Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.038%

Price spread now: Phoenix against SunX−0.061%7-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 Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.265%+$27 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. Phoenix is 0.061% cheaper against SunX than usual: you would sell low and buy high (spread −0.061% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 20 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AMD-USDT	622.91	0	get 0.0000% / 8h	6h 48m	$1K	$8.5M	10x
Short	Phoenix AMD	622.53	0.0244	get 0.0030% / 1h	48m 26s	$2K	$90K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.061%Rate

Funding earned: $51.21
Price spread: −0.061% → 0.000%: −$6.1
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $30.11
Costs to cover: 0.150%
Break-even: 2.9 days

Slippage unknown: SunX: live order book, 11 min ago; Phoenix: 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	44.85 bp	127.8 bp −$128	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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 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	−0.0927%	4h	622.08	−0.134%	$81K	$1.6M	10x	as long as short
SunX AMD-USDTlong	0.0000%	8h	622.91	long leg	$1K	$8.5M	10x
Phemex AMDUSDT	0.0000%	8h	622.45	−0.074%	$1.8M	$460K	10x	as long as short
Lighter AMD	+0.0032%	1h	622.11	−0.128%	$535K	$2.4M	10x	as long as short
Lighter RH AMD	+0.0032%	1h	622.13	−0.125%	$838K	$4.3M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.796%	$5K	$55K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	622.69	−0.035%	$144K	$264K	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	621.80	−0.178%	$396K	$1.5M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	621.83	−0.173%	$1.5M	$4.2M	10x	as long as short
SoDEX AMD-USD	+0.0051%	1h	622.44	−0.075%	$26K	$24K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AMD-USD-PERP	+0.0063%	1h	623.68	+0.124%	—	$924K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	622.34	−0.092%	$2.2M	$12.6M	10x	as long as short
Gate AMD_USDT	+0.0081%	8h	622.52	−0.063%	$4.5M	$13.2M	50x	as long as short
tradeXYZ xyz:AMD	+0.0093%	1h	621.79	−0.180%	$25.1M	$93.3M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	622.26	−0.104%	$1.9M	$294K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	622.52	−0.063%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	622.52	−0.063%	$372	$6K	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0120%	1h	623.02	+0.018%	$300K	$1.8M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0136%	1h	622.27	−0.103%	$77K	$151K	10x	as long as short
HTX AMD-USDT	+0.0160%	8h	622.42	−0.079%	$132K	$579K	20x	as long as short
Phoenix AMDshort	+0.0244%	1h	622.53	−0.061%	$2K	$90K	10x
Aevo AMD-PERP	+0.0272%	1h	622.83	−0.013%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0277%	8h	622.15	−0.122%	$6.9M	$28.2M	25x	as long as short
Nado AMD-PERP	+0.0282%	1h	621.84	−0.171%	$275K	$198K	10x	as long as short
Aster AMDUSDT	+0.0414%	8h	622.16	−0.120%	$72K	$416K	50x	as long as short
Bitget AMDUSDT	+0.0623%	8h	622.39	−0.083%	$10.3M	$17.3M	20x	as long as short
Variational Omni AMD	+0.0728%	8h	622.86	−0.008%	$2.6M	$3.2M	—	as long as short
Binance AMDUSDT	+0.0775%	8h	622.25	−0.106%	$75.6M	$190.5M	25x	as long as short
Extended AMD_24_5-USD	+0.0776%	1h	622.17	−0.119%	$464K	$1.9M	10x	as long as short
BloFin AMD-USDT	+0.0779%	8h	622.73	−0.029%	$7K	$551K	20x	as long as short
GRVT AMD_USDT_Perp	+0.1159%	8h	622.09	−0.132%	$18K	$131K	10x	as long as short