as short
Nado AMD-PERP	+0.0434%	1h	622.03	−0.047%	$318K	$171K	10x	as long as short
HTX AMD-USDT	+0.0485%	8h	622.89	+0.091%	$132K	$579K	20x	as long as short
ApeX Omni AMDUSDT	+0.0505%	1h	622.27	−0.009%	$80K	$258K	50x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0602%	1h	622.64	+0.051%	$78K	$151K	10x	as long as short
Variational Omni AMD	+0.0628%	8h	622.64	+0.050%	$2.6M	$3.2M	—	as long as short
Extended AMD_24_5-USD	+0.0672%	1h	623.05	+0.116%	$463K	$1.9M	10x	as long as short
Binance AMDUSDT	+0.0672%	8h	623.25	+0.149%	$76.0M	$191.3M	25x	as long as short
BloFin AMD-USDT	+0.0688%	8h	622.60	+0.044%	$6K	$550K	20x	as long as short
Bitget AMDUSDT	+0.0718%	8h	623.16	+0.134%	$10.3M	$17.5M	20x	as long as short
Arcus AMD-USD	+0.0782%	1h	622.50	+0.028%	$145K	$264K	10x	as long as short
GRVT AMD_USDT_Perp	+0.1513%	8h	622.27	−0.008%	$18K	$130K	10x	as long as short