Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0664%/8h= +72.7% APRpaid last 24h +0.116%

Price spread now: Extended against SunX−0.036%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$255as in the Funding arb table

Net, price: spread back to 7d avg − costs−$273as in the Price arb table

costs, in and out, $10k−$2722.725% of the position

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.176%+$18 on $10k

Price spread, last 3 days (all we have)+0.085%+$8 · spread now −0.036%, 7d avg −0.030%

Together, before fees+0.261%+ Points / potential airdropExtended: Active · farm board+$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.030%, so right now this pair is about funding alone: +$20 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.176% in total (about 9.2% 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	622.12	0	get 0.0000% / 8h	7h 33m	$1K	$8.7M	10x
Short	Extended AMD_24_5-USD	621.89	0.0664	get 0.0083% / 1h	33m 12s	$463K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.036%Rate

Funding earned: $139.44
Price spread: −0.036% → −0.030%: −$0.67
Slippage, 4 orders: −$259.46
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$133.69
Costs to cover: 2.725%
Break-even: 13.7 days

Slippage from SunX: live order book, 6 min ago; Extended: live order book, 5 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, 6 min ago	44.82 bp	127.7 bp −$128	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	0.80 bp	6.8 bp −$7	38.5 bp −$385	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	−0.0506%	4h	622.33	+0.033%	$81K	$1.6M	10x	as long as short
SunX AMD-USDTlong	0.0000%	8h	622.12	long leg	$1K	$8.7M	10x
Phemex AMDUSDT	0.0000%	8h	622.08	−0.006%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	621.52	−0.096%	$850K	$4.3M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.672%	$5K	$55K	12x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	621.28	−0.135%	$1.5M	$4.4M	10x	as long as short
Vest AMD-USD-PERP	+0.0051%	1h	622.81	+0.111%	—	$926K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	621.92	−0.032%	$2.3M	$13.2M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	621.64	−0.077%	$1.9M	$313K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	622.11	−0.002%	$372	$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	+0.148%	$312K	$1.8M	10x	as long as short
Lighter AMD	+0.0152%	1h	621.64	−0.077%	$539K	$2.3M	10x	as long as short
Gate AMD_USDT	+0.0192%	8h	622.15	+0.005%	$4.5M	$13.4M	50x	as long as short
Phoenix AMD	+0.0219%	1h	622.57	+0.072%	$2K	$92K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0239%	8h	621.88	−0.039%	$6.9M	$28.3M	25x	as long as short
Aevo AMD-PERP	+0.0240%	1h	622.25	+0.021%	$11K	—	10x	as long as short
SoDEX AMD-USD	+0.0261%	1h	621.80	−0.051%	$26K	$24K	10x	as long as short
Aster AMDUSDT	+0.0308%	8h	621.55	−0.092%	$72K	$416K	50x	as long as short
Polymarket Perps AMD-USD	+0.0344%	1h	621.57	−0.088%	$396K	$1.5M	10x	as long as short
tradeXYZ xyz:AMD	+0.0358%	1h	621.46	−0.106%	$25.0M	$93.3M	10x	as long as short
Nado AMD-PERP	+0.0428%	1h	621.13	−0.160%	$318K	$171K	10x	as long as short
HTX AMD-USDT	+0.0482%	8h	621.95	−0.027%	$132K	$579K	20x	as long as short
ApeX Omni AMDUSDT	+0.0537%	1h	622.83	+0.114%	$80K	$258K	50x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0539%	1h	621.59	−0.085%	$77K	$151K	10x	as long as short
Variational Omni AMD	+0.0614%	8h	622.46	+0.054%	$2.6M	$3.2M	—	as long as short
BloFin AMD-USDT	+0.0661%	8h	622.11	−0.002%	$6K	$550K	20x	as long as short
Binance AMDUSDT	+0.0662%	8h	622.04	−0.012%	$75.9M	$191.3M	25x	as long as short
Extended AMD_24_5-USDshort	+0.0664%	1h	621.89	−0.036%	$463K	$2.2M	10x
Bitget AMDUSDT	+0.0728%	8h	622.25	+0.021%	$10.3M	$17.5M	20x	as long as short
Arcus AMD-USD	+0.0782%	1h	622.43	+0.050%	$145K	$265K	10x	as long as short
GRVT AMD_USDT_Perp	+0.1513%	8h	622.27	+0.025%	$18K	$130K	10x	as long as short