Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0191%/8h= −20.9% APRpaid last 24h −0.094%

Price spread now: Coinbase International against Binance−0.051%7-day average −0.120% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.051%, 7d avg −0.120%

Together, before fees−0.072%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.069% dearer against Binance than usual: you sell high and buy low (spread −0.051% now, against its 7-day average of −0.120%): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 7 days (−0.074% in total) that is about 6.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.074% in total (about -3.9% 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	Binance AMDUSDT	611.57	0.0311	pay 0.0311% / 8h	1h 38m	$71.8M	$203.8M	25x
Short	Coinbase International AMD-PERP-INTX	611.26	0.0120	get 0.0015% / 1h	38m 52s	$316K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$40.04
Price spread: −0.051% → −0.120%: $6.92
Slippage, 4 orders: −$12.26
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$65.38
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Coinbase International: 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 Binance live order book, 5 min ago	0.08 bp	7.8 bp −$8	15.6 bp −$156	54.6 bp −$5,459	doesn't fit
Sell Coinbase International live order book, 5 min ago	2.94 bp	8.2 bp −$8	12.4 bp −$124	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
Bitget AMDUSDT	−0.0396%	8h	611.92	+0.057%	$10.3M	$17.4M	20x	as long as short
edgeX AMDUSDC	−0.0393%	4h	611.65	+0.013%	$72K	$1.7M	10x	as long as short
Aster AMDUSDT	0.0000%	8h	611.64	+0.011%	$69K	$416K	50x	as long as short
Gate AMD_USDT	0.0000%	8h	611.72	+0.024%	$4.4M	$14.3M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	611.67	+0.016%	$2K	$8.1M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	611.02	−0.090%	$76K	$151K	10x	as long as short
HTX AMD-USDT	0.0000%	8h	611.57	0.000%	$103K	$641K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	611.13	−0.072%	$1.7M	$462K	10x	as long as short
Lighter AMD	+0.0032%	1h	611.23	−0.056%	$520K	$2.6M	10x	as long as short
Lighter RH AMD	+0.0032%	1h	611.21	−0.059%	$812K	$4.7M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMD-USD	+0.0040%	1h	611.41	−0.027%	$135K	$276K	10x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	612.15	+0.094%	—	$925K	25x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	611.19	−0.062%	$22.7M	$95.3M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	611.18	−0.064%	$394K	$1.6M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	611.55	−0.004%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	610.72	−0.139%	$1.4M	$5.4M	10x	as long as short
QFEX AMD-USD	+0.0067%	1h	611.30	−0.044%	$2.1M	$11.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0067%	1h	551.80	−9.774%	$2K	$59K	12x	as long as short
Nado AMD-PERP	+0.0076%	1h	611.07	−0.082%	$254K	$241K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0092%	8h	611.43	−0.023%	$6.6M	$29.0M	25x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	611.30	−0.044%	$1.9M	$292K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	611.15	−0.069%	$78K	$256K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	611.38	−0.031%	$366	$6K	10x	as long as short
Coinbase International AMD-PERP-INTXshort	+0.0120%	1h	611.26	−0.051%	$316K	$1.9M	10x
Phoenix AMD	+0.0143%	1h	611.42	−0.025%	$2K	$90K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0148%	8h	611.67	+0.016%	$20K	$174K	10x	as long as short
Aevo AMD-PERP	+0.0160%	1h	611.65	+0.012%	$11K	—	10x	as long as short
Variational Omni AMD	+0.0223%	8h	611.44	−0.022%	$2.3M	$3.5M	—	as long as short
Binance AMDUSDTlong	+0.0311%	8h	611.57	long leg	$71.8M	$203.8M	25x
BloFin AMD-USDT	+0.0312%	8h	611.64	+0.011%	$6K	$549K	20x	as long as short
Extended AMD_24_5-USD	+0.0312%	1h	611.43	−0.023%	$458K	$3.1M	10x	as long as short