Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0685%/8h= −75.1% APRpaid last 24h −0.052%

Price spread now: Phemex against Deribit+0.069%7-day average +0.038% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.127%−$13 on $10k

Price spread, last 3 days (all we have)−0.066%−$7 · spread now +0.069%, 7d avg +0.038%

Together, before fees−0.193%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.031% dearer against Deribit than usual: you sell high and buy low (spread +0.069% now, against its 7-day average of +0.038%): +$3 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 5 days (−0.127% in total) that is about 27 hours.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.127% in total (about -10.0% 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	620.57	0.0685	pay 0.0086% / 1h	52m 06s	$77K	$163K	10x
Short	Phemex AMDUSDT	621.00	0	get 0.0000% / 8h	52m 06s	$1.8M	$459K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PhemexbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$143.95
Price spread: +0.069% → +0.038%: $3.09
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$159.86
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 26 min ago; Phemex: live order book, 1 min ago. Net counts fees only.

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, 26 min ago	5.57 bp	9.1 bp −$9	12.5 bp −$125	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	9.75 bp	doesn't fit	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	−0.0170%	4h	620.61	+0.007%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	621.04	+0.076%	$4.4M	$13.5M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	620.90	+0.053%	$1K	$9.0M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.53	−0.006%	$132K	$581K	20x	as long as short
Phemex AMDUSDTshort	0.0000%	8h	621.00	+0.069%	$1.8M	$459K	10x
Lighter RH AMD	+0.0032%	1h	620.43	−0.023%	$836K	$4.6M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.426%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	621.51	+0.151%	—	$950K	25x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.76	−0.131%	$1.5M	$4.8M	10x	as long as short
Polymarket Perps AMD-USD	+0.0080%	1h	620.50	−0.011%	$395K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX AMD-USD	+0.0080%	1h	620.71	+0.023%	$2.3M	$13.4M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0080%	1h	619.63	−0.151%	$312K	$1.8M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.23	−0.055%	$1.9M	$315K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	620.73	+0.026%	$379	$6K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0103%	8h	620.82	+0.040%	$6.8M	$28.6M	25x	as long as short
tradeXYZ xyz:AMD	+0.0142%	1h	620.25	−0.052%	$24.8M	$94.8M	10x	as long as short
ApeX Omni AMDUSDT	+0.0186%	1h	619.72	−0.137%	$80K	$259K	50x	as long as short
Phoenix AMD	+0.0207%	1h	619.83	−0.119%	$2K	$92K	10x	as long as short
Aster AMDUSDT	+0.0209%	8h	621.05	+0.078%	$72K	$416K	50x	as long as short
Aevo AMD-PERP	+0.0216%	1h	621.08	+0.082%	$11K	—	10x	as long as short
Lighter AMD	+0.0240%	1h	620.61	+0.006%	$533K	$2.5M	10x	as long as short
SoDEX AMD-USD	+0.0363%	1h	620.80	+0.037%	$25K	$24K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0478%	8h	620.56	−0.002%	$17K	$136K	10x	as long as short
Variational Omni AMD	+0.0480%	8h	620.23	−0.055%	$2.7M	$3.2M	—	as long as short
BloFin AMD-USDT	+0.0525%	8h	620.85	+0.045%	$6K	$545K	20x	as long as short
Nado AMD-PERP	+0.0526%	1h	620.02	−0.089%	$318K	$167K	10x	as long as short
Bitget AMDUSDT	+0.0539%	8h	620.79	+0.035%	$10.1M	$18.1M	20x	as long as short
Binance AMDUSDT	+0.0542%	8h	620.92	+0.056%	$75.7M	$192.1M	25x	as long as short
Extended AMD_24_5-USD	+0.0544%	1h	620.80	+0.037%	$464K	$1.5M	10x	as long as short
Deribit AMD_USDC-PERPETUALlong	+0.0685%	1h	620.57	long leg	$77K	$163K	10x
Arcus AMD-USD	+0.0919%	1h	620.64	+0.011%	$145K	$265K	10x	as long as short