Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0248%/8h= +27.2% APRpaid last 24h +0.121%

Price spread now: Extended against Phemex−0.057%7-day average −0.025% · you buy dearer than you sell

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

Long on Phemex Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.225%+$23 on $10k

Price spread, last 4 days (all we have)+0.110%+$11 · spread now −0.057%, 7d avg −0.025%

Together, before fees+0.336%+ Points / potential airdropExtended: Active · farm board+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.032% cheaper against Phemex than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of −0.025%). If the spread goes back, that is −$3 on $10k: about 10 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.225% in total) that is about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AMDUSDT	613.25	0	get 0.0000% / 8h	12m 07s	$1.7M	$466K	10x
Short	Extended AMD_24_5-USD	612.90	0.0248	get 0.0031% / 1h	12m 07s	$461K	$3.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Phemex. 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 PhemexbpFee ExtendedbpOrdersPrice spread, now −0.057%Rate

Funding earned: $52.08
Price spread: −0.057% → −0.025%: −$3.19
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $31.89
Costs to cover: 0.170%
Break-even: 2.7 days

Slippage unknown: Phemex: live order book, 1 min ago; Extended: live order book, 2 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 Phemex live order book, 1 min ago	12.64 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.65 bp	7.4 bp −$7	70.4 bp −$704	doesn't fit	doesn't fit

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	−0.0825%	4h	613.09	−0.026%	$73K	$1.7M	10x	as long as short
Bitget AMDUSDT	−0.0259%	8h	613.51	+0.042%	$10.4M	$17.5M	20x	as long as short
Injective AMD/USDC PERP	−0.0220%	1h	551.13	−10.130%	$2K	$59K	12x	as long as short
Aster AMDUSDT	0.0000%	8h	613.02	−0.037%	$70K	$416K	50x	as long as short
Gate AMD_USDT	0.0000%	8h	613.19	−0.010%	$4.5M	$14.5M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	613.05	−0.033%	$1K	$8.0M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	612.68	−0.093%	$76K	$151K	10x	as long as short
HTX AMD-USDT	0.0000%	8h	613.07	−0.029%	$100K	$634K	20x	as long as short
Phemex AMDUSDTlong	0.0000%	8h	613.25	long leg	$1.7M	$466K	10x
Lighter AMD	+0.0032%	1h	612.80	−0.073%	$523K	$2.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH AMD	+0.0032%	1h	612.65	−0.098%	$796K	$4.8M	10x	as long as short
Arcus AMD-USD	+0.0040%	1h	613.22	−0.005%	$129K	$285K	10x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	614.22	+0.158%	—	$924K	25x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	612.53	−0.117%	$22.1M	$96.1M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	613.01	−0.039%	$395K	$1.6M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	612.90	−0.057%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	612.52	−0.119%	$1.4M	$5.4M	10x	as long as short
OKX AMD-USDT-SWAP	+0.0065%	8h	613.04	−0.034%	$6.6M	$29.5M	25x	as long as short
QFEX AMD-USD	+0.0069%	1h	613.46	+0.034%	$2.0M	$11.5M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	612.90	−0.057%	$1.9M	$304K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	613.04	−0.034%	$79K	$254K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	612.90	−0.057%	$367	$6K	10x	as long as short
Nado AMD-PERP	+0.0118%	1h	612.79	−0.075%	$255K	$241K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0136%	1h	612.53	−0.117%	$312K	$1.9M	10x	as long as short
Aevo AMD-PERP	+0.0144%	1h	613.11	−0.022%	$11K	—	10x	as long as short
Phoenix AMD	+0.0157%	1h	612.45	−0.130%	$2K	$90K	10x	as long as short
Variational Omni AMD	+0.0163%	8h	613.00	−0.040%	$2.0M	$3.8M	—	as long as short
GRVT AMD_USDT_Perp	+0.0171%	8h	613.18	−0.011%	$20K	$181K	10x	as long as short
Extended AMD_24_5-USDshort	+0.0248%	1h	612.90	−0.057%	$461K	$3.4M	10x
Binance AMDUSDT	+0.0251%	8h	613.04	−0.034%	$72.1M	$204.8M	25x	as long as short
BloFin AMD-USDT	+0.0264%	8h	613.76	+0.083%	$6K	$554K	20x	as long as short