Funding you earn now, next payment 02:00 UTC+0.0535%/8h= +58.5% APRpaid last 24h +0.079%
Price spread now: Binance against Phoenix+0.048%95s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Binance is 0.048% dearer against Phoenix than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.038% in total (about -2.0% 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 | Phoenix AMD | 621.30 | 0.0245 | pay 0.0031% / 1h | 15m 48s | $2K | $90K | 10x |
| Short | Binance AMDUSDT | 621.60 | 0.0780 | get 0.0780% / 8h | 5h 15m | $75.6M | $189.9M | 25x |
Phoenix AMD
Binance AMDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $112.26
- Price spread: +0.048% → 0.000%
- $4.83
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $100.09
- Costs to cover
- 0.170%
- Break-even
- 0.8 days
Slippage unknown: Phoenix: no order-book sample; Binance: live order book, 13 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 13 min ago | 0.24 bp | 8.0 bp −$8 | 12.2 bp −$122 | 46.5 bp −$4,647 | doesn't fit |
Phoenix: 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 | −0.0613% | 4h | 621.33 | +0.004% | $81K | $1.6M | 10x | as long as short |
| SunX AMD-USDT | 0.0000% | 8h | 621.83 | +0.085% | $1K | $8.3M | 10x | as long as short |
| HTX AMD-USDT | 0.0000% | 8h | 621.60 | +0.048% | $122K | $597K | 20x | as long as short |
| Phemex AMDUSDT | 0.0000% | 8h | 621.36 | +0.010% | $1.8M | $460K | 10x | as long as short |
| Gate AMD_USDT | +0.0016% | 8h | 621.89 | +0.095% | $4.5M | $13.3M | 50x | as long as short |
| Bitget AMDUSDT | +0.0020% | 8h | 621.72 | +0.068% | $10.3M | $17.1M | 20x | as long as short |
| Lighter RH AMD | +0.0032% | 1h | 621.18 | −0.019% | $854K | $4.4M | 10x | as long as short |
| Injective AMD/USDC PERP | +0.0033% | 1h | 611.72 | −1.542% | $5K | $55K | 12x | as long as short |
| Arcus AMD-USD | +0.0040% | 1h | 621.33 | +0.005% | $144K | $263K | 10x | as long as short |
| Polymarket Perps AMD-USD | +0.0050% | 1h | 621.34 | +0.006% | $398K | $1.5M | 10x | as long as short |
edgeX AMDUSDC
SunX AMD-USDT
HTX AMD-USDT
Phemex AMDUSDT
Gate AMD_USDT
Bitget AMDUSDT
Lighter RH AMD
Injective AMD/USDC PERP
Arcus AMD-USD
Polymarket Perps AMD-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps AMD-USD.P | +0.0050% | 1h | 620.28 | −0.164% | $1.5M | $4.1M | 10x | as long as short |
| Vest AMD-USD-PERP | +0.0053% | 1h | 622.50 | +0.193% | — | $923K | 25x | as long as short |
| QFEX AMD-USD | +0.0080% | 1h | 621.67 | +0.060% | $2.1M | $11.9M | 10x | as long as short |
| KuCoin AMDUSDTM | +0.0100% | 8h | 621.05 | −0.040% | $1.9M | $281K | 20x | as long as short |
| Orderly PERP_AMD_USDC_mythos | +0.0100% | 8h | 621.70 | +0.064% | $372 | $6K | 10x | as long as short |
| ApeX Omni AMDUSDT | +0.0122% | 1h | 620.89 | −0.066% | $80K | $257K | 50x | as long as short |
| Coinbase International AMD-PERP-INTX | +0.0136% | 1h | 620.69 | −0.098% | $300K | $1.8M | 10x | as long as short |
| tradeXYZ xyz:AMD | +0.0168% | 1h | 621.10 | −0.032% | $25.1M | $93.6M | 10x | as long as short |
| SoDEX AMD-USD | +0.0220% | 1h | 621.54 | +0.039% | $26K | $24K | 10x | as long as short |
| Lighter AMD | +0.0240% | 1h | 621.43 | +0.021% | $544K | $2.5M | 10x | as long as short |
| Phoenix AMDlong | +0.0245% | 1h | 621.30 | long leg | $2K | $90K | 10x | |
| Aevo AMD-PERP | +0.0280% | 1h | 621.99 | +0.111% | $11K | — | 10x | as long as short |
| OKX AMD-USDT-SWAP | +0.0310% | 8h | 621.58 | +0.045% | $6.9M | $27.9M | 25x | as long as short |
| Nado AMD-PERP | +0.0323% | 1h | 620.96 | −0.054% | $269K | $216K | 10x | as long as short |
| Deribit AMD_USDC-PERPETUAL | +0.0330% | 1h | 621.25 | −0.008% | $77K | $151K | 10x | as long as short |
| Aster AMDUSDT | +0.0399% | 8h | 621.12 | −0.030% | $72K | $412K | 50x | as long as short |
| GRVT AMD_USDT_Perp | +0.0695% | 8h | 621.45 | +0.023% | $18K | $138K | 10x | as long as short |
| Variational Omni AMD | +0.0718% | 8h | 621.62 | +0.052% | $2.6M | $3.3M | — | as long as short |
| BloFin AMD-USDT | +0.0756% | 8h | 621.89 | +0.095% | $7K | $548K | 20x | as long as short |
| Extended AMD_24_5-USD | +0.0776% | 1h | 621.44 | +0.022% | $464K | $1.9M | 10x | as long as short |
| Binance AMDUSDTshort | +0.0780% | 8h | 621.60 | +0.048% | $75.6M | $189.9M | 25x |
Ondo Perps AMD-USD.P
Vest AMD-USD-PERP
QFEX AMD-USD
KuCoin AMDUSDTM
Orderly PERP_AMD_USDC_mythos
ApeX Omni AMDUSDT
Coinbase International AMD-PERP-INTX
tradeXYZ xyz:AMD
SoDEX AMD-USD
Lighter AMD
Aevo AMD-PERP
OKX AMD-USDT-SWAP
Nado AMD-PERP
Deribit AMD_USDC-PERPETUAL
Aster AMDUSDT
GRVT AMD_USDT_Perp
Variational Omni AMD
BloFin AMD-USDT
Extended AMD_24_5-USD