Funding arb · Price arb /

AMD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0248%/8h= +27.2% APRpaid last 24h +0.100%

Price spread now: Extended against OKX−0.077%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.166%+$17 on $10k

Price spread, last 7 days+0.162%+$16 · spread now −0.077%, 7d avg −0.026%

Together, before fees+0.328%+ Points / potential airdropExtended: Active · farm board+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.052% cheaper against OKX than usual: you would sell low and buy high (spread −0.077% now, against its 7-day average of −0.026%). If the spread goes back, that is −$5 on $10k: about 17 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.166% in total) that is about 2.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.166% in total (about 8.7% 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	613.93	0.0120	pay 0.0120% / 8h	2h 18m	$6.5M	$29.0M	25x
Short	Extended AMD_24_5-USD	613.46	0.0368	get 0.0046% / 1h	18m 20s	$457K	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.077%Rate

Funding earned: $52.16
Price spread: −0.077% → −0.026%: −$5.17
Slippage, 4 orders: −$16.77
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $15.22
Costs to cover: 0.318%
Break-even: 5.0 days

Slippage from OKX: live order book, 5 min ago; Extended: live order book, 5 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	0.25 bp	7.1 bp −$7	11.7 bp −$117	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	0.65 bp	7.5 bp −$7	43.3 bp −$433	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	−0.0813%	4h	612.40	−0.249%	$72K	$1.7M	10x	as long as short
Bitget AMDUSDT	−0.0317%	8h	613.85	−0.013%	$10.3M	$17.3M	20x	as long as short
Gate AMD_USDT	0.0000%	8h	614.02	+0.015%	$4.4M	$14.2M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	613.75	−0.029%	$2K	$8.1M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	613.66	−0.044%	$107K	$639K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	613.51	−0.068%	$1.7M	$462K	10x	as long as short
Lighter AMD	+0.0032%	1h	613.13	−0.130%	$526K	$2.6M	10x	as long as short
Lighter RH AMD	+0.0032%	1h	613.00	−0.151%	$823K	$4.7M	10x	as long as short
QFEX AMD-USD	+0.0032%	1h	613.62	−0.050%	$2.1M	$11.6M	10x	as long as short
Aster AMDUSDT	+0.0035%	8h	614.09	+0.026%	$69K	$415K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMD-USD	+0.0040%	1h	612.59	−0.218%	$137K	$273K	10x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	614.16	+0.037%	—	$925K	25x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	613.47	−0.075%	$394K	$1.6M	10x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	613.49	−0.072%	$23.1M	$95.0M	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	612.87	−0.173%	$1.3M	$5.3M	10x	as long as short
Coinbase International AMD-PERP-INTX	+0.0072%	1h	613.16	−0.125%	$317K	$1.9M	10x	as long as short
Nado AMD-PERP	+0.0090%	1h	612.79	−0.185%	$255K	$240K	10x	as long as short
SoDEX AMD-USD	+0.0095%	1h	613.31	−0.101%	$25K	$24K	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	613.30	−0.103%	$1.9M	$294K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	610.52	−0.555%	$78K	$256K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	613.83	−0.016%	$367	$6K	10x	as long as short
OKX AMD-USDT-SWAPlong	+0.0120%	8h	613.93	long leg	$6.5M	$29.0M	25x
GRVT AMD_USDT_Perp	+0.0143%	8h	611.22	−0.441%	$20K	$168K	10x	as long as short
Aevo AMD-PERP	+0.0176%	1h	613.80	−0.021%	$11K	—	10x	as long as short
Phoenix AMD	+0.0195%	1h	610.83	−0.505%	$2K	$90K	10x	as long as short
Injective AMD/USDC PERP	+0.0220%	1h	612.62	−0.213%	$2K	$59K	12x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0256%	1h	613.18	−0.122%	$76K	$151K	10x	as long as short
Variational Omni AMD	+0.0275%	8h	612.62	−0.213%	$2.5M	$3.3M	—	as long as short
BloFin AMD-USDT	+0.0354%	8h	613.50	−0.070%	$6K	$546K	20x	as long as short
Binance AMDUSDT	+0.0368%	8h	613.99	+0.010%	$72.1M	$202.9M	25x	as long as short
Extended AMD_24_5-USDshort	+0.0368%	1h	613.46	−0.077%	$457K	$3.1M	10x