Funding arb · Price arb /

AMD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0422%/8h= −46.2% APRpaid last 24h −0.017%

Price spread now: KuCoin against Deribit+0.076%53s7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2322.319% of the position

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.235%+$24 · spread now +0.076%, 7d avg −0.021%

Together, before fees+0.217%+$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.096% dearer against Deribit than usual: you sell high and buy low (spread +0.076% now, against its 7-day average of −0.021%): +$10 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 5 days (−0.018% in total) that is about 27 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.018% in total (about -1.3% 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	Deribit AMD_USDC-PERPETUAL	609.18	0.0522	pay 0.0065% / 1h	2m 26s	$76K	$151K	10x
Short	KuCoin AMDUSDTM	609.64	0.0100	get 0.0100% / 8h	7h 02m	$1.9M	$373K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Deribit. 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 DeribitbpFee KuCoinbpOrdersPrice spread, now +0.076%Rate

Funding earned: −$88.65
Price spread: +0.076% → −0.021%: $9.64
Slippage, 4 orders: −$212.85
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$310.86
Costs to cover: 2.319%
Break-even: never at this rate

Slippage from Deribit: live order book, 31 min ago; KuCoin: live order book, 4 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 Deribit live order book, 31 min ago	5.86 bp	9.4 bp −$9	12.2 bp −$122	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	6.14 bp	165.6 bp −$166	doesn't fit	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	−0.0669%	4h	610.33	+0.189%	$73K	$1.7M	10x	as long as short
Injective AMD/USDC PERP	−0.0220%	1h	551.13	−9.529%	$2K	$59K	12x	as long as short
Aster AMDUSDT	0.0000%	8h	609.59	+0.067%	$68K	$416K	50x	as long as short
Gate AMD_USDT	0.0000%	8h	610.15	+0.159%	$4.7M	$15.6M	50x	as long as short
Bitget AMDUSDT	0.0000%	8h	610.12	+0.154%	$10.2M	$16.7M	20x	as long as short
SunX AMD-USDT	0.0000%	8h	609.69	+0.084%	$2K	$7.6M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	609.74	+0.092%	$94K	$657K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	610.06	+0.144%	$1.7M	$465K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	609.75	+0.094%	$804K	$4.7M	10x	as long as short
Arcus AMD-USD	+0.0040%	1h	609.71	+0.087%	$122K	$280K	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	+0.0046%	1h	610.13	+0.156%	—	$924K	25x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	609.63	+0.074%	$393K	$1.6M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	608.77	−0.067%	$1.4M	$5.4M	10x	as long as short
Lighter AMD	+0.0064%	1h	609.82	+0.105%	$521K	$2.6M	10x	as long as short
tradeXYZ xyz:AMD	+0.0072%	1h	609.49	+0.051%	$21.1M	$97.3M	10x	as long as short
QFEX AMD-USD	+0.0076%	1h	609.90	+0.118%	$2.0M	$11.4M	10x	as long as short
OKX AMD-USDT-SWAP	+0.0091%	8h	609.97	+0.130%	$6.7M	$29.9M	25x	as long as short
KuCoin AMDUSDTMshort	+0.0100%	8h	609.64	+0.076%	$1.9M	$373K	20x
ApeX Omni AMDUSDT	+0.0100%	1h	609.97	+0.130%	$79K	$254K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	609.96	+0.128%	$365	$6K	10x	as long as short
Nado AMD-PERP	+0.0100%	1h	608.95	−0.039%	$250K	$246K	10x	as long as short
Phoenix AMD	+0.0118%	1h	609.92	+0.121%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0152%	1h	609.65	+0.077%	$11K	—	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0152%	1h	609.60	+0.069%	$306K	$1.9M	10x	as long as short
SoDEX AMD-USD	+0.0202%	1h	609.77	+0.097%	$25K	$20K	10x	as long as short
Variational Omni AMD	+0.0208%	8h	609.95	+0.127%	$2.0M	$3.8M	—	as long as short
Binance AMDUSDT	+0.0285%	8h	610.05	+0.143%	$72.1M	$205.4M	25x	as long as short
Extended AMD_24_5-USD	+0.0288%	1h	609.83	+0.106%	$457K	$3.4M	10x	as long as short
BloFin AMD-USDT	+0.0291%	8h	609.81	+0.103%	$6K	$560K	20x	as long as short
Deribit AMD_USDC-PERPETUALlong	+0.0522%	1h	609.18	long leg	$76K	$151K	10x
GRVT AMD_USDT_Perp	+0.0744%	8h	610.19	+0.166%	$20K	$191K	10x	as long as short