Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0650%/8h= −71.2% APRpaid last 24h −0.091%

Price spread now: Coinbase International against Binance−0.259%7-day average −0.121% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 2 days (all we have)+0.107%+$11 · spread now −0.259%, 7d avg −0.121%

Together, before fees+0.033%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Coinbase International is 0.138% cheaper against Binance than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.121%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.074% in total (about -3.8% 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	Binance AMDUSDT	621.33	0.0786	pay 0.0786% / 8h	5h 54m	$75.5M	$190.0M	25x
Short	Coinbase International AMD-PERP-INTX	619.72	0.0136	get 0.0017% / 1h	54m 23s	$305K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now −0.259%Rate

Funding earned: −$136.52
Price spread: −0.259% → −0.121%: −$13.81
Slippage, 4 orders: −$15.01
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$185.35
Costs to cover: 0.350%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Coinbase International: live order book, 4 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 Binance live order book, 4 min ago	0.16 bp	7.9 bp −$8	15.4 bp −$154	51.4 bp −$5,144	doesn't fit
Sell Coinbase International live order book, 4 min ago	4.19 bp	10.0 bp −$10	12.7 bp −$127	doesn't fit	doesn't fit

AMD on 30 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	−0.0647%	4h	621.12	−0.034%	$81K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	621.60	+0.043%	$1K	$8.3M	10x	as long as short
HTX AMD-USDT	0.0000%	8h	621.19	−0.023%	$122K	$595K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	620.82	−0.082%	$1.8M	$460K	10x	as long as short
Gate AMD_USDT	+0.0020%	8h	621.42	+0.014%	$4.5M	$13.2M	50x	as long as short
Lighter RH AMD	+0.0032%	1h	621.14	−0.031%	$853K	$4.4M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.547%	$5K	$55K	12x	as long as short
Arcus AMD-USD	+0.0040%	1h	621.07	−0.042%	$144K	$263K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	620.06	−0.204%	$1.5M	$4.1M	10x	as long as short
Vest AMD-USD-PERP	+0.0057%	1h	622.30	+0.156%	—	$923K	25x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX AMD-USD	+0.0080%	1h	621.48	+0.024%	$2.1M	$12.1M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	620.64	−0.111%	$1.9M	$285K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	621.31	−0.003%	$372	$6K	10x	as long as short
Polymarket Perps AMD-USD	+0.0120%	1h	620.95	−0.061%	$398K	$1.5M	10x	as long as short
Coinbase International AMD-PERP-INTXshort	+0.0136%	1h	619.72	−0.259%	$305K	$1.8M	10x
Bitget AMDUSDT	+0.0176%	8h	621.49	+0.026%	$10.3M	$17.1M	20x	as long as short
tradeXYZ xyz:AMD	+0.0197%	1h	620.74	−0.095%	$25.1M	$93.5M	10x	as long as short
Phoenix AMD	+0.0244%	1h	620.80	−0.085%	$2K	$90K	10x	as long as short
Lighter AMD	+0.0272%	1h	621.29	−0.006%	$549K	$2.4M	10x	as long as short
Aevo AMD-PERP	+0.0280%	1h	621.64	+0.050%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0292%	8h	621.28	−0.008%	$6.9M	$28.0M	25x	as long as short
SoDEX AMD-USD	+0.0357%	1h	621.20	−0.021%	$25K	$24K	10x	as long as short
Nado AMD-PERP	+0.0366%	1h	620.82	−0.082%	$269K	$210K	10x	as long as short
Aster AMDUSDT	+0.0410%	8h	621.08	−0.041%	$72K	$412K	50x	as long as short
Deribit AMD_USDC-PERPETUAL	+0.0427%	1h	620.79	−0.087%	$77K	$151K	10x	as long as short
ApeX Omni AMDUSDT	+0.0572%	1h	621.27	−0.010%	$80K	$258K	50x	as long as short
Variational Omni AMD	+0.0723%	8h	621.10	−0.037%	$2.6M	$3.3M	—	as long as short
GRVT AMD_USDT_Perp	+0.0767%	8h	621.20	−0.021%	$18K	$134K	10x	as long as short
Extended AMD_24_5-USD	+0.0784%	1h	621.18	−0.024%	$463K	$1.9M	10x	as long as short
Binance AMDUSDTlong	+0.0786%	8h	621.33	long leg	$75.5M	$190.0M	25x