Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.006%

Price spread now: Injective against Phemex−1.763%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.173%+$17 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Injective is 1.763% cheaper against Phemex than usual: you would sell low and buy high (spread −1.763% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$176 on $10k: about 6 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.173% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AMDUSDT	622.70	0	get 0.0000% / 8h	4h 14m	$1.8M	$458K	10x
Short	Injective AMD/USDC PERP	611.72	0.0033	get 0.0004% / 1h	14m 42s	$5K	$55K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −1.763%Rate

Funding earned: $7
Price spread: −1.763% → 0.000%: −$176.33
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$181.35
Costs to cover: 0.120%
Break-even: 188.3 days

Slippage unknown: Phemex: live order book, 4 min ago; Injective: 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 Phemex live order book, 4 min ago	10.28 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0774%	4h	623.01	+0.050%	$79K	$1.7M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	622.87	+0.027%	$4.5M	$13.6M	50x	as long as short
Bitget AMDUSDT	0.0000%	8h	622.70	0.000%	$10.3M	$17.1M	20x	as long as short
SunX AMD-USDT	0.0000%	8h	622.56	−0.022%	$2K	$8.3M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	622.11	−0.095%	$77K	$151K	10x	as long as short
HTX AMD-USDT	0.0000%	8h	622.41	−0.047%	$122K	$615K	20x	as long as short
Phemex AMDUSDTlong	0.0000%	8h	622.70	long leg	$1.8M	$458K	10x
Lighter AMD	+0.0032%	1h	622.69	−0.002%	$555K	$2.5M	10x	as long as short
Lighter RH AMD	+0.0032%	1h	622.62	−0.013%	$840K	$4.5M	10x	as long as short
Injective AMD/USDC PERPshort	+0.0033%	1h	611.72	−1.763%	$5K	$55K	12x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMD-USD	+0.0040%	1h	622.86	+0.026%	$145K	$263K	10x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	622.46	−0.039%	$23.7M	$94.4M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	622.33	−0.059%	$399K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	622.47	−0.037%	$26K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	622.30	−0.064%	$1.4M	$4.3M	10x	as long as short
Vest AMD-USD-PERP	+0.0062%	1h	624.06	+0.218%	—	$923K	25x	as long as short
Nado AMD-PERP	+0.0078%	1h	622.29	−0.066%	$269K	$227K	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	622.60	−0.016%	$2.1M	$11.7M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	622.57	−0.021%	$1.9M	$290K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	622.79	+0.014%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	622.49	−0.034%	$372	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	622.30	−0.064%	$316K	$1.9M	10x	as long as short
Phoenix AMD	+0.0206%	1h	622.73	+0.005%	$2K	$90K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0238%	8h	622.60	−0.016%	$6.9M	$28.2M	25x	as long as short
Aevo AMD-PERP	+0.0240%	1h	622.82	+0.019%	$11K	—	10x	as long as short
Aster AMDUSDT	+0.0265%	8h	622.61	−0.015%	$72K	$412K	50x	as long as short
GRVT AMD_USDT_Perp	+0.0344%	8h	623.04	+0.055%	$17K	$148K	10x	as long as short
Variational Omni AMD	+0.0557%	8h	622.79	+0.015%	$2.6M	$3.3M	—	as long as short
Binance AMDUSDT	+0.0619%	8h	622.88	+0.029%	$73.0M	$195.2M	25x	as long as short
Extended AMD_24_5-USD	+0.0624%	1h	622.69	−0.002%	$464K	$1.9M	10x	as long as short
BloFin AMD-USDT	+0.0649%	8h	622.62	−0.013%	$7K	$550K	20x	as long as short