Funding you earn now, next payment 02:00 UTC−0.0245%/8h= −26.8% APRpaid last 24h −0.039%
Price spread now: Phemex against Phoenix+0.056%73s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.266%−$27 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Phemex is 0.056% dearer against Phoenix than usual: you sell high and buy low (spread +0.056% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 18 hours. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
| 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 | 13m 47s | $2K | $90K | 10x |
| Short | Phemex AMDUSDT | 621.65 | 0 | get 0.0000% / 8h | 5h 13m | $1.8M | $459K | 10x |
Phoenix AMD
Phemex AMDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$51.48
- Price spread: +0.056% → 0.000%
- $5.63
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$64.85
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Phemex: live order book, 4 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 Phemex live order book, 4 min ago | 15.22 bp | doesn't fit | doesn't fit | doesn't fit | 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 | −0.0058% | 4h | 621.59 | +0.047% | $81K | $1.6M | 10x | as long as short |
| SunX AMD-USDT | 0.0000% | 8h | 621.56 | +0.042% | $1K | $8.3M | 10x | as long as short |
| HTX AMD-USDT | 0.0000% | 8h | 621.33 | +0.005% | $122K | $597K | 20x | as long as short |
| Phemex AMDUSDTshort | 0.0000% | 8h | 621.65 | +0.056% | $1.8M | $459K | 10x | |
| Gate AMD_USDT | +0.0013% | 8h | 621.76 | +0.074% | $4.5M | $13.3M | 50x | as long as short |
| Bitget AMDUSDT | +0.0021% | 8h | 621.61 | +0.050% | $10.3M | $17.0M | 20x | as long as short |
| Lighter RH AMD | +0.0032% | 1h | 621.11 | −0.031% | $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 | 621.41 | +0.018% | $144K | $263K | 10x | as long as short |
| Polymarket Perps AMD-USD | +0.0050% | 1h | 621.12 | −0.029% | $398K | $1.5M | 10x | as long as short |
edgeX AMDUSDC
SunX AMD-USDT
HTX AMD-USDT
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 | 620.71 | −0.095% | $1.5M | $4.1M | 10x | as long as short |
| Vest AMD-USD-PERP | +0.0053% | 1h | 622.55 | +0.201% | — | $923K | 25x | as long as short |
| QFEX AMD-USD | +0.0080% | 1h | 621.45 | +0.024% | $2.1M | $11.9M | 10x | as long as short |
| KuCoin AMDUSDTM | +0.0100% | 8h | 621.00 | −0.048% | $1.9M | $281K | 20x | as long as short |
| ApeX Omni AMDUSDT | +0.0100% | 1h | 621.24 | −0.010% | $80K | $257K | 50x | as long as short |
| Orderly PERP_AMD_USDC_mythos | +0.0100% | 8h | 621.45 | +0.024% | $372 | $6K | 10x | as long as short |
| Coinbase International AMD-PERP-INTX | +0.0136% | 1h | 620.69 | −0.098% | $300K | $1.8M | 10x | as long as short |
| Deribit AMD_USDC-PERPETUAL | +0.0153% | 1h | 621.01 | −0.047% | $77K | $151K | 10x | as long as short |
| tradeXYZ xyz:AMD | +0.0166% | 1h | 621.12 | −0.029% | $25.1M | $93.7M | 10x | as long as short |
| SoDEX AMD-USD | +0.0209% | 1h | 621.44 | +0.023% | $25K | $24K | 10x | as long as short |
| Lighter AMD | +0.0232% | 1h | 621.31 | +0.002% | $544K | $2.5M | 10x | as long as short |
| Phoenix AMDlong | +0.0245% | 1h | 621.30 | long leg | $2K | $90K | 10x | |
| Aevo AMD-PERP | +0.0272% | 1h | 621.78 | +0.077% | $11K | — | 10x | as long as short |
| OKX AMD-USDT-SWAP | +0.0309% | 8h | 621.52 | +0.035% | $6.9M | $27.9M | 25x | as long as short |
| Nado AMD-PERP | +0.0321% | 1h | 620.85 | −0.072% | $269K | $217K | 10x | as long as short |
| Aster AMDUSDT | +0.0394% | 8h | 621.00 | −0.048% | $72K | $412K | 50x | as long as short |
| GRVT AMD_USDT_Perp | +0.0692% | 8h | 621.63 | +0.053% | $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 |
| Extended AMD_24_5-USD | +0.0776% | 1h | 621.40 | +0.016% | $464K | $1.9M | 10x | as long as short |
| Binance AMDUSDT | +0.0777% | 8h | 621.61 | +0.050% | $75.6M | $189.9M | 25x | as long as short |
| BloFin AMD-USDT | +0.0801% | 8h | 621.73 | +0.069% | $7K | $548K | 20x | as long as short |
Ondo Perps AMD-USD.P
Vest AMD-USD-PERP
QFEX AMD-USD
KuCoin AMDUSDTM
ApeX Omni AMDUSDT
Orderly PERP_AMD_USDC_mythos
Coinbase International AMD-PERP-INTX
Deribit AMD_USDC-PERPETUAL
tradeXYZ xyz:AMD
SoDEX AMD-USD
Lighter AMD
Aevo AMD-PERP
OKX AMD-USDT-SWAP
Nado AMD-PERP
Aster AMDUSDT
GRVT AMD_USDT_Perp
Variational Omni AMD
Extended AMD_24_5-USD
Binance AMDUSDT
BloFin AMD-USDT