Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0516%/8h= +56.5% APRpaid last 24h +0.033%

Price spread now: ApeX Omni against SunX−0.051%73s7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$320as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3473.473% of the position

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.270%+$27 on $10k

Price spread, last 3 days (all we have)+0.023%+$2 · spread now −0.051%, 7d avg −0.017%

Together, before fees+0.292%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.034% cheaper against SunX than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of −0.017%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.270% in total) that is about 21 hours. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.270% in total (about 14.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AMD-USDT	623.69	0	get 0.0000% / 8h	7h 25m	$1K	$8.6M	10x
Short	ApeX Omni AMDUSDT	623.37	0.0516	get 0.0064% / 1h	25m 37s	$80K	$259K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now −0.051%Rate

Funding earned: $108.33
Price spread: −0.051% → −0.017%: −$3.39
Slippage, 4 orders: −$329.28
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$242.34
Costs to cover: 3.473%
Break-even: 22.7 days

Slippage from SunX: live order book, 3 min ago; ApeX Omni: live order book, 46 min ago.

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 SunX live order book, 3 min ago	79.55 bp	160.7 bp −$161	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 46 min ago	5.16 bp	10.2 bp −$10	34.7 bp −$347	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	−0.0882%	4h	623.34	−0.057%	$81K	$1.6M	10x	as long as short
SunX AMD-USDTlong	0.0000%	8h	623.69	long leg	$1K	$8.6M	10x
Phemex AMDUSDT	0.0000%	8h	624.10	+0.066%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	622.84	−0.136%	$855K	$4.3M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.919%	$5K	$55K	12x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	622.30	−0.223%	$1.5M	$4.3M	10x	as long as short
Vest AMD-USD-PERP	+0.0053%	1h	624.67	+0.157%	—	$925K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	623.38	−0.050%	$2.3M	$13.1M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	623.15	−0.087%	$1.9M	$313K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	623.83	+0.022%	$373	$6K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AMD-PERP-INTX	+0.0112%	1h	623.04	−0.104%	$312K	$1.8M	10x	as long as short
Lighter AMD	+0.0192%	1h	623.01	−0.109%	$546K	$2.3M	10x	as long as short
Phoenix AMD	+0.0219%	1h	622.89	−0.128%	$2K	$92K	10x	as long as short
Aevo AMD-PERP	+0.0256%	1h	623.66	−0.004%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0256%	8h	623.03	−0.106%	$6.9M	$28.2M	25x	as long as short
Gate AMD_USDT	+0.0295%	8h	623.25	−0.071%	$4.5M	$13.5M	50x	as long as short
Polymarket Perps AMD-USD	+0.0320%	1h	623.30	−0.063%	$397K	$1.5M	10x	as long as short
tradeXYZ xyz:AMD	+0.0326%	1h	622.70	−0.159%	$25.1M	$93.6M	10x	as long as short
Aster AMDUSDT	+0.0345%	8h	622.39	−0.209%	$72K	$416K	50x	as long as short
SoDEX AMD-USD	+0.0389%	1h	623.72	+0.005%	$26K	$24K	10x	as long as short
Nado AMD-PERP	+0.0440%	1h	623.29	−0.065%	$318K	$172K	10x	as long as short
ApeX Omni AMDUSDTshort	+0.0516%	1h	623.37	−0.051%	$80K	$259K	50x
HTX AMD-USDT	+0.0578%	8h	623.63	−0.010%	$132K	$579K	20x	as long as short
Variational Omni AMD	+0.0654%	8h	623.70	+0.001%	$2.6M	$3.2M	—	as long as short
BloFin AMD-USDT	+0.0679%	8h	624.57	+0.141%	$6K	$551K	20x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0681%	1h	623.47	−0.035%	$78K	$151K	10x	as long as short
Extended AMD_24_5-USD	+0.0696%	1h	623.24	−0.072%	$463K	$1.9M	10x	as long as short
Binance AMDUSDT	+0.0700%	8h	623.37	−0.051%	$76.0M	$190.7M	25x	as long as short
Bitget AMDUSDT	+0.0736%	8h	623.24	−0.072%	$10.3M	$17.5M	20x	as long as short
Arcus AMD-USD	+0.0782%	1h	623.53	−0.026%	$145K	$264K	10x	as long as short
GRVT AMD_USDT_Perp	+0.1419%	8h	622.68	−0.162%	$18K	$130K	10x	as long as short