Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0508%/8h= +55.7% APRpaid last 24h +0.040%

Price spread now: Deribit against OKX−0.045%7-day average +0.015% · 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−$38as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on OKX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.105%+$10 on $10k

Price spread, last 3 days (all we have)+0.001%$0 · spread now −0.045%, 7d avg +0.015%

Together, before fees+0.106%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.061% cheaper against OKX than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of +0.015%). If the spread goes back, that is −$6 on $10k: about 10 hours of funding at the current rate (+$15 a day). At the pace of the last 5 days (+0.105% in total) that is about 2.7 days.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.105% in total (about 8.3% 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	OKX AMD-USDT-SWAP	619.79	0.0066	pay 0.0066% / 8h	1h 08m	$6.8M	$28.7M	25x
Short	Deribit AMD_USDC-PERPETUAL	619.51	0.0574	get 0.0072% / 1h	8m 53s	$77K	$163K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against OKX. 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 OKXbpFee DeribitbpOrdersPrice spread, now −0.045%Rate

Funding earned: $106.76
Price spread: −0.045% → +0.015%: −$6.05
Slippage, 4 orders: −$15.21
Fee OKX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $68.5
Costs to cover: 0.322%
Break-even: 2.5 days

Slippage from OKX: live order book, 5 min ago; Deribit: live order book, 9 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 OKX live order book, 5 min ago	0.08 bp	6.8 bp −$7	11.1 bp −$111	doesn't fit	doesn't fit
Sell Deribit live order book, 9 min ago	5.57 bp	10.4 bp −$10	14.1 bp −$141	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	−0.0521%	4h	619.71	−0.012%	$81K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	619.94	+0.024%	$4.4M	$13.6M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	619.83	+0.006%	$1K	$9.0M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	619.52	−0.044%	$132K	$580K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	619.38	−0.066%	$1.8M	$460K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	619.42	−0.060%	$834K	$4.7M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.302%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	620.52	+0.118%	—	$950K	25x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	619.05	−0.119%	$1.5M	$4.9M	10x	as long as short
Polymarket Perps AMD-USD	+0.0054%	1h	619.46	−0.053%	$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
OKX AMD-USDT-SWAPlong	+0.0066%	8h	619.79	long leg	$6.8M	$28.7M	25x
Coinbase International AMD-PERP-INTX	+0.0072%	1h	618.86	−0.150%	$311K	$1.8M	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	619.71	−0.013%	$2.3M	$13.3M	10x	as long as short
tradeXYZ xyz:AMD	+0.0094%	1h	619.31	−0.077%	$24.8M	$95.3M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	619.46	−0.053%	$1.9M	$320K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	619.65	−0.023%	$378	$6K	10x	as long as short
Phoenix AMD	+0.0169%	1h	619.21	−0.094%	$2K	$94K	10x	as long as short
Aster AMDUSDT	+0.0178%	8h	619.02	−0.125%	$72K	$416K	50x	as long as short
Lighter AMD	+0.0192%	1h	619.56	−0.037%	$536K	$2.6M	10x	as long as short
ApeX Omni AMDUSDT	+0.0194%	1h	619.34	−0.073%	$80K	$259K	50x	as long as short
Aevo AMD-PERP	+0.0208%	1h	620.03	+0.039%	$11K	—	10x	as long as short
SoDEX AMD-USD	+0.0265%	1h	619.71	−0.013%	$25K	$24K	10x	as long as short
Nado AMD-PERP	+0.0413%	1h	619.07	−0.116%	$316K	$166K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0453%	8h	619.68	−0.018%	$17K	$137K	10x	as long as short
Variational Omni AMD	+0.0460%	8h	619.72	−0.011%	$2.7M	$3.1M	—	as long as short
BloFin AMD-USDT	+0.0493%	8h	619.85	+0.010%	$6K	$546K	20x	as long as short
Extended AMD_24_5-USD	+0.0512%	1h	619.76	−0.005%	$458K	$1.5M	10x	as long as short
Binance AMDUSDT	+0.0513%	8h	619.89	+0.016%	$75.6M	$193.1M	25x	as long as short
Bitget AMDUSDT	+0.0520%	8h	619.62	−0.027%	$10.1M	$18.2M	20x	as long as short
Deribit AMD_USDC-PERPETUALshort	+0.0574%	1h	619.51	−0.045%	$77K	$163K	10x
Arcus AMD-USD	+0.0780%	1h	619.65	−0.023%	$145K	$267K	10x	as long as short