Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0280%/8h= +30.6% APRpaid last 24h +0.036%

Price spread now: Deribit against KuCoin+0.068%7-day average +0.024% · 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−$190as in the Price arb table

costs, in and out, $10k−$1951.945% of the position

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.028%+$3 on $10k

Price spread, last 4 days (all we have)−0.157%−$16 · spread now +0.068%, 7d avg +0.024%

Together, before fees−0.129%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Deribit is 0.044% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.024%.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.028% in total (about 2.1% 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	KuCoin AMDUSDTM	619.49	0.0100	pay 0.0100% / 8h	3h 29m	$1.9M	$294K	20x
Short	Deribit AMD_USDC-PERPETUAL	619.91	0.0380	get 0.0047% / 1h	29m 58s	$77K	$151K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against KuCoin. 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 KuCoinbpFee DeribitbpOrdersPrice spread, now +0.068%Rate

Funding earned: $58.7
Price spread: +0.068% → +0.024%: $4.4
Slippage, 4 orders: −$175.53
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$131.43
Costs to cover: 1.945%
Break-even: 22.7 days

Slippage from KuCoin: live order book, 1 min ago; Deribit: live order book, 23 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 KuCoin live order book, 1 min ago	6.78 bp	60.8 bp −$61	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 23 min ago	0.08 bp	7.8 bp −$8	10.4 bp −$104	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	−0.0866%	4h	618.51	−0.159%	$78K	$1.7M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	619.90	+0.066%	$4.5M	$13.7M	50x	as long as short
Bitget AMDUSDT	0.0000%	8h	620.18	+0.111%	$10.3M	$17.1M	20x	as long as short
SunX AMD-USDT	0.0000%	8h	619.95	+0.074%	$1K	$8.2M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	620.13	+0.103%	$117K	$623K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.12	+0.102%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	619.67	+0.029%	$836K	$4.5M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	619.05	−0.071%	$2K	$57K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	619.28	−0.034%	$144K	$265K	10x	as long as short
QFEX AMD-USD	+0.0049%	1h	619.83	+0.055%	$2.1M	$11.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AMD-USD	+0.0050%	1h	619.74	+0.040%	$397K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	619.79	+0.048%	$25K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.11	−0.061%	$1.3M	$4.4M	10x	as long as short
Lighter AMD	+0.0056%	1h	619.78	+0.047%	$538K	$2.5M	10x	as long as short
Vest AMD-USD-PERP	+0.0062%	1h	620.82	+0.215%	—	$923K	25x	as long as short
Coinbase International AMD-PERP-INTX	+0.0088%	1h	617.90	−0.257%	$313K	$1.8M	10x	as long as short
Nado AMD-PERP	+0.0088%	1h	619.13	−0.057%	$265K	$234K	10x	as long as short
KuCoin AMDUSDTMlong	+0.0100%	8h	619.49	long leg	$1.9M	$294K	20x
ApeX Omni AMDUSDT	+0.0100%	1h	618.88	−0.098%	$80K	$257K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	619.64	+0.024%	$371	$6K	10x	as long as short
tradeXYZ xyz:AMD	+0.0122%	1h	619.70	+0.034%	$23.5M	$94.4M	10x	as long as short
Phoenix AMD	+0.0141%	1h	618.73	−0.123%	$2K	$90K	10x	as long as short
Aster AMDUSDT	+0.0173%	8h	619.02	−0.076%	$69K	$414K	50x	as long as short
OKX AMD-USDT-SWAP	+0.0210%	8h	619.55	+0.010%	$6.8M	$28.2M	25x	as long as short
Aevo AMD-PERP	+0.0216%	1h	620.46	+0.157%	$11K	—	10x	as long as short
GRVT AMD_USDT_Perp	+0.0238%	8h	618.78	−0.115%	$17K	$157K	10x	as long as short
Deribit AMD_USDC-PERPETUALshort	+0.0380%	1h	619.91	+0.068%	$77K	$151K	10x
Variational Omni AMD	+0.0452%	8h	619.69	+0.032%	$2.5M	$3.3M	—	as long as short
BloFin AMD-USDT	+0.0519%	8h	619.85	+0.058%	$6K	$549K	20x	as long as short
Binance AMDUSDT	+0.0524%	8h	619.50	+0.002%	$72.7M	$196.0M	25x	as long as short
Extended AMD_24_5-USD	+0.0528%	1h	619.47	−0.004%	$461K	$1.9M	10x	as long as short