Funding arb · Price arb /

AMD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0390%/8h= +42.7% APRpaid last 24h +0.033%

Price spread now: Deribit against Orderly−0.075%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 Deribit

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. Deribit is 0.075% cheaper against Orderly than usual: you would sell low and buy high (spread −0.075% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 15 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AMD_USDC_mythos	622.60	0.0100	pay 0.0100% / 8h	7h 38m	$372	$6K	10x
Short	Deribit AMD_USDC-PERPETUAL	622.13	0.0490	get 0.0061% / 1h	38m 37s	$77K	$151K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.075%Rate

Funding earned: $81.89
Price spread: −0.075% → 0.000%: −$7.55
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $61.34
Costs to cover: 0.130%
Break-even: 1.8 days

Slippage unknown: Orderly: no order-book sample; Deribit: live order book, 35 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 Deribit live order book, 35 min ago	6.94 bp	12.0 bp −$12	16.3 bp −$163	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	−0.0117%	4h	623.19	+0.094%	$82K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	622.64	+0.006%	$2K	$8.7M	10x	as long as short
Phemex AMDUSDT	0.0000%	8h	622.60	0.000%	$1.8M	$459K	10x	as long as short
Lighter RH AMD	+0.0032%	1h	622.08	−0.084%	$854K	$4.3M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.748%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0049%	1h	623.42	+0.132%	—	$926K	25x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	621.53	−0.172%	$1.5M	$4.3M	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	622.48	−0.019%	$2.3M	$13.3M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	622.06	−0.087%	$1.9M	$313K	20x	as long as short
Orderly PERP_AMD_USDC_mythoslong	+0.0100%	8h	622.60	long leg	$372	$6K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AMD-PERP-INTX	+0.0112%	1h	623.04	+0.071%	$312K	$1.8M	10x	as long as short
Lighter AMD	+0.0168%	1h	622.13	−0.075%	$539K	$2.3M	10x	as long as short
Phoenix AMD	+0.0219%	1h	622.87	+0.043%	$2K	$92K	10x	as long as short
OKX AMD-USDT-SWAP	+0.0232%	8h	622.42	−0.029%	$6.9M	$28.3M	25x	as long as short
Gate AMD_USDT	+0.0236%	8h	622.61	+0.002%	$4.5M	$13.4M	50x	as long as short
Aevo AMD-PERP	+0.0240%	1h	622.74	+0.022%	$11K	—	10x	as long as short
Aster AMDUSDT	+0.0295%	8h	621.47	−0.182%	$72K	$416K	50x	as long as short
SoDEX AMD-USD	+0.0342%	1h	622.39	−0.034%	$26K	$24K	10x	as long as short
tradeXYZ xyz:AMD	+0.0403%	1h	621.84	−0.122%	$25.0M	$93.2M	10x	as long as short
Polymarket Perps AMD-USD	+0.0405%	1h	622.19	−0.066%	$396K	$1.5M	10x	as long as short
Nado AMD-PERP	+0.0429%	1h	621.70	−0.144%	$318K	$171K	10x	as long as short
Deribit AMD_USDC-PERPETUALshort	+0.0490%	1h	622.13	−0.075%	$77K	$151K	10x
ApeX Omni AMDUSDT	+0.0498%	1h	622.80	+0.032%	$80K	$258K	50x	as long as short
Variational Omni AMD	+0.0591%	8h	623.20	+0.097%	$2.6M	$3.2M	—	as long as short
HTX AMD-USDT	+0.0625%	8h	622.40	−0.032%	$132K	$579K	20x	as long as short
Extended AMD_24_5-USD	+0.0640%	1h	622.51	−0.014%	$466K	$2.3M	10x	as long as short
Binance AMDUSDT	+0.0647%	8h	622.57	−0.005%	$75.9M	$191.5M	25x	as long as short
BloFin AMD-USDT	+0.0665%	8h	622.66	+0.010%	$6K	$550K	20x	as long as short
Bitget AMDUSDT	+0.0744%	8h	622.61	+0.002%	$10.3M	$17.6M	20x	as long as short
Arcus AMD-USD	+0.0782%	1h	622.97	+0.059%	$145K	$265K	10x	as long as short
GRVT AMD_USDT_Perp	+0.1770%	8h	623.46	+0.138%	$18K	$131K	10x	as long as short