Funding arb · Price arb /

AMD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.006%

Price spread now: Injective against SunX−9.728%61s7-day average — · you buy dearer than you sell

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

Long on SunX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.166%+$17 on $10k

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. Injective is 9.728% cheaper against SunX than usual: you would sell low and buy high (spread −9.728% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$973 on $10k: about years of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.166% in total) that is about 14 months. The two prices were read 61 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	SunX AMD-USDT	610.52	0	get 0.0000% / 8h	6h 57m	$2K	$7.6M	10x
Short	Injective AMD/USDC PERP	551.13	0.0033	get 0.0004% / 1h	57m 51s	$2K	$58K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −9.728%Rate

Funding earned: $7
Price spread: −9.728% → 0.000%: −$972.78
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$973.8
Costs to cover: 0.080%
Break-even: 980.8 days

Slippage unknown: SunX: live order book, 11 min ago; Injective: 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 SunX live order book, 11 min ago	45.15 bp	126.2 bp −$126	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
edgeX AMDUSDC	−0.0336%	4h	610.33	−0.031%	$73K	$1.7M	10x	as long as short
Aster AMDUSDT	0.0000%	8h	610.52	0.000%	$69K	$417K	50x	as long as short
Gate AMD_USDT	0.0000%	8h	610.37	−0.025%	$4.7M	$14.4M	50x	as long as short
Bitget AMDUSDT	0.0000%	8h	609.89	−0.103%	$10.2M	$16.6M	20x	as long as short
SunX AMD-USDTlong	0.0000%	8h	610.52	long leg	$2K	$7.6M	10x
HTX AMD-USDT	0.0000%	8h	610.51	−0.002%	$93K	$659K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	610.37	−0.025%	$1.7M	$465K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	610.16	−0.059%	$804K	$4.5M	10x	as long as short
Injective AMD/USDC PERPshort	+0.0033%	1h	551.13	−9.728%	$2K	$58K	12x
Vest AMD-USD-PERP	+0.0046%	1h	610.74	+0.036%	—	$924K	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AMD-USD	+0.0050%	1h	610.25	−0.044%	$393K	$1.6M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	609.98	−0.088%	$1.4M	$5.4M	10x	as long as short
QFEX AMD-USD	+0.0076%	1h	610.24	−0.046%	$2.0M	$11.4M	10x	as long as short
OKX AMD-USDT-SWAP	+0.0098%	8h	610.18	−0.056%	$6.7M	$29.6M	25x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	609.95	−0.093%	$1.9M	$379K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	609.32	−0.197%	$79K	$254K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	610.28	−0.039%	$365	$6K	10x	as long as short
Phoenix AMD	+0.0118%	1h	609.90	−0.102%	$2K	$75K	10x	as long as short
Aevo AMD-PERP	+0.0152%	1h	610.42	−0.016%	$11K	—	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0168%	1h	609.57	−0.156%	$304K	$1.9M	10x	as long as short
Lighter AMD	+0.0184%	1h	610.23	−0.048%	$522K	$2.3M	10x	as long as short
SoDEX AMD-USD	+0.0196%	1h	610.34	−0.029%	$25K	$20K	10x	as long as short
tradeXYZ xyz:AMD	+0.0198%	1h	609.83	−0.113%	$21.1M	$97.3M	10x	as long as short
Variational Omni AMD	+0.0215%	8h	610.06	−0.076%	$2.0M	$3.8M	—	as long as short
Nado AMD-PERP	+0.0276%	1h	609.80	−0.118%	$250K	$246K	10x	as long as short
Extended AMD_24_5-USD	+0.0288%	1h	610.11	−0.067%	$457K	$3.4M	10x	as long as short
Binance AMDUSDT	+0.0289%	8h	610.08	−0.072%	$72.1M	$205.5M	25x	as long as short
BloFin AMD-USDT	+0.0296%	8h	610.62	+0.016%	$6K	$561K	20x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0521%	1h	610.12	−0.066%	$76K	$151K	10x	as long as short
Arcus AMD-USD	+0.0623%	1h	610.25	−0.044%	$122K	$280K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0696%	8h	610.43	−0.015%	$19K	$192K	10x	as long as short