Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0508%/8h= +55.6% APRpaid last 24h +0.094%

Price spread now: Binance against Coinbase International+0.061%7-day average +0.122% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$290.286% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.061%, 7d avg +0.122%

Together, before fees+0.070%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.062% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.061% now, against its 7-day average of +0.122%). If the spread goes back, that is −$6 on $10k: about 10 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.074% in total) that is about 5.8 days.

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 3.9% 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	Coinbase International AMD-PERP-INTX	622.30	0.0120	pay 0.0015% / 1h	18m 47s	$316K	$1.9M	10x
Short	Binance AMDUSDT	622.68	0.0628	get 0.0628% / 8h	4h 18m	$72.9M	$195.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now +0.061%Rate

Funding earned: $106.67
Price spread: +0.061% → +0.122%: −$6.19
Slippage, 4 orders: −$8.62
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $71.86
Costs to cover: 0.286%
Break-even: 2.3 days

Slippage from Coinbase International: live order book, 5 min ago; Binance: live order book, 10 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 Coinbase International live order book, 5 min ago	3.13 bp	8.1 bp −$8	13.4 bp −$134	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.24 bp	6.5 bp −$7	10.9 bp −$109	45.8 bp −$4,585	doesn't fit

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	−0.0703%	4h	622.30	0.000%	$79K	$1.6M	10x	as long as short
Gate AMD_USDT	0.0000%	8h	623.04	+0.119%	$4.5M	$13.5M	50x	as long as short
Bitget AMDUSDT	0.0000%	8h	623.02	+0.116%	$10.3M	$17.1M	20x	as long as short
SunX AMD-USDT	0.0000%	8h	622.96	+0.106%	$1K	$8.3M	10x	as long as short
Deribit AMD_USDC-PERPETUAL	0.0000%	1h	622.49	+0.031%	$78K	$151K	10x	as long as short
HTX AMD-USDT	0.0000%	8h	622.86	+0.090%	$121K	$615K	20x	as long as short
Phemex AMDUSDT	0.0000%	8h	623.12	+0.132%	$1.8M	$458K	10x	as long as short
Lighter AMD	+0.0032%	1h	622.45	+0.024%	$554K	$2.5M	10x	as long as short
Lighter RH AMD	+0.0032%	1h	622.42	+0.019%	$841K	$4.5M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−1.700%	$5K	$55K	12x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus AMD-USD	+0.0040%	1h	622.60	+0.048%	$145K	$263K	10x	as long as short
tradeXYZ xyz:AMD	+0.0050%	1h	622.38	+0.013%	$23.7M	$94.4M	10x	as long as short
Polymarket Perps AMD-USD	+0.0050%	1h	622.58	+0.045%	$399K	$1.5M	10x	as long as short
SoDEX AMD-USD	+0.0050%	1h	622.81	+0.082%	$26K	$24K	10x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	621.80	−0.080%	$1.4M	$4.3M	10x	as long as short
Vest AMD-USD-PERP	+0.0061%	1h	624.26	+0.315%	—	$923K	25x	as long as short
Nado AMD-PERP	+0.0075%	1h	622.67	+0.059%	$269K	$226K	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	622.61	+0.050%	$2.1M	$11.7M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	622.56	+0.042%	$1.9M	$289K	20x	as long as short
ApeX Omni AMDUSDT	+0.0100%	1h	622.45	+0.024%	$80K	$258K	50x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	622.82	+0.084%	$372	$6K	10x	as long as short
Coinbase International AMD-PERP-INTXlong	+0.0120%	1h	622.30	long leg	$316K	$1.9M	10x
Phoenix AMD	+0.0206%	1h	622.24	−0.010%	$2K	$90K	10x	as long as short
Aevo AMD-PERP	+0.0240%	1h	622.99	+0.111%	$11K	—	10x	as long as short
OKX AMD-USDT-SWAP	+0.0243%	8h	622.82	+0.084%	$6.9M	$28.2M	25x	as long as short
Aster AMDUSDT	+0.0275%	8h	622.46	+0.026%	$72K	$412K	50x	as long as short
GRVT AMD_USDT_Perp	+0.0370%	8h	622.42	+0.019%	$18K	$146K	10x	as long as short
Variational Omni AMD	+0.0570%	8h	622.48	+0.030%	$2.6M	$3.3M	—	as long as short
Binance AMDUSDTshort	+0.0628%	8h	622.68	+0.061%	$72.9M	$195.1M	25x
Extended AMD_24_5-USD	+0.0632%	1h	622.54	+0.039%	$463K	$1.9M	10x	as long as short
BloFin AMD-USDT	+0.0635%	8h	622.93	+0.101%	$7K	$551K	20x	as long as short