Funding you earn now, next payment 06:00 UTC−0.0378%/8h= −41.4% APRpaid last 24h −0.057%
Price spread now: Deribit against Binance−0.065%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$340.340% of the position
Funding, last 5 days (all we have)−0.043%−$4 on $10k
+Price spread, last 4 days (all we have)+0.035%+$4 · spread now −0.065%, 7d avg −0.035%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Deribit is 0.029% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.035%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.043% in total (about -3.2% 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 | Binance AMDUSDT | 612.84 | 0.0378 | pay 0.0378% / 8h | 2h 38m | $71.3M | $200.4M | 25x |
| Short | Deribit AMD_USDC-PERPETUAL | 612.44 | 0 | get 0.0000% / 1h | 38m 49s | $76K | $151K | 10x |
Binance AMDUSDT
Deribit AMD_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$79.41
- Price spread: −0.065% → −0.035%
- −$2.94
- Slippage, 4 orders
- −$17.03
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$116.38
- Costs to cover
- 0.340%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; Deribit: live order book, 10 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 | 0.41 bp | 7.8 bp −$8 | 13.5 bp −$135 | 50.9 bp −$5,093 | doesn't fit |
| Sell Deribit live order book, 10 min ago | 3.49 bp | 11.1 bp −$11 | 13.7 bp −$137 | 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 | −0.0725% | 4h | 614.95 | +0.345% | $73K | $1.7M | 10x | as long as short |
| Bitget AMDUSDT | −0.0005% | 8h | 613.10 | +0.043% | $10.3M | $17.3M | 20x | as long as short |
| Gate AMD_USDT | 0.0000% | 8h | 612.83 | −0.001% | $4.4M | $14.0M | 50x | as long as short |
| SunX AMD-USDT | 0.0000% | 8h | 612.93 | +0.015% | $2K | $8.2M | 10x | as long as short |
| Deribit AMD_USDC-PERPETUALshort | 0.0000% | 1h | 612.44 | −0.065% | $76K | $151K | 10x | |
| HTX AMD-USDT | 0.0000% | 8h | 613.03 | +0.032% | $114K | $623K | 20x | as long as short |
| Phemex AMDUSDT | 0.0000% | 8h | 612.92 | +0.014% | $1.7M | $462K | 10x | as long as short |
| Lighter AMD | +0.0032% | 1h | 612.33 | −0.083% | $531K | $2.6M | 10x | as long as short |
| Lighter RH AMD | +0.0032% | 1h | 612.26 | −0.094% | $804K | $4.6M | 10x | as long as short |
| QFEX AMD-USD | +0.0032% | 1h | 612.57 | −0.043% | $2.0M | $11.5M | 10x | as long as short |
edgeX AMDUSDC
Bitget AMDUSDT
Gate AMD_USDT
SunX AMD-USDT
HTX AMD-USDT
Phemex AMDUSDT
Lighter AMD
Lighter RH AMD
QFEX AMD-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado AMD-PERP | +0.0034% | 1h | 612.55 | −0.047% | $255K | $239K | 10x | as long as short |
| Arcus AMD-USD | +0.0040% | 1h | 613.53 | +0.113% | $137K | $272K | 10x | as long as short |
| Vest AMD-USD-PERP | +0.0046% | 1h | 613.54 | +0.115% | — | $925K | 25x | as long as short |
| Aster AMDUSDT | +0.0049% | 8h | 612.52 | −0.052% | $69K | $415K | 50x | as long as short |
| tradeXYZ xyz:AMD | +0.0050% | 1h | 612.25 | −0.096% | $23.1M | $94.9M | 10x | as long as short |
| Polymarket Perps AMD-USD | +0.0050% | 1h | 612.62 | −0.035% | $400K | $1.5M | 10x | as long as short |
| SoDEX AMD-USD | +0.0050% | 1h | 612.48 | −0.058% | $25K | $24K | 10x | as long as short |
| Ondo Perps AMD-USD.P | +0.0050% | 1h | 612.19 | −0.105% | $1.2M | $5.0M | 10x | as long as short |
| Coinbase International AMD-PERP-INTX | +0.0072% | 1h | 611.74 | −0.179% | $318K | $1.9M | 10x | as long as short |
| KuCoin AMDUSDTM | +0.0100% | 8h | 612.26 | −0.094% | $1.9M | $296K | 20x | as long as short |
| ApeX Omni AMDUSDT | +0.0100% | 1h | 612.30 | −0.088% | $79K | $256K | 50x | as long as short |
| Orderly PERP_AMD_USDC_mythos | +0.0100% | 8h | 612.55 | −0.047% | $366 | $6K | 10x | as long as short |
| OKX AMD-USDT-SWAP | +0.0127% | 8h | 612.70 | −0.022% | $6.5M | $28.7M | 25x | as long as short |
| GRVT AMD_USDT_Perp | +0.0128% | 8h | 613.42 | +0.096% | $19K | $164K | 10x | as long as short |
| Aevo AMD-PERP | +0.0176% | 1h | 612.89 | +0.008% | $11K | — | 10x | as long as short |
| Phoenix AMD | +0.0195% | 1h | 614.69 | +0.302% | $2K | $90K | 10x | as long as short |
| Injective AMD/USDC PERP | +0.0220% | 1h | 619.05 | +1.014% | $2K | $57K | 12x | as long as short |
| Variational Omni AMD | +0.0297% | 8h | 613.22 | +0.063% | $2.5M | $3.3M | — | as long as short |
| BloFin AMD-USDT | +0.0359% | 8h | 612.99 | +0.025% | $6K | $545K | 20x | as long as short |
| Extended AMD_24_5-USD | +0.0376% | 1h | 612.59 | −0.040% | $457K | $3.1M | 10x | as long as short |
| Binance AMDUSDTlong | +0.0378% | 8h | 612.84 | long leg | $71.3M | $200.4M | 25x |
Nado AMD-PERP
Arcus AMD-USD
Vest AMD-USD-PERP
Aster AMDUSDT
tradeXYZ xyz:AMD
Polymarket Perps AMD-USD
SoDEX AMD-USD
Ondo Perps AMD-USD.P
Coinbase International AMD-PERP-INTX
KuCoin AMDUSDTM
ApeX Omni AMDUSDT
Orderly PERP_AMD_USDC_mythos
OKX AMD-USDT-SWAP
GRVT AMD_USDT_Perp
Aevo AMD-PERP
Phoenix AMD
Injective AMD/USDC PERP
Variational Omni AMD
BloFin AMD-USDT
Extended AMD_24_5-USD