Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.030%

Price spread now: SoDEX against Phemex−0.054%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 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 pays, the price is against you. SoDEX is 0.054% cheaper against Phemex than usual: you would sell low and buy high (spread −0.054% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 24 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AMDUSDT	609.37	0	get 0.0000% / 8h	7h 16m	$1.7M	$465K	10x
Short	SoDEX AMD-USD	609.04	0.0180	get 0.0023% / 1h	16m 39s	$25K	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.054%Rate

Funding earned: $37.86
Price spread: −0.054% → 0.000%: −$5.42
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $12.44
Costs to cover: 0.200%
Break-even: 4.7 days

Slippage unknown: Phemex: live order book, 2 min ago; SoDEX: 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, 2 min ago	2.71 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
Injective AMD/USDC PERP	−0.0220%	1h	551.13	−9.557%	$2K	$59K	12x	as long as short
edgeX AMDUSDC	−0.0045%	4h	608.46	−0.150%	$73K	$1.7M	10x	as long as short
Aster AMDUSDT	0.0000%	8h	608.70	−0.110%	$69K	$416K	50x	as long as short
Gate AMD_USDT	0.0000%	8h	609.72	+0.057%	$4.6M	$15.1M	50x	as long as short
Bitget AMDUSDT	0.0000%	8h	609.82	+0.074%	$10.1M	$16.6M	20x	as long as short
SunX AMD-USDT	0.0000%	8h	609.24	−0.021%	$2K	$7.7M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	608.73	−0.105%	$101K	$651K	20x	as long as short
Phemex AMDUSDTlong	0.0000%	8h	609.37	long leg	$1.7M	$465K	10x
Lighter RH AMD	+0.0032%	1h	609.38	+0.002%	$790K	$4.7M	10x	as long as short
Lighter AMD	+0.0040%	1h	609.43	+0.010%	$521K	$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
Arcus AMD-USD	+0.0040%	1h	609.50	+0.021%	$122K	$280K	10x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	609.30	−0.011%	—	$924K	25x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	609.18	−0.031%	$21.1M	$97.3M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	609.14	−0.038%	$392K	$1.6M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	608.67	−0.115%	$1.4M	$5.4M	10x	as long as short
OKX AMD-USDT-SWAP	+0.0072%	8h	609.69	+0.053%	$6.7M	$29.7M	25x	as long as short
Nado AMD-PERP	+0.0075%	1h	608.37	−0.165%	$250K	$245K	10x	as long as short
QFEX AMD-USD	+0.0076%	1h	609.00	−0.061%	$2.0M	$11.4M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	608.77	−0.098%	$1.8M	$360K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	607.47	−0.312%	$79K	$254K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	609.02	−0.057%	$364	$6K	10x	as long as short
Phoenix AMD	+0.0118%	1h	608.24	−0.185%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0136%	1h	609.01	−0.059%	$11K	—	10x	as long as short
Variational Omni AMD	+0.0144%	8h	607.89	−0.243%	$2.0M	$3.8M	—	as long as short
Coinbase International AMD-PERP-INTX	+0.0152%	1h	607.96	−0.231%	$310K	$1.8M	10x	as long as short
SoDEX AMD-USDshort	+0.0180%	1h	609.04	−0.054%	$25K	$20K	10x
Deribit AMD_USDC-PERPETUAL	+0.0226%	1h	608.94	−0.071%	$76K	$151K	10x	as long as short
Extended AMD_24_5-USD	+0.0232%	1h	609.51	+0.023%	$455K	$3.4M	10x	as long as short
Binance AMDUSDT	+0.0244%	8h	609.69	+0.053%	$72.0M	$206.0M	25x	as long as short
BloFin AMD-USDT	+0.0253%	8h	609.22	−0.025%	$6K	$552K	20x	as long as short
GRVT AMD_USDT_Perp	+0.0446%	8h	608.53	−0.138%	$19K	$188K	10x	as long as short