Funding you earn now, next payment 23:00 UTC−0.0511%/8h= −56.0% APRnext payment −$0.64 per $10,000 · paid last 24h −0.017%
Price spread now: Phoenix against Deribit−0.021%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Phoenix is 0.021% cheaper against Deribit than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit AMD_USDC-PERPETUAL | 620.61 | 0.0718 | pay 0.0090% / 1h | 4m 46s | $77K | $160K | 10x |
| Short | Phoenix AMD | 620.48 | 0.0207 | get 0.0026% / 1h | 4m 46s | $2K | $92K | 10x |
Deribit AMD_USDC-PERPETUAL
Phoenix AMDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Deribit. 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
- −$107.33
- Price spread: −0.021% → 0.000%
- −$2.09
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$123.42
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 9 min ago; Phoenix: no order-book sample. 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, 9 min ago | 6.94 bp | 10.4 bp −$10 | 14.6 bp −$146 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0155% | 4h | 620.52 | −0.014% | $81K | $1.6M | 10x | as long as short |
| Gate AMD_USDT | 0.0000% | 8h | 621.11 | +0.081% | $4.4M | $13.7M | 50x | as long as short |
| SunX AMD-USDT | 0.0000% | 8h | 620.81 | +0.032% | $2K | $8.9M | 10x | as long as short |
| HTX AMD-USDT | 0.0000% | 8h | 620.59 | −0.003% | $132K | $579K | 20x | as long as short |
| Phemex AMDUSDT | 0.0000% | 8h | 620.49 | −0.019% | $1.8M | $460K | 10x | as long as short |
| Lighter RH AMD | +0.0032% | 1h | 620.37 | −0.039% | $839K | $4.6M | 10x | as long as short |
| Injective AMD/USDC PERP | +0.0033% | 1h | 611.72 | −1.432% | $5K | $55K | 12x | as long as short |
| Vest AMD-USD-PERP | +0.0046% | 1h | 621.60 | +0.160% | — | $950K | 25x | as long as short |
| Polymarket Perps AMD-USD | +0.0050% | 1h | 620.39 | −0.035% | $395K | $1.6M | 10x | as long as short |
| Ondo Perps AMD-USD.P | +0.0050% | 1h | 619.87 | −0.119% | $1.5M | $4.9M | 10x | as long as short |
edgeX AMDUSDC
Gate AMD_USDT
SunX AMD-USDT
HTX AMD-USDT
Phemex AMDUSDT
Lighter RH AMD
Injective AMD/USDC PERP
Vest AMD-USD-PERP
Polymarket Perps AMD-USD
Ondo Perps AMD-USD.PShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX AMD-USD | +0.0080% | 1h | 620.66 | +0.008% | $2.3M | $13.6M | 10x | as long as short |
| Coinbase International AMD-PERP-INTX | +0.0080% | 1h | 620.60 | −0.002% | $312K | $1.8M | 10x | as long as short |
| SoDEX AMD-USD | +0.0089% | 1h | 620.75 | +0.023% | $25K | $24K | 10x | as long as short |
| KuCoin AMDUSDTM | +0.0100% | 8h | 620.53 | −0.013% | $1.9M | $313K | 20x | as long as short |
| ApeX Omni AMDUSDT | +0.0100% | 1h | 620.51 | −0.016% | $80K | $258K | 50x | as long as short |
| Orderly PERP_AMD_USDC_mythos | +0.0100% | 8h | 620.66 | +0.008% | $379 | $6K | 10x | as long as short |
| tradeXYZ xyz:AMD | +0.0127% | 1h | 620.33 | −0.045% | $24.9M | $94.4M | 10x | as long as short |
| Lighter AMD | +0.0128% | 1h | 620.44 | −0.027% | $530K | $2.5M | 10x | as long as short |
| OKX AMD-USDT-SWAP | +0.0169% | 8h | 620.74 | +0.021% | $6.8M | $28.7M | 25x | as long as short |
| Phoenix AMDshort | +0.0207% | 1h | 620.48 | −0.021% | $2K | $92K | 10x | |
| Aster AMDUSDT | +0.0207% | 8h | 620.83 | +0.035% | $72K | $416K | 50x | as long as short |
| Aevo AMD-PERP | +0.0216% | 1h | 621.07 | +0.075% | $11K | — | 10x | as long as short |
| Nado AMD-PERP | +0.0449% | 1h | 620.07 | −0.087% | $318K | $167K | 10x | as long as short |
| GRVT AMD_USDT_Perp | +0.0468% | 8h | 620.44 | −0.027% | $18K | $133K | 10x | as long as short |
| Variational Omni AMD | +0.0498% | 8h | 620.77 | +0.026% | $2.6M | $3.2M | — | as long as short |
| BloFin AMD-USDT | +0.0533% | 8h | 620.87 | +0.042% | $6K | $546K | 20x | as long as short |
| Bitget AMDUSDT | +0.0539% | 8h | 620.89 | +0.045% | $10.1M | $18.0M | 20x | as long as short |
| Extended AMD_24_5-USD | +0.0544% | 1h | 620.71 | +0.017% | $464K | $1.5M | 10x | as long as short |
| Binance AMDUSDT | +0.0546% | 8h | 620.91 | +0.049% | $75.6M | $192.7M | 25x | as long as short |
| Deribit AMD_USDC-PERPETUALlong | +0.0718% | 1h | 620.61 | long leg | $77K | $160K | 10x | |
| Arcus AMD-USD | +0.0919% | 1h | 620.58 | −0.005% | $145K | $264K | 10x | as long as short |
QFEX AMD-USD
Coinbase International AMD-PERP-INTX
SoDEX AMD-USD
KuCoin AMDUSDTM
ApeX Omni AMDUSDT
Orderly PERP_AMD_USDC_mythos
tradeXYZ xyz:AMD
Lighter AMD
OKX AMD-USDT-SWAP
Aster AMDUSDT
Aevo AMD-PERP
Nado AMD-PERP
GRVT AMD_USDT_Perp
Variational Omni AMD
BloFin AMD-USDT
Bitget AMDUSDT
Extended AMD_24_5-USD
Binance AMDUSDT
Arcus AMD-USD