Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0270%/8h= −29.6% APRpaid last 24h 0.000%

Price spread now: Coinbase International against Aster−0.005%7-day average −0.122% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$460.459% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 3 days (all we have)−0.120%−$12 · spread now −0.005%, 7d avg −0.122%

Together, before fees−0.055%+ Points / potential airdropAster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.117% dearer against Aster than usual: you sell high and buy low (spread −0.005% now, against its 7-day average of −0.122%): +$12 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 35 hours. Mind the row above: over the last 7 days funding on this pair paid +0.065%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.065% in total (about 3.4% 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	Aster AMDUSDT	620.90	0.0390	pay 0.0390% / 8h	6h 31m	$72K	$416K	50x
Short	Coinbase International AMD-PERP-INTX	620.87	0.0120	get 0.0015% / 1h	31m 43s	$299K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$56.71
Price spread: −0.005% → −0.122%: $11.72
Slippage, 4 orders: −$27.85
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$90.84
Costs to cover: 0.459%
Break-even: never at this rate

Slippage from Aster: live order book, 36 min ago; Coinbase International: live order book, 2 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 Aster live order book, 36 min ago	2.96 bp	15.0 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	4.03 bp	9.0 bp −$9	12.3 bp −$123	doesn't fit	doesn't fit

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	−0.0170%	4h	620.45	−0.072%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	621.14	+0.039%	$4.6M	$13.3M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	621.12	+0.036%	$2K	$8.4M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.81	−0.014%	$121K	$598K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.90	0.000%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	620.31	−0.095%	$842K	$4.4M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.478%	$5K	$55K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	620.53	−0.059%	$144K	$263K	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	620.10	−0.129%	$395K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	620.51	−0.063%	$25K	$24K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps AMD-USD.P	+0.0050%	1h	619.52	−0.222%	$1.5M	$4.2M	10x	as long as short
Vest AMD-USD-PERP	+0.0061%	1h	621.11	+0.034%	—	$924K	25x	as long as short
QFEX AMD-USD	+0.0080%	1h	620.35	−0.088%	$2.2M	$12.5M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.57	−0.053%	$1.9M	$289K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	620.51	−0.063%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	620.66	−0.039%	$371	$6K	10x	as long as short
Lighter AMD	+0.0112%	1h	620.49	−0.066%	$549K	$2.4M	10x	as long as short
Coinbase International AMD-PERP-INTXshort	+0.0120%	1h	620.87	−0.005%	$299K	$1.8M	10x
tradeXYZ xyz:AMD	+0.0125%	1h	620.26	−0.103%	$25.0M	$93.5M	10x	as long as short
Phoenix AMD	+0.0244%	1h	620.71	−0.030%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0272%	1h	621.22	+0.052%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0273%	8h	620.56	−0.055%	$6.9M	$28.2M	25x	as long as short
Nado AMD-PERP	+0.0355%	1h	619.65	−0.202%	$268K	$203K	10x	as long as short
Aster AMDUSDTlong	+0.0390%	8h	620.90	long leg	$72K	$416K	50x
Bitget AMDUSDT	+0.0433%	8h	621.04	+0.023%	$10.3M	$17.2M	20x	as long as short
Variational Omni AMD	+0.0711%	8h	620.48	−0.067%	$2.6M	$3.3M	—	as long as short
Binance AMDUSDT	+0.0760%	8h	620.91	+0.002%	$75.4M	$190.8M	25x	as long as short
Extended AMD_24_5-USD	+0.0760%	1h	620.94	+0.006%	$464K	$1.9M	10x	as long as short
GRVT AMD_USDT_Perp	+0.0825%	8h	620.51	−0.062%	$18K	$132K	10x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0960%	1h	620.60	−0.048%	$77K	$151K	10x	as long as short