Funding you earn now, next payment 00:00 UTC+0.0361%/8h= +39.5% APRnext payment +$0.45 per $10,000 · paid last 24h +0.032%
Price spread now: Deribit against Coinbase International−0.053%7-day average +0.090% · 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−$57as in the Price arb table
costs, in and out, $10k−$420.424% of the position
Funding, last 5 days (all we have)+0.054%+$5 on $10k
+Price spread, last 3 days (all we have)+0.095%+$10 · spread now −0.053%, 7d avg +0.090%
=Funding pays, the price is against you. Deribit is 0.143% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of +0.090%). If the spread goes back, that is −$14 on $10k: about 32 hours of funding at the current rate (+$11 a day). At the pace of the last 5 days (+0.054% in total) that is about 12 days.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.054% in total (about 4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.45 per $10,000. 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 | Coinbase International AMD-PERP-INTX | 623.04 | 0.0112 | pay 0.0014% / 1h | 40m 30s | $312K | $1.8M | 10x |
| Short | Deribit AMD_USDC-PERPETUAL | 622.71 | 0.0473 | get 0.0059% / 1h | 40m 30s | $78K | $151K | 10x |
Coinbase International AMD-PERP-INTX
Deribit AMD_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Coinbase International. 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
- $75.85
- Price spread: −0.053% → +0.090%
- −$14.25
- Slippage, 4 orders
- −$25.44
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $19.15
- Costs to cover
- 0.424%
- Break-even
- 5.2 days
Slippage from Coinbase International: live order book, 3 min ago; Deribit: live order book, 33 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 Coinbase International live order book, 3 min ago | 3.05 bp | 11.9 bp −$12 | 15.1 bp −$151 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 33 min ago | 6.94 bp | 12.0 bp −$12 | 16.3 bp −$163 | 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 | −0.0824% | 4h | 623.49 | +0.072% | $82K | $1.6M | 10x | as long as short |
| SunX AMD-USDT | 0.0000% | 8h | 622.98 | −0.010% | $1K | $8.7M | 10x | as long as short |
| Phemex AMDUSDT | 0.0000% | 8h | 622.30 | −0.119% | $1.8M | $459K | 10x | as long as short |
| Lighter RH AMD | +0.0032% | 1h | 622.31 | −0.117% | $854K | $4.3M | 10x | as long as short |
| Injective AMD/USDC PERP | +0.0033% | 1h | 611.72 | −1.817% | $5K | $55K | 12x | as long as short |
| Vest AMD-USD-PERP | +0.0049% | 1h | 623.85 | +0.130% | — | $926K | 25x | as long as short |
| Ondo Perps AMD-USD.P | +0.0050% | 1h | 622.01 | −0.165% | $1.5M | $4.4M | 10x | as long as short |
| QFEX AMD-USD | +0.0080% | 1h | 622.77 | −0.043% | $2.3M | $13.3M | 10x | as long as short |
| KuCoin AMDUSDTM | +0.0100% | 8h | 622.42 | −0.100% | $1.9M | $313K | 20x | as long as short |
| Orderly PERP_AMD_USDC_mythos | +0.0100% | 8h | 623.22 | +0.029% | $373 | $6K | 10x | as long as short |
edgeX AMDUSDC
SunX AMD-USDT
Phemex AMDUSDT
Lighter RH AMD
Injective AMD/USDC PERP
Vest AMD-USD-PERP
Ondo Perps AMD-USD.P
QFEX AMD-USD
KuCoin AMDUSDTM
Orderly PERP_AMD_USDC_mythosShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International AMD-PERP-INTXlong | +0.0112% | 1h | 623.04 | long leg | $312K | $1.8M | 10x | |
| Lighter AMD | +0.0176% | 1h | 622.47 | −0.091% | $539K | $2.3M | 10x | as long as short |
| Phoenix AMD | +0.0219% | 1h | 622.87 | −0.027% | $2K | $92K | 10x | as long as short |
| Gate AMD_USDT | +0.0226% | 8h | 622.95 | −0.014% | $4.5M | $13.4M | 50x | as long as short |
| OKX AMD-USDT-SWAP | +0.0227% | 8h | 622.63 | −0.066% | $6.9M | $28.4M | 25x | as long as short |
| Aevo AMD-PERP | +0.0240% | 1h | 623.23 | +0.030% | $11K | — | 10x | as long as short |
| Aster AMDUSDT | +0.0293% | 8h | 621.80 | −0.200% | $72K | $416K | 50x | as long as short |
| SoDEX AMD-USD | +0.0419% | 1h | 622.90 | −0.022% | $26K | $24K | 10x | as long as short |
| Nado AMD-PERP | +0.0430% | 1h | 621.99 | −0.168% | $319K | $171K | 10x | as long as short |
| Polymarket Perps AMD-USD | +0.0437% | 1h | 622.38 | −0.106% | $397K | $1.5M | 10x | as long as short |
| tradeXYZ xyz:AMD | +0.0438% | 1h | 622.08 | −0.154% | $25.0M | $93.5M | 10x | as long as short |
| Deribit AMD_USDC-PERPETUALshort | +0.0473% | 1h | 622.71 | −0.053% | $78K | $151K | 10x | |
| ApeX Omni AMDUSDT | +0.0506% | 1h | 624.65 | +0.258% | $80K | $258K | 50x | as long as short |
| Variational Omni AMD | +0.0591% | 8h | 623.20 | +0.026% | $2.6M | $3.2M | — | as long as short |
| Extended AMD_24_5-USD | +0.0640% | 1h | 622.67 | −0.060% | $467K | $2.1M | 10x | as long as short |
| Binance AMDUSDT | +0.0641% | 8h | 622.75 | −0.047% | $75.9M | $191.5M | 25x | as long as short |
| BloFin AMD-USDT | +0.0661% | 8h | 622.93 | −0.018% | $6K | $551K | 20x | as long as short |
| HTX AMD-USDT | +0.0715% | 8h | 622.96 | −0.013% | $132K | $579K | 20x | as long as short |
| Bitget AMDUSDT | +0.0748% | 8h | 622.78 | −0.042% | $10.1M | $17.5M | 20x | as long as short |
| Arcus AMD-USD | +0.0782% | 1h | 623.44 | +0.064% | $145K | $265K | 10x | as long as short |
| GRVT AMD_USDT_Perp | +0.1770% | 8h | 623.46 | +0.067% | $18K | $131K | 10x | as long as short |
Lighter AMD
Phoenix AMD
Gate AMD_USDT
OKX AMD-USDT-SWAP
Aevo AMD-PERP
Aster AMDUSDT
SoDEX AMD-USD
Nado AMD-PERP
Polymarket Perps AMD-USD
tradeXYZ xyz:AMD
ApeX Omni AMDUSDT
Variational Omni AMD
Extended AMD_24_5-USD
Binance AMDUSDT
BloFin AMD-USDT
HTX AMD-USDT
Bitget AMDUSDT
Arcus AMD-USD
GRVT AMD_USDT_Perp