Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h −0.005%

Price spread now: Coinbase International against Orderly−0.261%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Coinbase International

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Coinbase International is 0.261% cheaper against Orderly than usual: you would sell low and buy high (spread −0.261% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 17 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AMD_USDC_mythos	606.31	0.0100	pay 0.0100% / 8h	7h 22m	$363	$6K	10x
Short	Coinbase International AMD-PERP-INTX	604.73	0.0152	get 0.0019% / 1h	22m 29s	$306K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Orderly. 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 OrderlybpFee Coinbase InternationalbpOrdersPrice spread, now −0.261%Rate

Funding earned: $10.92
Price spread: −0.261% → 0.000%: −$26.06
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$31.14
Costs to cover: 0.160%
Break-even: 27.0 days

Slippage unknown: Orderly: no order-book sample; Coinbase International: 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 Orderly no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 1 min ago	5.20 bp	10.2 bp −$10	13.7 bp −$137	doesn't fit	doesn't fit

Orderly: 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	−0.0436%	4h	605.27	−0.171%	$72K	$1.7M	10x	as long as short
Injective AMD/USDC PERP	−0.0220%	1h	551.13	−9.101%	$2K	$59K	12x	as long as short
Bitget AMDUSDT	−0.0036%	8h	607.48	+0.193%	$10.0M	$16.6M	20x	as long as short
Aster AMDUSDT	0.0000%	8h	606.88	+0.094%	$69K	$416K	50x	as long as short
Gate AMD_USDT	0.0000%	8h	607.01	+0.115%	$4.7M	$14.9M	50x	as long as short
SunX AMD-USDT	0.0000%	8h	606.67	+0.059%	$2K	$7.8M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	606.74	+0.071%	$101K	$652K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	606.73	+0.069%	$1.7M	$465K	10x	as long as short
GRVT AMD_USDT_Perp	+0.0014%	8h	605.29	−0.168%	$19K	$187K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	607.12	+0.134%	$788K	$4.7M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AMD	+0.0040%	1h	607.18	+0.143%	$520K	$2.5M	10x	as long as short
Arcus AMD-USD	+0.0040%	1h	607.23	+0.152%	$122K	$280K	10x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	607.34	+0.170%	—	$924K	25x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	606.97	+0.109%	$21.0M	$97.3M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	606.75	+0.073%	$391K	$1.6M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	606.48	+0.028%	$25K	$20K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	605.64	−0.111%	$1.4M	$5.4M	10x	as long as short
OKX AMD-USDT-SWAP	+0.0062%	8h	607.27	+0.158%	$6.7M	$29.5M	25x	as long as short
Nado AMD-PERP	+0.0074%	1h	606.72	+0.068%	$249K	$242K	10x	as long as short
QFEX AMD-USD	+0.0076%	1h	607.37	+0.175%	$2.0M	$11.4M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	606.23	−0.013%	$1.8M	$354K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	605.75	−0.092%	$78K	$254K	50x	as long as short
Orderly PERP_AMD_USDC_mythoslong	+0.0100%	8h	606.31	long leg	$363	$6K	10x
Phoenix AMD	+0.0118%	1h	606.10	−0.035%	$2K	$90K	10x	as long as short
Variational Omni AMD	+0.0121%	8h	605.33	−0.162%	$2.0M	$3.8M	—	as long as short
Aevo AMD-PERP	+0.0128%	1h	606.69	+0.063%	$11K	—	10x	as long as short
Coinbase International AMD-PERP-INTXshort	+0.0152%	1h	604.73	−0.261%	$306K	$1.8M	10x
Deribit AMD_USDC-PERPETUAL	+0.0162%	1h	606.37	+0.010%	$75K	$152K	10x	as long as short
BloFin AMD-USDT	+0.0189%	8h	606.80	+0.081%	$6K	$548K	20x	as long as short
Extended AMD_24_5-USD	+0.0200%	1h	607.10	+0.130%	$455K	$3.4M	10x	as long as short
Binance AMDUSDT	+0.0208%	8h	607.30	+0.163%	$71.6M	$206.4M	25x	as long as short