Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0479%/8h= +52.4% APRpaid last 24h +0.062%

Price spread now: Variational Omni against Phoenix+0.086%114s7-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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Variational Omni is 0.086% dearer against Phoenix than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 114 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix AMD	620.37	0.0244	pay 0.0030% / 1h	3m 33s	$2K	$90K	10x
Short	Variational Omni AMD	620.91	0.0723	get 0.0723% / 8h	6h 03m	$2.6M	$3.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.086%Rate

Funding earned: $100.57
Price spread: +0.086% → 0.000%: $8.65
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $102.21
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Phoenix: no order-book sample; Variational Omni: RFQ quote, 1 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 Variational Omni RFQ quote, 1 min ago	3.50 bp	doesn't fit	11.1 bp −$111	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 30 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	−0.0134%	4h	620.54	+0.027%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	620.81	+0.071%	$1K	$8.4M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.69	+0.052%	$121K	$596K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.95	+0.093%	$1.8M	$460K	10x	as long as short
Gate AMD_USDT	+0.0006%	8h	620.70	+0.053%	$4.5M	$13.4M	50x	as long as short
Lighter RH AMD	+0.0032%	1h	620.30	−0.011%	$851K	$4.4M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.394%	$5K	$55K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	620.65	+0.045%	$144K	$263K	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	620.36	−0.002%	$398K	$1.5M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.81	−0.090%	$1.5M	$4.2M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMD-USD-PERP	+0.0058%	1h	621.57	+0.193%	—	$923K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	620.66	+0.047%	$2.2M	$12.3M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.16	−0.034%	$1.9M	$286K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	620.42	+0.008%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	620.76	+0.063%	$371	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	619.72	−0.105%	$305K	$1.8M	10x	as long as short
tradeXYZ xyz:AMD	+0.0161%	1h	620.25	−0.019%	$25.1M	$93.5M	10x	as long as short
Lighter AMD	+0.0168%	1h	620.38	+0.002%	$549K	$2.4M	10x	as long as short
SoDEX AMD-USD	+0.0185%	1h	620.67	+0.048%	$25K	$24K	10x	as long as short
Bitget AMDUSDT	+0.0221%	8h	620.89	+0.084%	$10.3M	$17.1M	20x	as long as short
Phoenix AMDlong	+0.0244%	1h	620.37	long leg	$2K	$90K	10x
Aevo AMD-PERP	+0.0280%	1h	621.12	+0.121%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0285%	8h	620.59	+0.035%	$6.9M	$28.0M	25x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0363%	1h	620.29	−0.013%	$77K	$151K	10x	as long as short
Nado AMD-PERP	+0.0397%	1h	620.05	−0.052%	$268K	$208K	10x	as long as short
Aster AMDUSDT	+0.0406%	8h	620.82	+0.073%	$72K	$413K	50x	as long as short
Variational Omni AMDshort	+0.0723%	8h	620.91	+0.086%	$2.6M	$3.3M	—
GRVT AMD_USDT_Perp	+0.0779%	8h	620.93	+0.091%	$17K	$134K	10x	as long as short
Binance AMDUSDT	+0.0780%	8h	620.57	+0.032%	$75.4M	$190.3M	25x	as long as short
Extended AMD_24_5-USD	+0.0784%	1h	620.63	+0.041%	$463K	$1.9M	10x	as long as short