Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0130%/8h= −14.3% APRpaid last 24h −0.031%

Price spread now: SunX against Phoenix+0.201%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.264%−$26 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. SunX is 0.201% dearer against Phoenix than usual: you sell high and buy low (spread +0.201% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix AMD	613.45	0.0130	pay 0.0016% / 1h	50m 49s	$2K	$74K	10x
Short	SunX AMD-USDT	614.68	0	get 0.0000% / 8h	5h 50m	$1K	$6.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Phoenix. 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 PhoenixbpFee SunXbpOrdersPrice spread, now +0.201%Rate

Funding earned: −$27.35
Price spread: +0.201% → 0.000%: $20.05
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$22.3
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Phoenix: no order-book sample; SunX: live order book, 11 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 Phoenix no order-book sample	—	—	—	—	—
Sell SunX live order book, 11 min ago	44.70 bp	130.6 bp −$131	doesn't fit	doesn't fit	doesn't fit

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 exchanges

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	−0.0246%	4h	613.43	−0.004%	$74K	$1.6M	10x	as long as short
Injective AMD/USDC PERP	−0.0220%	1h	548.57	−10.576%	$2K	$58K	12x	as long as short
Aster AMDUSDT	0.0000%	8h	614.34	+0.145%	$70K	$414K	50x	as long as short
Bitget AMDUSDT	0.0000%	8h	614.85	+0.228%	$10.3M	$16.1M	20x	as long as short
SunX AMD-USDTshort	0.0000%	8h	614.68	+0.201%	$1K	$6.7M	10x
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	614.04	+0.096%	$67K	$145K	10x	as long as short
HTX AMD-USDT	0.0000%	8h	613.79	+0.055%	$90K	$688K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	614.66	+0.197%	$1.7M	$465K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	614.40	+0.155%	$786K	$4.5M	10x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	614.91	+0.238%	—	$923K	25x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:AMD	+0.0050%	1h	614.08	+0.103%	$21.4M	$95.6M	10x	as long as short
Gate AMD_USDT	+0.0050%	8h	614.86	+0.230%	$4.7M	$14.8M	50x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	614.37	+0.150%	$395K	$1.5M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	613.59	+0.023%	$1.4M	$5.3M	10x	as long as short
QFEX AMD-USD	+0.0077%	1h	613.75	+0.049%	$2.0M	$11.3M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	613.73	+0.046%	$1.9M	$447K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	613.30	−0.024%	$79K	$254K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	614.05	+0.098%	$367	$2K	10x	as long as short
SoDEX AMD-USD	+0.0125%	1h	614.02	+0.093%	$25K	$19K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0125%	8h	614.40	+0.155%	$6.9M	$30.0M	25x	as long as short
Phoenix AMDlong	+0.0130%	1h	613.45	long leg	$2K	$74K	10x
Lighter AMD	+0.0136%	1h	614.42	+0.158%	$513K	$2.3M	10x	as long as short
Nado AMD-PERP	+0.0151%	1h	614.12	+0.110%	$252K	$243K	10x	as long as short
Aevo AMD-PERP	+0.0160%	1h	614.65	+0.196%	$11K	—	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0184%	1h	614.08	+0.103%	$300K	$1.7M	10x	as long as short
Variational Omni AMD	+0.0213%	8h	613.41	−0.006%	$2.0M	$3.9M	—	as long as short
Extended AMD_24_5-USD	+0.0304%	1h	614.38	+0.152%	$462K	$3.4M	10x	as long as short
Binance AMDUSDT	+0.0313%	8h	614.79	+0.218%	$73.1M	$195.0M	25x	as long as short
BloFin AMD-USDT	+0.0324%	8h	614.70	+0.204%	$7K	$565K	20x	as long as short
GRVT AMD_USDT_Perp	+0.0428%	8h	613.36	−0.015%	$20K	$204K	10x	as long as short
Arcus AMD-USD	+0.0592%	1h	613.80	+0.057%	$122K	$218K	10x	as long as short